Mexico: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Mexico

For the fourth year in a row, the Mexican wooden bedroom furniture market recorded decline in sales value, which decreased by -6.2% to $X in 2022. Overall, consumption recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the market value increased by 2.7% against the previous year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Wooden Bedroom Furniture Production in Mexico

In value terms, wooden bedroom furniture production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 3.5%. Wooden bedroom furniture production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wooden Bedroom Furniture Exports

Exports from Mexico

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were exported from Mexico; with an increase of 12% compared with the previous year. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 62% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, wooden bedroom furniture exports expanded sharply to $X in 2022. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 57%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units) was the main destination for wooden bedroom furniture exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +19.6%.

In value terms, the United States ($X) also remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +16.2%.

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, dropping by -4.8% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The growth pace was the most rapid in 2015 when the average export price increased by 44%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.9% per year.

Wooden Bedroom Furniture Imports

Imports into Mexico

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were imported into Mexico; with an increase of 23% on the previous year's figure. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.3% 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 +36.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 33%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, wooden bedroom furniture imports soared to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +92.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Vietnam (X units) and Brazil (X units) were the main suppliers of wooden bedroom furniture imports to Mexico, with a combined 63% share of total imports. Italy, the United States, Malaysia, Poland, Spain and Indonesia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +54.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture suppliers to Mexico were Vietnam ($X), China ($X) and Italy ($X), together accounting for 66% of total imports. Brazil, the United States, Spain, Indonesia, Malaysia and Poland lagged somewhat behind, together accounting for a further 30%.

Poland, with a CAGR of +61.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, increasing by 12% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 25% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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