May 16, 2011. /Lesprom Network/. Due to subdued demand for timber from Peru in international markets and the lack of effective policies on forest concessions, Peruvian wood product exports fell 11% in the 1Q 2011, ITTO reported. Timber sales were valued at $31.7 million in the 1Q 2011 compared to $35.4 million the same period last year. But, the situation is even worse when 1Q 2011 exports are compared with those in the same period in 2008 ($54.9 million). The main products affected were semi manufactured goods, lumber and minor product exports. Exports of semi-manufactured products were valued at $12.8 million compared to the $16.8 million level for the 1Q 2010. Lumber exports fell from 11.1 million in 2010 to 8.7 million between January and March 2011. On the other hand, fibreboard and particleboard exports grew significantly from the $355,000 in the 1Q 2010 to $1 million in the same period this year. The export figures reflect the status of some markets for Peruvian timbers such as China which, up until March, had not resumed purchasing after the Chinese New Year holiday. Despite having reduced its purchases by 41%, China remains the largest importer of Peruvian wood followed by Mexico and the US.