Chile: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Chile

The Chilean wooden furniture treatments market fell rapidly to $X in 2022, waning by -33.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a moderate increase. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank markedly in the following year.

Wooden Furniture Treatments Exports

Exports from Chile

In 2022, wooden furniture treatments exports from Chile soared to X tons, picking up by 26% against the year before. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 101% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden furniture treatments exports surged to $X in 2022. Overall, exports, however, saw a perceptible slump. The growth pace was the most rapid in 2014 with an increase of 85% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X tons), Ecuador (X tons) and Bolivia (X tons) were the main destinations of wooden furniture treatments exports from Chile, with a combined 68% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +17.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Peru ($X) and Ecuador ($X) appeared to be the largest markets for wooden furniture treatments exported from Chile worldwide, with a combined 68% share of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +18.4%, saw the highest rates of growth with regard to 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

In 2022, the average wooden furniture treatments export price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Bolivia ($X per ton) and Peru ($X per ton), while the average price for exports to Costa Rica ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Furniture Treatments Imports

Imports into Chile

Wooden furniture treatments imports into Chile dropped dramatically to X tons in 2022, falling by -36.2% against 2021. Over the period under review, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports shrank to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Mexico (X tons), Argentina (X tons) and the United States (X tons) were the main suppliers of wooden furniture treatments imports to Chile, with a combined 91% 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 Mexico (with a CAGR of +26.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wooden furniture treatments suppliers to Chile were Mexico ($X), Argentina ($X) and the United States ($X), with a combined 88% share of total imports.

Among the main suppliers, the United States, with a CAGR of +22.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, with an increase of 44% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments import price increased by +65.3% against 2018 indices. As a result, import price reached 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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