Latin America and the Caribbean: Wooden Frame Market 2024

Wooden Frame Market Size in Latin America and the Caribbean

The Latin American wooden frame market declined modestly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Wooden Frame Production in Latin America and the Caribbean

In value terms, wooden frame production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Wooden Frame Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of wooden frames for paintings, photographs, mirrors or similar objects decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame exports contracted sharply to $X in 2022. Total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

Brazil was the major exporting country with an export of around X units, which recorded X% of total exports. It was distantly followed by Mexico (X units), constituting a X% share of total exports.

Brazil was also the fastest-growing in terms of the wooden frames for paintings, photographs, mirrors or similar objects exports, with a CAGR of X% from 2012 to 2022. Mexico (X%) illustrated a downward trend over the same period. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest wooden frame supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports.

In Brazil, wooden frame exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, picking up by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Wooden Frame Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of wooden frames for paintings, photographs, mirrors or similar objects increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, wooden frame imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Chile (X units) represented the main importer of wooden frames for paintings, photographs, mirrors or similar objects, mixing up X% of total imports. It was distantly followed by Mexico (X units), the Dominican Republic (X units), Brazil (X units) and Costa Rica (X units), together generating a X% share of total imports. The following importers - Colombia (X units), Argentina (X units), Cuba (X units), Guatemala (X units) and Peru (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to wooden frame imports into Chile stood at X%. At the same time, the Dominican Republic (X%), Costa Rica (X%), Colombia (X%), Cuba (X%), Guatemala (X%) and Mexico (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%), Argentina (X%) and Peru (X%) illustrated a downward trend over the same period. The Dominican Republic (X p.p.), Costa Rica (X p.p.), Chile (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Peru, Brazil and Argentina saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wooden frame importing markets in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Brazil ($X), together accounting for X% of total imports. The Dominican Republic, Costa Rica, Colombia, Cuba, Argentina, Guatemala and Peru lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the Dominican Republic, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cuba ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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