Peru: Veneer Sheets Market 2024

Veneer Sheets Market Size in Peru

In 2022, the Peruvian veneer sheets market was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. Over the period under review, consumption, however, saw a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Veneer Sheets Production in Peru

In value terms, veneer sheets production declined dramatically to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the production volume increased by 56%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Veneer Sheets Exports

Exports from Peru

In 2022, shipments abroad of veneer sheets decreased by -8.6% to X cubic meters for the first time since 2014, thus ending a seven-year rising trend. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 60% against the previous year. The exports peaked at X cubic meters in 2021, and then contracted in the following year.

In value terms, veneer sheets exports contracted to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 82% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Mexico (X cubic meters) was the main destination for veneer sheets exports from Peru, with a 83% share of total exports. Moreover, veneer sheets exports to Mexico exceeded the volume sent to the second major destination, Ecuador (X cubic meters), more than tenfold. The third position in this ranking was held by the Dominican Republic (X cubic meters), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico totaled +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+38.0% per year) and the Dominican Republic (+7.0% per year).

In value terms, Mexico ($X) remains the key foreign market for veneer sheets exports from Peru, comprising 67% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 16% share of total exports. It was followed by the Dominican Republic, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+46.0% per year) and the Dominican Republic (+16.3% per year).

Export Prices by Country

In 2022, the average veneer sheets export price amounted to $X per cubic meter, falling by -5.8% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, veneer sheets export price increased by +3.9% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 26%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per cubic meter), while the average price for exports to Mexico ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Veneer Sheets Imports

Imports into Peru

In 2022, the amount of veneer sheets imported into Peru expanded markedly to X cubic meters, growing by 12% compared with the year before. In general, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 171% against the previous year. Imports peaked at X cubic meters in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, veneer sheets imports rose to $X in 2022. Overall, imports posted a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of 141%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X cubic meters) constituted the largest veneer sheets supplier to Peru, with a 86% share of total imports. Moreover, veneer sheets imports from Spain exceeded the figures recorded by the second-largest supplier, China (X cubic meters), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +30.9%.

In value terms, Spain ($X) constituted the largest supplier of veneer sheets to Peru, comprising 76% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +21.0%.

Import Prices by Country

In 2022, the average veneer sheets import price amounted to $X per cubic meter, falling by -8.8% against the previous year. Overall, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 17% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Spain amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.5%).

Source: IndexBox Platform

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