Latin America and the Caribbean: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Latin America and the Caribbean

The Latin American wooden bedroom furniture market dropped modestly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Wooden Bedroom Furniture Production in Latin America and the Caribbean

In value terms, wooden bedroom furniture production contracted slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 15%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports in Latin America and the Caribbean

In 2022, the amount of wooden furniture of a kind used in the bedroom exported in Latin America and the Caribbean shrank to X units, reducing by -9.7% compared with 2021. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.6% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, wooden bedroom furniture exports fell slightly to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 49%. As a result, the exports attained the peak of $X, and then dropped modestly in the following year.

Exports by Country

The shipments of the two major exporters of wooden furniture of a kind used in the bedroom, namely Brazil and Mexico, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mexico (with a CAGR of +19.3%).

In value terms, Brazil ($X) and Mexico ($X) were the countries with the highest levels of exports in 2022.

Mexico, with a CAGR of +15.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, rising by 5.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2015 when the export price increased by 24% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Mexico amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.3%).

Wooden Bedroom Furniture Imports

Imports in Latin America and the Caribbean

In 2022, the amount of wooden furniture of a kind used in the bedroom imported in Latin America and the Caribbean plummeted to X units, with a decrease of -22.7% compared with the previous year's figure. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of X units, and then dropped significantly in the following year.

In value terms, wooden bedroom furniture imports declined to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Chile (X units), distantly followed by Peru (X units), Mexico (X units) and Uruguay (X units) were the major importers of wooden furniture of a kind used in the bedroom, together creating 66% of total imports. Colombia (X units), Costa Rica (X units), Ecuador (X units), Jamaica (X units), Bahamas (X units), the Dominican Republic (X units), Guatemala (X units), Panama (X units) and Cayman Islands (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Peru ($X), together accounting for 47% of total imports. Uruguay, the Dominican Republic, Jamaica, Guatemala, Panama, Bahamas, Cayman Islands, Colombia, Ecuador and Costa Rica lagged somewhat behind, together comprising a further 34%.

Panama, with a CAGR of +26.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, growing by 20% against the previous year. In general, the import price, however, saw a mild contraction. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per unit), while Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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