Mahogany prices continue to increase as a consequence of the inclusion of mahogany (Swietenia macrophylla) in Appendix II of CITES and supply shortages. Prices for mahogany sawnwood (length 6+ feet) for the US market have reached US$1,620 per m3. The volume of mahogany sawnwood exports is strictly controlled by INRENA, which enforces the export annual quota of 23,621 m3 for 2005.
The USA continues to absorbe most of the Peruvian
sawnwood mahogany (Swietenia macrophylla, over
90% of exports). Exports to the Central American
market are rapidly declining with only 4 companies
exporting to Dominican Republic and Puerto Rico.
Some analysts indicate that the Central American
market is no longer attractive and that future exports
of sawnwood mahogany will probably be limited to
shorter sizes while commercial sizes will be
destined to the USA.
Cabreuva sawnwood (Myroxylon balsamum, known
also as estoraque or santos mahogany) for the
Chinese market reached US$1,380 per m3. The
price increase was due to high demand in China. Peruvian exporters expect further
increases for cabreuva’s and, particularly,
mahogany’s prices by the end of the year.
Trimite acest articol unui prieten