Chile: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Chile

The Chilean wooden bedroom furniture market fell remarkably to $X in 2022, dropping by -21.6% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Wooden Bedroom Furniture Production in Chile

In value terms, wooden bedroom furniture production contracted slightly to $X in 2022 estimated in export price. In general, production, however, showed a mild downturn. The most prominent rate of growth was recorded in 2016 with an increase of 34% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Chile

Wooden bedroom furniture exports from Chile contracted dramatically to X units in 2022, reducing by -82% on the previous year. Over the period under review, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2018 with an increase of 62%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, wooden bedroom furniture exports shrank markedly to $X in 2022. Overall, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2014 with an increase of 11%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X units) was the main destination for wooden bedroom furniture exports from Chile, with a 66% share of total exports. Moreover, wooden bedroom furniture exports to Bolivia exceeded the volume sent to the second major destination, Peru (X units), threefold. Argentina (X units) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-27.5% per year) and Argentina (-29.8% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for wooden furniture of a kind used in the bedroom exports from Chile, comprising 73% of total exports. The second position in the ranking was held by Peru ($X), with a 14% share of total exports. It was followed by Israel, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-29.4% per year) and Israel (+11.0% per year).

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, with an increase of 59% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 99% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Argentina ($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 Colombia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Chile

In 2022, after two years of growth, there was significant decline in supplies from abroad of wooden furniture of a kind used in the bedroom, when their volume decreased by -40.6% to X units. Overall, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 94%. As a result, imports reached the peak of X units, and then shrank markedly in the following year.

In value terms, wooden bedroom furniture imports shrank sharply to $X in 2022. Over the period under review, imports, however, posted pronounced growth. The growth pace was the most rapid in 2021 with an increase of 126%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, Brazil (X units) constituted the largest wooden bedroom furniture supplier to Chile, accounting for a 64% share of total imports. Moreover, wooden bedroom furniture imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Colombia (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.6% per year) and Colombia (+61.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Chile, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Vietnam, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.7% per year) and Vietnam (+25.2% per year).

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, picking up by 7% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2021 an increase of 16% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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