Uruguay: Market for Furnishing Articles, Furniture and Cushion Covers 2024

Market Size for Furnishing Articles, Furniture and Cushion Covers in Uruguay

The Uruguayan market for furnishing articles, furniture and cushion covers fell to $X in 2023, waning by X% against the previous year. Overall, consumption showed a perceptible setback. Consumption of peaked at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Production of Furnishing Articles, Furniture and Cushion Covers in Uruguay

In value terms, production of furnishing articles, furniture and cushion covers reduced to $X in 2023 estimated in export price. Overall, production recorded a perceptible curtailment. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports from Uruguay

In 2023, the amount of furnishing articles, furniture and cushion covers exported from Uruguay surged to X tons, rising by X% compared with the previous year. Over the period under review, exports, however, continue to indicate a slight contraction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, exports of furnishing articles, furniture and cushion covers surged to $X in 2023. Overall, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of attained the maximum at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for exports of furnishing articles, furniture and cushion covers from Uruguay, with a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Argentina stood at X%.

In value terms, Argentina ($X) also remains the key foreign market for furnishing articles, furniture and cushion covers exports from Uruguay.

From 2012 to 2023, the average annual growth rate of value to Argentina totaled X%.

Export Prices by Country

The average export price for furnishing articles, furniture and cushion covers stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for Argentina amounted to X% per year.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports into Uruguay

In 2023, supplies from abroad of furnishing articles, furniture and cushion covers decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. In general, imports, however, posted a moderate expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports of reached the peak figure at X tons in 2022, and then fell in the following year.

In value terms, imports of furnishing articles, furniture and cushion covers dropped rapidly to $X in 2023. Over the period under review, total imports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports of attained the maximum at $X in 2022, and then reduced dramatically in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest furnishing article, furniture and cushion cover supplier to Uruguay, with a X% share of total imports. Moreover, imports of furnishing articles, furniture and cushion covers from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Brazil (X% per year).

In value terms, China ($X) constituted the largest supplier of furnishing articles, furniture and cushion covers to Uruguay, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2023, the average import price for furnishing articles, furniture and cushion covers amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a perceptible downturn. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform