Chile: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Chile

The Chilean wooden office furniture market soared to $X in 2021, picking up by 119% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Wooden Office Furniture Production in Chile

In value terms, wooden office furniture production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2016 when the production volume increased by 25%. Wooden office furniture production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wooden Office Furniture Exports

Exports from Chile

After three years of growth, overseas shipments of wooden furniture of a kind used in offices decreased by -25.6% to X units in 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 896%. Over the period under review, the exports hit record highs at X units in 2020, and then fell remarkably in the following year.

In value terms, wooden office furniture exports expanded significantly to $X in 2021. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 424%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Peru (X units) was the main destination for wooden office furniture exports from Chile, with a 81% share of total exports. Moreover, wooden office furniture exports to Peru exceeded the volume sent to the second major destination, Panama (X units), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru totaled +51.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+99.5% per year) and Paraguay (+69.1% per year).

In value terms, Peru ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Chile, comprising 68% of total exports. The second position in the ranking was held by Panama ($X), with a 9.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru amounted to +38.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+77.6% per year) and Paraguay (+50.5% per year).

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, increasing by 45% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (-8.7%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Chile

In 2021, approx. X units of wooden furniture of a kind used in offices were imported into Chile; growing by 153% compared with 2020 figures. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden office furniture imports surged to $X in 2021. Over the period under review, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest wooden office furniture supplier to Chile, accounting for a 57% share of total imports. Moreover, wooden office furniture imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), twofold. Colombia (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+59.8% per year) and Colombia (+31.5% per year).

In value terms, China ($X), Brazil ($X) and Colombia ($X) were the largest wooden office furniture suppliers to Chile, with a combined 86% share of total imports.

Among the main suppliers, Brazil, with a CAGR of +48.8%, 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

In 2021, the average wooden office furniture import price amounted to $X per unit, shrinking by -5.2% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 22%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :