MERCOSUR: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in MERCOSUR

In 2022, the MERCOSUR metal office furniture market decreased by -0.1% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, showed a pronounced slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Office Furniture Production in MERCOSUR

In value terms, metal office furniture production totaled $X in 2022 estimated in export price. In general, production, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by 18%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Office Furniture Exports

Exports in MERCOSUR

In 2022, overseas shipments of metal office furniture increased by 2.3% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 35% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal office furniture exports rose slightly to $X in 2022. In general, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when exports increased by 43% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Colombia (X tons) was the key exporter of metal office furniture, generating 52% of total exports. Brazil (X tons) held the second position in the ranking, distantly followed by Chile (X tons). All these countries together took approx. 38% share of total exports. Peru (X tons), Venezuela (X tons) and Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Paraguay (with a CAGR of +246.3%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Brazil ($X) and Chile ($X) were the countries with the highest levels of exports in 2022, together comprising 93% of total exports. Peru, Venezuela and Paraguay lagged somewhat behind, together comprising a further 5%.

Paraguay, with a CAGR of +184.3%, saw the highest rates of growth with regard to 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

In 2022, the export price in MERCOSUR amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-1.2%), while the other leaders experienced a decline in the export price figures.

Metal Office Furniture Imports

Imports in MERCOSUR

Metal office furniture imports declined to X tons in 2022, falling by -7.4% on the year before. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 18% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal office furniture imports declined modestly to $X in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Chile was the key importing country with an import of around X tons, which reached 53% of total imports. Peru (X tons) ranks second in terms of the total imports with an 18% share, followed by Brazil (5.6%). The following importers - Guyana (X tons), Colombia (X tons), Argentina (X tons), Uruguay (X tons), Suriname (X tons), Venezuela (X tons) and Ecuador (X tons) - together made up 23% of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal office furniture imports into Chile stood at +8.2%. At the same time, Guyana (+9.3%), Peru (+8.1%) and Uruguay (+1.5%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +9.3% from 2012-2022. By contrast, Suriname (-11.1%), Colombia (-12.5%), Ecuador (-13.5%), Argentina (-14.6%), Brazil (-18.3%) and Venezuela (-25.6%) illustrated a downward trend over the same period. While the share of Chile (+40 p.p.), Peru (+13 p.p.), Guyana (+3.4 p.p.) and Uruguay (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Suriname (-2.1 p.p.), Ecuador (-2.8 p.p.), Colombia (-4.8 p.p.), Argentina (-5.6 p.p.), Brazil (-17.8 p.p.) and Venezuela (-25.2 p.p.) displayed negative dynamics.

In value terms, Chile ($X) constitutes the largest market for imported metal office furniture in MERCOSUR, comprising 50% of total imports. The second position in the ranking was taken by Peru ($X), with a 16% share of total imports. It was followed by Brazil, with a 6.7% share.

In Chile, metal office furniture imports expanded at an average annual rate of +8.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Peru (+3.8% per year) and Brazil (-14.1% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, increasing by 4.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 14%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform