Latin America and the Caribbean: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Latin America and the Caribbean

In 2022, the Latin American metal domestic furniture market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then fell in the following year.

Metal Domestic Furniture Production in Latin America and the Caribbean

In value terms, metal domestic furniture production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Metal Domestic Furniture Exports

Exports in Latin America and the Caribbean

In 2022, the amount of metal furniture exported in Latin America and the Caribbean was estimated at X tons, increasing by X% compared with the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, metal domestic furniture exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Mexico dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Brazil (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Costa Rica (X%). The following exporters - Colombia (X tons) and El Salvador (X tons) - each accounted for a X% share of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Costa Rica (X%) and El Salvador (X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Colombia (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Costa Rica (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest metal domestic furniture supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

In Mexico, metal domestic furniture exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 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 Colombia ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced mixed trends in the export price figures.

Metal Domestic Furniture Imports

Imports in Latin America and the Caribbean

Metal domestic furniture imports fell remarkably to X tons in 2022, which is down by X% against the previous year. Overall, imports showed a mild downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then reduced notably in the following year.

In value terms, metal domestic furniture imports shrank rapidly to $X in 2022. In general, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, Mexico (X tons), distantly followed by Chile (X tons), Brazil (X tons), Argentina (X tons), Costa Rica (X tons), Peru (X tons) and the Dominican Republic (X tons) were the main importers of metal furniture, together creating X% of total imports. The following importers - Panama (X tons), Guatemala (X tons), Colombia (X tons), Ecuador (X tons), El Salvador (X tons) and Honduras (X tons) - together made up X% of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of metal furniture. At the same time, the Dominican Republic (X%), Guatemala (X%), El Salvador (X%), Argentina (X%), Costa Rica (X%) and Panama (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Honduras, Chile, Ecuador and Peru experienced a relatively flat trend pattern. By contrast, Colombia (X%) and Brazil (X%) illustrated a downward trend over the same period. The Dominican Republic (X p.p.), Argentina (X p.p.), Chile (X p.p.), Costa Rica (X p.p.), Guatemala (X p.p.) and Mexico (X p.p.) significantly strengthened its position in terms of the total imports, while Colombia and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported metal furniture in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Mexico, metal domestic furniture imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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