Peru's wood product exports to grow in 2010
Oct 19, 2009. The manager of Husqvarna in Peru has aid that the effects of the global recession are already being overcome and that he is optimistic for 2010 wood product exports which could grow by about 30% from 2009 levels.
Oct 19, 2009. /Lesprom Network/. The forestry and timber sector is probably the main economic activity in the Peruvian rainforest and this sector has not been immune to the effects of the international financial crisis. However, the manager of Husqvarna in Peru has aid that the effects of the global recession are already being overcome and that he is optimistic for 2010 wood product exports which could grow by about 30% from 2009 levels, ITTO reported.
By way of example it is reported that economies such as in Loreto, which depends on wood products, has seen a 70% fall in exports from January to July 2009 compared to the same period a year ago. In Ucayali, the drop was around 50% and in San Martin the decline is estimated at around 30%. Nationally between anuary and July 2009 exports of wood products were down about 55%.
In 2009 domestic demand held up better and the domestic demand forecasts for 2010 are positive as there are good prospects in the construction sector which will revive as the global situation eases.