Peru: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Peru

In 2022, after four years of growth, there was significant decline in the Peruvian wooden bedroom furniture market, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Wooden bedroom furniture consumption peaked at $X in 2021, and then fell in the following year.

Wooden Bedroom Furniture Production in Peru

In value terms, wooden bedroom furniture production expanded modestly to $X in 2022 estimated in export price. Overall, production recorded a perceptible decrease. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Wooden bedroom furniture production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Wooden Bedroom Furniture Exports

Exports from Peru

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were exported from Peru; reducing by X% against the previous year. Over the period under review, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture exports expanded sharply to $X in 2022. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Chile (X units) and Italy (X units) were the main destinations of wooden bedroom furniture exports from Peru, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the United States ($X) emerged as the key foreign market for wooden furniture of a kind used in the bedroom exports from Peru, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports.

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

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, export price indicated a measured 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. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Chile ($X per unit) was 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Peru

After two years of growth, purchases abroad of wooden furniture of a kind used in the bedroom decreased by X% to X units in 2022. Overall, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then contracted markedly in the following year.

In value terms, wooden bedroom furniture imports reduced remarkably 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 in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2022, Brazil (X units) constituted the largest wooden bedroom furniture supplier to Peru, accounting for a X% share of total imports. Moreover, wooden bedroom furniture imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), tenfold. Colombia (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Brazil ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Peru, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, recorded a noticeable slump. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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