MERCOSUR: Plastic Furniture Market 2024

Plastic Furniture Market Size in MERCOSUR

The MERCOSUR plastic furniture market totaled $X in 2021, growing by 3.2% against the previous year. In general, consumption, however, saw a mild slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Plastic Furniture Production in MERCOSUR

In value terms, plastic furniture production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild decrease. The growth pace was the most rapid in 2019 when the production volume increased by 40% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Plastic Furniture Exports

Exports in MERCOSUR

In 2021, overseas shipments of furniture of plastic increased by 70% to X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic furniture exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Colombia (X units) represented the major exporter of furniture of plastic, generating 55% of total exports. Brazil (X units) held the second position in the ranking, distantly followed by Peru (X units). All these countries together took near 34% share of total exports. The following exporters - Uruguay (X units), Ecuador (X units) and Argentina (X units) - each resulted at an 8.3% share of total exports.

From 2012 to 2021, the biggest increases were in Brazil (with a CAGR of +9.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Colombia ($X) and Peru ($X) constituted the countries with the highest levels of exports in 2021, together comprising 92% of total exports. Argentina, Ecuador and Uruguay lagged somewhat behind, together accounting for a further 6.2%.

Ecuador, with a CAGR of +8.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 unit in 2021, reducing by -15.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 8.9% against the previous year. The level of export peaked at $X per unit in 2020, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Brazil ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+6.8%), while the other leaders experienced mixed trends in the export price figures.

Plastic Furniture Imports

Imports in MERCOSUR

After two years of decline, purchases abroad of furniture of plastic increased by 39% to X units in 2021. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern 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, plastic furniture imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X units), distantly followed by Peru (X units), Brazil (X units), Colombia (X units), Ecuador (X units) and Uruguay (X units) were the main importers of furniture of plastic, together creating 89% of total imports. Argentina (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Peru (with a CAGR of +17.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Peru ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 70% of total imports.

Peru, with a CAGR of +14.5%, recorded the highest growth rate of the value of imports, in terms of 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 MERCOSUR stood at $X per unit in 2021, reducing by -10.5% against the previous year. Over the period under review, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of 12%. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform