MERCOSUR: Cushion Cover Market 2025

Cushion Cover Market Size in MERCOSUR

The MERCOSUR cushion cover market rose significantly to $X in 2021, increasing by 8.3% against the previous year. In general, consumption, however, saw a perceptible descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cushion Cover Production in MERCOSUR

In value terms, cushion cover production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by 15%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Cushion Cover Exports

Exports in MERCOSUR

In 2021, the amount of furnishing articles for car seats exported in MERCOSUR shrank to X tons, reducing by -11% on the year before. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 39% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, cushion cover exports shrank dramatically to $X in 2021. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 24%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Paraguay (X tons) represented the main exporter of furnishing articles for car seats, generating 35% of total exports. Colombia (X tons) ranks second in terms of the total exports with an 18% share, followed by Uruguay (16%), Brazil (10%), Peru (8%) and Argentina (7.8%). Chile (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Paraguay (with a CAGR of +19.4%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Paraguay ($X) and Colombia ($X) were the countries with the highest levels of exports in 2021, with a combined 56% share of total exports.

In terms of the main exporting countries, Paraguay, with a CAGR of +11.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, declining by -8.7% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 27% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+8.2%), while the other leaders experienced a decline in the export price figures.

Cushion Cover Imports

Imports in MERCOSUR

In 2021, after two years of decline, there was significant growth in supplies from abroad of furnishing articles for car seats, when their volume increased by 86% to X tons. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cushion cover imports soared to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile was the key importing country with an import of about X tons, which finished at 49% of total imports. Peru (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (17%) and Colombia (4.6%). Uruguay (X tons), Argentina (X tons) and Guyana (X tons) held a relatively small share of total imports.

Imports into Chile increased at an average annual rate of +13.7% from 2012 to 2021. At the same time, Peru (+23.6%), Colombia (+2.1%) and Uruguay (+1.6%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +23.6% from 2012-2021. Brazil and Guyana experienced a relatively flat trend pattern. By contrast, Argentina (-8.9%) illustrated a downward trend over the same period. While the share of Chile (+24 p.p.) and Peru (+15 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Uruguay (-1.5 p.p.), Colombia (-1.6 p.p.), Argentina (-7.7 p.p.) and Brazil (-9.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported furnishing articles for car seats in MERCOSUR, comprising 53% of total imports. The second position in the ranking was held by Peru ($X), with an 18% share of total imports. It was followed by Brazil, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Chile totaled +7.7%. In the other countries, the average annual rates were as follows: Peru (+25.6% per year) and Brazil (-2.5% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, with an increase of 7.3% against the previous year. Overall, the import price, however, showed a noticeable slump. The growth pace was the most rapid in 2017 when the import price increased by 11% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guyana (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform