Bolivia: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Bolivia

The Bolivian wooden bedroom furniture market expanded modestly to $X in 2022, increasing by 3.8% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.4% against 2020 indices. Wooden bedroom furniture consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wooden Bedroom Furniture Production in Bolivia

In value terms, wooden bedroom furniture production expanded rapidly to $X in 2022 estimated in export price. In general, production enjoyed strong growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 48%. Wooden bedroom furniture production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Wooden Bedroom Furniture Exports

Exports from Bolivia

In 2022, wooden bedroom furniture exports from Bolivia plummeted to X units, dropping by -92.9% against the year before. In general, exports faced a drastic downturn. The growth pace was the most rapid in 2018 when exports increased by 29%. The exports peaked at X units in 2021, and then reduced notably in the following year.

In value terms, wooden bedroom furniture exports reduced notably to $X in 2022. Overall, exports continue to indicate a precipitous descent. The growth pace was the most rapid in 2018 with an increase of 415% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X units), Mexico (X units) and Peru (X units) were the main destinations of wooden bedroom furniture exports from Bolivia, with a combined 27% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Bolivia, comprising 68% of total exports. The second position in the ranking was taken by Argentina ($X), with a 16% share of total exports. It was followed by Chile, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-24.2% per year) and Chile (-44.1% per year).

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, picking up by 611% against the previous year. In general, the export price, however, recorded a drastic downturn. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.2%), while the prices for the other major destinations experienced a decline.

Wooden Bedroom Furniture Imports

Imports into Bolivia

In 2022, wooden bedroom furniture imports into Bolivia dropped markedly to X units, with a decrease of -46.5% on the previous year's figure. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 57%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, wooden bedroom furniture imports fell rapidly to $X in 2022. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X units), China (X units) and Colombia (X units) were the main suppliers of wooden bedroom furniture imports to Bolivia, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +8.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Bolivia, comprising 91% of total imports. The second position in the ranking was taken by China ($X), with a 5.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at -17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.7% per year) and Colombia (+2.1% per year).

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, jumping by 47% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden bedroom furniture import price increased by +143.7% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform