Latin America and the Caribbean: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Latin America and the Caribbean

The Latin American wooden furniture treatments market declined slightly to $X in 2022, with a decrease of -3.9% against the previous year. Over the period under review, consumption recorded a noticeable setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in Latin America and the Caribbean

In value terms, wooden furniture treatments production dropped to $X in 2022 estimated in export price. In general, production saw a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of 15% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wooden Furniture Treatments Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of polishes and creams for wooden furniture and floors increased by 18% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden furniture treatments exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate a deep reduction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina was the main exporter of polishes and creams for wooden furniture and floors in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was approx. 35% of total exports in 2022. It was distantly followed by Chile (X tons), Brazil (X tons), Peru (X tons), Colombia (X tons) and Mexico (X tons), together creating a 65% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of -1.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest wooden furniture treatments supplying countries in Latin America and the Caribbean were Argentina ($X), Chile ($X) and Mexico ($X), with a combined 74% share of total exports.

Chile, with a CAGR of -4.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, which is down by -4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 16%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.3%), while the other leaders experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports in Latin America and the Caribbean

In 2022, the amount of polishes and creams for wooden furniture and floors imported in Latin America and the Caribbean contracted to X tons, waning by -14.5% compared with the previous year. Overall, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 12% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports shrank slightly to $X in 2022. Over the period under review, imports showed a perceptible slump. The pace of growth appeared the most rapid in 2017 when imports increased by 12%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X tons), distantly followed by Guatemala (X tons), Uruguay (X tons), Paraguay (X tons), Mexico (X tons) and Argentina (X tons) represented the key importers of polishes and creams for wooden furniture and floors, together committing 66% of total imports. Peru (X tons), Ecuador (X tons), Costa Rica (X tons), El Salvador (X tons), the Dominican Republic (X tons), Belize (X tons) and Bolivia (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +24.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Guatemala ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 48% of total imports. Uruguay, Argentina, Peru, the Dominican Republic, El Salvador, Paraguay, Ecuador, Bolivia, Costa Rica and Belize lagged somewhat behind, together comprising a further 35%.

Among the main importing countries, Argentina, with a CAGR of +16.3%, recorded the highest growth rate of 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 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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