Mexico: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Mexico

In 2022, the Mexican wooden kitchen furniture market decreased by -3.6% to $X, falling for the second consecutive year after three years of growth. Overall, consumption showed a deep setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Wooden Kitchen Furniture Production in Mexico

In value terms, wooden kitchen furniture production dropped to $X in 2022 estimated in export price. In general, production, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of 34%. Wooden kitchen furniture production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Wooden Kitchen Furniture Exports

Exports from Mexico

For the ninth year in a row, Mexico recorded growth in shipments abroad of wooden furniture for kitchens, which increased by 34% to X units in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 101% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wooden kitchen furniture exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 185% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +30.5%.

In value terms, the United States ($X) also remains the key foreign market for wooden furniture for kitchens exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +28.6%.

Export Prices by Country

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, surging by 8% against the previous year. In general, the export price, however, saw a slight downturn. The pace of growth appeared the most rapid in 2021 an increase of 42% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 -1.4% per year.

Wooden Kitchen Furniture Imports

Imports into Mexico

In 2022, the amount of wooden furniture for kitchens imported into Mexico expanded markedly to X units, increasing by 7.7% against the previous year's figure. Overall, imports, however, recorded a mild decline. The pace of growth was the most pronounced in 2014 when imports increased by 49% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wooden kitchen furniture imports reached $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 25%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and the United States (X units) were the main suppliers of wooden kitchen furniture imports to Mexico, with a combined 82% share of total imports. Brazil, Germany, Spain, Colombia, Vietnam and Malaysia lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of wooden furniture for kitchens to Mexico, comprising 58% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.4% per year) and the United States (-7.0% per year).

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, with an increase of 2.9% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2013 an increase of 89% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :