Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Uruguay - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Uruguay (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Uruguay (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Uruguay
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Uruguay
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Uruguay (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $102 per unit in 2022, shrinking by -6.2% against the previous year. Overall, the import price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $127 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Argentina ($102 per unit) and India ($102 per unit), while the price for the United States ($102 per unit) and Italy ($102 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Uruguay (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $75 per unit, picking up by 11% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for furniture; wooden, other than for office, kitchen or bedroom use increased by +38.1% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 53% against the previous year. As a result, the export price reached the peak level of $97 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($83 per unit) and Paraguay ($75 per unit), while the average price for exports to Free Zones ($74 per unit) and Peru ($75 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Uruguay
For the fourth year in a row, Uruguay recorded growth in overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use, which increased by 3.9% to 163K units in 2022. The total import volume increased at an average annual rate of +13.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use dropped slightly to $17M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of $17M, and then reduced slightly in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 7.2 | 6.7 | 8.8 | 10.2 | 12.3% |
| China | 3.0 | 2.7 | 4.6 | 3.2 | 2.2% |
| Indonesia | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Malaysia | 0.5 | 0.5 | 0.5 | 0.5 | 0.0% |
| India | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Italy | 0.1 | 0.4 | 0.8 | 0.3 | 44.2% |
| Argentina | 0.3 | 0.4 | 0.4 | 0.3 | 0.0% |
| Others | 0.8 | 0.4 | 1.4 | 1.1 | 11.2% |
| Total | 12.4 | 11.5 | 17.1 | 16.7 | 10.4% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Uruguay in 2022:
- Brazil (100.2K units)
- China (31.6K units)
- Indonesia (6.1K units)
- Malaysia (4.5K units)
- India (4.1K units)
- Argentina (3.1K units)
- Italy (2.7K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Uruguay
In 2022, exports of furniture; wooden, other than for office, kitchen or bedroom use from Uruguay shrank remarkably to 10K units, falling by -56.5% compared with the year before. Over the period under review, exports recorded a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year. The exports peaked at 32K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use reduced markedly to $759K in 2022. Overall, exports showed a precipitous slump. The growth pace was the most rapid in 2021 when exports increased by 44% against the previous year. The exports peaked at $2M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 1,514 | 914 | 1,311 | 588 | -27.0% |
| Bolivia | 71.0 | 50.6 | 26.4 | 53.8 | -8.8% |
| Chile | 110 | 2.6 | 42.7 | 41.6 | -27.7% |
| Panama | N/A | N/A | N/A | 38.7 | 0% |
| Peru | 0.3 | N/A | N/A | 24.7 | 335.0% |
| Free Zones | 189 | 6.6 | 175 | 0.9 | -83.2% |
| Colombia | N/A | 84.0 | N/A | N/A | 0% |
| Others | 116 | 38.2 | 22.0 | 11.8 | -53.3% |
| Total | 2,001 | 1,096 | 1,577 | 759 | -27.6% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Uruguay in 2022:
- Paraguay (7.8K units)
- Bolivia (0.7K units)
- Chile (0.6K units)
- Panama (0.5K units)
- Peru (0.3K units)
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