Uruguay: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Uruguay

The Uruguayan bedding and furnishing article market surged to $X in 2021, picking up by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a prominent expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Uruguay

In 2021, overseas shipments of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) increased by 20% to X tons for the first time since 2012, thus ending a eight-year declining trend. In general, exports, however, continue to indicate a sharp contraction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, bedding and furnishing article exports soared to $X in 2021. Over the period under review, exports, however, showed a sharp curtailment. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for bedding and furnishing article exports from Uruguay, with a 90% share of total exports. Moreover, bedding and furnishing article exports to Argentina exceeded the volume sent to the second major destination, Brazil (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina stood at -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-45.2% per year) and Free Zones (-11.1% per year).

In value terms, Argentina ($X) remains the key foreign market for bedding and furnishing article exports from Uruguay, comprising 88% of total exports. The second position in the ranking was held by Brazil ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina amounted to -19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-46.5% per year) and Free Zones (-13.1% per year).

Export Prices by Country

In 2021, the average bedding and furnishing article export price amounted to $X per ton, approximately equating the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2013 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (-2.3%), while the prices for the other major destinations experienced a decline.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Uruguay

In 2021, bedding and furnishing article imports into Uruguay rose sharply to X tons, increasing by 14% on the previous year. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 39%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, bedding and furnishing article imports surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Brazil (X tons) and India (X tons) were the main suppliers of bedding and furnishing article imports to Uruguay, together accounting for 91% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +17.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and India ($X) appeared to be the largest bedding and furnishing article suppliers to Uruguay, with a combined 89% share of total imports.

India, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the average bedding and furnishing article import price amounted to $X per ton, jumping by 28% against the previous year. In general, the import price, however, showed a noticeable setback. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Brazil ($X per ton) and China ($X per ton), while the price for Argentina ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform