MERCOSUR: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in MERCOSUR

The MERCOSUR wooden bedroom furniture market declined slightly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Wooden Bedroom Furniture Production in MERCOSUR

In value terms, wooden bedroom furniture production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports in MERCOSUR

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom decreased by -24% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports saw a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, the exports attained the peak of X units, and then declined markedly in the following year.

In value terms, wooden bedroom furniture exports contracted to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +27.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 45%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Brazil prevails in exports structure, accounting for X units, which was approx. 98% of total exports in 2022. Colombia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wooden bedroom furniture exports from Brazil stood at -1.2%. At the same time, Colombia (+1.7%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +1.7% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest wooden bedroom furniture supplier in MERCOSUR, comprising 97% of total exports. The second position in the ranking was held by Colombia ($X), with a 2.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to +5.0%.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, jumping by 15% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden bedroom furniture export price increased by +27.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 15% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while Brazil stood at $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 MERCOSUR

In 2022, supplies from abroad of wooden furniture of a kind used in the bedroom decreased by -30.2% to X units for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +33.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of X units, and then dropped sharply in the following year.

In value terms, wooden bedroom furniture imports fell sharply to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 74%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

Chile represented the key importer of wooden furniture of a kind used in the bedroom in MERCOSUR, with the volume of imports finishing at X units, which was approx. 45% of total imports in 2022. It was distantly followed by Peru (X units), Uruguay (X units) and Colombia (X units), together constituting a 46% share of total imports. Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture importing markets in MERCOSUR were Chile ($X), Peru ($X) and Uruguay ($X), with a combined 79% share of total imports. Colombia and Ecuador lagged somewhat behind, together accounting for a further 9.8%.

In terms of the main importing countries, Colombia, with a CAGR of +5.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, growing by 5.8% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Uruguay ($X per unit) and Ecuador ($X per unit), while Peru ($X per unit) and Chile ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform