Latin America and the Caribbean: Market for Furnishing Articles, Furniture and Cushion Covers 2024

Market Size for Furnishing Articles, Furniture and Cushion Covers in Latin America and the Caribbean

The Latin American market for furnishing articles, furniture and cushion covers contracted slightly to $X in 2022, falling by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Furnishing Articles, Furniture and Cushion Covers in Latin America and the Caribbean

In value terms, production of furnishing articles, furniture and cushion covers dropped slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports in Latin America and the Caribbean

In 2022, the amount of furnishing articles, furniture and cushion covers exported in Latin America and the Caribbean expanded significantly to X tons, rising by X% on the previous year. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of furnishing articles, furniture and cushion covers rose notably to $X in 2022. Over the period under review, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) and El Salvador (X tons) represented the key exporters of furnishing articles, furniture and cushion covers in 2022, resulting at approx. X% and X% of total exports, respectively. Haiti (X tons) ranks next in terms of the total exports with a X% share, followed by Paraguay (X%). Nicaragua (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Paraguay (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), El Salvador ($X) and Haiti ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Nicaragua and Paraguay lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Paraguay, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Haiti ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Haiti (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports in Latin America and the Caribbean

Imports of furnishing articles, furniture and cushion covers shrank sharply to X tons in 2022, with a decrease of X% against the previous year's figure. In general, imports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, imports of furnishing articles, furniture and cushion covers dropped modestly to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

The purchases of the four major importers of furnishing articles, furniture and cushion covers, namely Chile, Mexico, Peru and Brazil, represented more than two-thirds of total import. The following importers - Uruguay (X tons), Colombia (X tons), Nicaragua (X tons), Guatemala (X tons), Guyana (X tons) and Bolivia (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and Peru ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Peru, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, saw a mild reduction. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :