Peru: First quarter 2020 exports down by 20%

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The Exporters Association (ADEX) has reported that in the first quarter 2020 Peru's wood product exports reached US$24.7 million FOB. This represents a decline of almost 20% compared to the first quarter 2019 (US$31 million FOB). Semi-manufactured products accounted for 58%, but were down 35% year on year. Sawnwood accounted for 31% but was down 50% year on year. The main market for sawnwood in the first quarter was China with a 43% share. Exports of sawnwood to China increased 5 fold in the first quarter. Other markets for sawnwood were the Dominican Republic (down 13%) and Mexico (down 14.5%).

While still in negative territory exports of veneer and plywood held up better, dropping just 8% year on year, however, veneer and plywood exports are small accounting for around 3% of all wood product exports.

Of the US$24.7 million exported up to March, China was the main destination with a share of 40% but there was a 13% year on year decline. France was the second most important market in the first quarter accounting for 11% of exports but there was a huge, 33%, drop compared to the first quarter last year. Mexico and the United States were the third and fourth placed destination with exports to the US making up 11% of all exports (down 27% year on year). Exports to Mexico dropped 46% in the first quarter.

When the government announced the plan for the gradual reactivation of Peru's economy in four phases determined efforts were made to include the forestry sector which was paralysed during the lockdown. The forestry and wood processing sectors have gradually gained recognition for its potential for development in the country. Prioritising the resumption of activities in the forestry sector was effectively articulated by the authorities in Ucayali, Loreto and Madre de Dios, which constituted an Amazon forest block that presented a common agenda with 25 initiatives for the economic reactivation of the sector within the framework of COVID-19 recovery. This was presented to its regional governments, the Ministry of Economy and Finance (MEF) and the Ministry of Agriculture (MINAGRI). The agenda included legislative initiatives (regional and national in nature), actions for the approval and execution of forest management plans, reactivation of transport activities, transformation and commercialisation of the forest production chain; incentives and promotional actions such as the promotion of public purchases and financing proposals for the private sector.

In April 2020, Peruvian imports of wooden furniture reached US$4.4 million, an increase of 25% compared to the same month of 2019 (US$3.6 million). Brazil remained by far the main supplier in April-2020 at US$3 .5 million followed by China (US$208,000) and Spain (US$140,000). The main importers of wooden furniture in April 2020 were the two main home improvement stores.

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