China reduces timber imports from Peru

ITTO's Tropical Timber Market Report
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According to data from the Export Association of Peru (ADEX), wood product exports between January and August this year totalled US$108 million FOB compared to the US$114 million in the same period last year, a decline of around 5%. Up until the end of August the three main export markets were China, Mexico and the United States and these three markets accounted for 76% of the wood sector exports. Among the countries that reduced imports from Peru were China and Italy. China’s imports of sawnwood fell sharply.

Added value products 40% of all wood product exports from Peru
Semi-manufactured product exports up to August, at US$ 42.7 million FOB, represented 40% of the value of all wood product exports, down from the US$52.1 million in the same period in 2010 Sawnwood exports were the second largest and represented around 35% of all wood product exports. Exports of sawnwood up to August were US36.6 million FOB, down 8% when compared to the US$39.6 million exported in the same period in 2010. The main market for sawnwood from Peru was Mexico which accounted for 43% of total sawnwood exports.

Peru’s wood product exports in August 2010 and 2011
Product Aug-10 Aug-11 Change
52.1 42.7 -18%
Sawnwood 39.6 36.6 -8%
Veneer and plywood 10.8 12.8 19%
Furniture 4.3 5.3 23%
Other products 7.3 10.5 41%
Total 114.1 107.9 -5%
Source: ADEX
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