Mexico: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Mexico

The Mexican wooden furniture treatments market contracted slightly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption recorded a slight downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in Mexico

In value terms, wooden furniture treatments production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Wooden Furniture Treatments Exports

Exports from Mexico

Wooden furniture treatments exports from Mexico reduced notably to X tons in 2022, with a decrease of X% on 2021. Over the period under review, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wooden furniture treatments exports contracted remarkably to $X in 2022. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for wooden furniture treatments exports from Mexico, accounting for a X% share of total exports. Moreover, wooden furniture treatments exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), fivefold. Costa Rica (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Costa Rica (X% per year).

In value terms, the United States ($X) remains the key foreign market for polishes and creams for wooden furniture and floors exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports. It was followed by Costa Rica, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Costa Rica ($X per ton), while the average price for exports to Guatemala ($X per ton) and Honduras ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Mexico

In 2022, supplies from abroad of polishes and creams for wooden furniture and floors decreased by X% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports declined to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of wooden furniture treatments to Mexico, with a X% share of total imports. Moreover, wooden furniture treatments imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and China (X% per year).

In value terms, the United States ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Mexico, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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