MERCOSUR: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in MERCOSUR

The MERCOSUR wooden kitchen furniture market dropped slightly to $X in 2022, remaining stable against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Wooden Kitchen Furniture Production in MERCOSUR

In value terms, wooden kitchen furniture production reduced modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 24%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Wooden Kitchen Furniture Exports

Exports in MERCOSUR

In 2022, shipments abroad of wooden furniture for kitchens decreased by -35.6% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. As a result, the exports reached the peak of X units, and then shrank sharply in the following year.

In value terms, wooden kitchen furniture exports reduced rapidly to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +63.5% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

Brazil was the main exporting country with an export of around X units, which accounted for 87% of total exports. It was distantly followed by Colombia (X units), mixing up an 11% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wooden kitchen furniture exports from Brazil stood at -4.0%. At the same time, Colombia (+17.3%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +17.3% from 2012-2022. From 2012 to 2022, the share of Colombia increased by +9.4 percentage points.

In value terms, Brazil ($X) remains the largest wooden kitchen furniture supplier in MERCOSUR, comprising 78% of total exports. The second position in the ranking was taken by Colombia ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, growing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: 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 (+4.2%).

Wooden Kitchen Furniture Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in overseas purchases of wooden furniture for kitchens, when their volume decreased by -38.2% to X units. Overall, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. As a result, imports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, wooden kitchen furniture imports shrank markedly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 66% against the previous year. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

Chile represented the main importing country with an import of around X units, which accounted for 36% of total imports. Peru (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Uruguay (16%), Colombia (14%) and Venezuela (9.8%). Paraguay (X units) and Ecuador (X units) held a minor share of total imports.

Chile was also the fastest-growing in terms of the wooden furniture for kitchens imports, with a CAGR of +9.7% from 2012 to 2022. At the same time, Colombia (+4.3%) and Ecuador (+3.4%) displayed positive paces of growth. Peru experienced a relatively flat trend pattern. By contrast, Uruguay (-1.3%), Paraguay (-3.3%) and Venezuela (-14.6%) illustrated a downward trend over the same period. While the share of Chile (+25 p.p.), Colombia (+6.7 p.p.) and Peru (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Venezuela (-28.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported wooden furniture for kitchens in MERCOSUR, comprising 40% of total imports. The second position in the ranking was taken by Uruguay ($X), with a 17% share of total imports. It was followed by Colombia, with a 12% share.

In Chile, wooden kitchen furniture imports expanded at an average annual rate of +10.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uruguay (+1.0% per year) and Colombia (+0.1% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, picking up by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform