MERCOSUR: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in MERCOSUR

The MERCOSUR wooden office furniture market rose markedly to $X in 2021, increasing by 11% against the previous year. In general, consumption, however, showed a noticeable curtailment. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wooden Office Furniture Production in MERCOSUR

In value terms, wooden office furniture production rose markedly to $X in 2021 estimated in export price. In general, production, however, saw a pronounced descent. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Wooden Office Furniture Exports

Exports in MERCOSUR

In 2021, wooden office furniture exports in MERCOSUR soared to X units, growing by 56% on 2020 figures. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 64% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, wooden office furniture exports soared to $X in 2021. Over the period under review, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil was the main exporting country with an export of about X units, which finished at 75% of total exports. It was distantly followed by Colombia (X units), creating a 21% share of total exports. Chile (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to wooden office furniture exports from Brazil stood at +12.5%. At the same time, Chile (+36.2%) and Colombia (+16.6%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +36.2% from 2012-2021. Colombia (+6 p.p.) and Chile (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest wooden office furniture supplier in MERCOSUR, comprising 68% of total exports. The second position in the ranking was held by Colombia ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil amounted to +8.1%. In the other countries, the average annual rates were as follows: Colombia (+10.2% per year) and Chile (+21.1% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, standing approx. at the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 11%. As a result, the export price attained the peak level of $X per unit. From 2016 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 Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-4.0%), while the other leaders experienced a decline in the export price figures.

Wooden Office Furniture Imports

Imports in MERCOSUR

In 2021, the amount of wooden furniture of a kind used in offices imported in MERCOSUR surged to X units, jumping by 96% on 2020. Over the period under review, imports showed a moderate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden office furniture imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Chile (X units) was the key importer of wooden furniture of a kind used in offices, mixing up 60% of total imports. Peru (X units) held the second position in the ranking, followed by Colombia (X units) and Uruguay (X units). All these countries together held near 28% share of total imports. The following importers - Brazil (X units), Ecuador (X units) and Paraguay (X units) - each resulted at an 8.6% share of total imports.

Chile was also the fastest-growing in terms of the wooden furniture of a kind used in offices imports, with a CAGR of +13.5% from 2012 to 2021. At the same time, Brazil (+11.9%), Peru (+7.0%), Uruguay (+4.8%) and Paraguay (+4.3%) displayed positive paces of growth. By contrast, Colombia (-3.0%) and Ecuador (-8.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Chile, Peru and Brazil increased by +33, +2.3 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported wooden furniture of a kind used in offices in MERCOSUR, comprising 57% of total imports. The second position in the ranking was held by Colombia ($X), with a 10% share of total imports. It was followed by Uruguay, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value in Chile amounted to +8.4%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (-1.9% per year) and Uruguay (+1.2% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, shrinking by -5.7% against the previous year. Over the period under review, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2014 an increase of 7.4% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 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 Paraguay ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform