Market Size of Brazil Furniture Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Furniture Market Analysis
The Brazil furniture market is expected to witness strong growth during the forecast period, owing to factors, such as rising disposable income, increasing the number of households in the country, and increasing spend on home improvement and furnishing products.
Brazil's furniture industry has evolved recently, owing to factors such as the opening of the economy to foreign trade, the expansion of the domestic market, and new consumers gaining access to the market. The low cost of reforestation wood represents another important competitive advantage for the furniture industry in Brazil.
In the furniture market in Brazil, sales of furniture in the retail trade increased by nearly 7.3% in 2018. The average price of furniture also witnessed an increase of 0.12% compared to 2018. The country is also witnessing a decline in imports of furniture products, as the production capacity of the country is significantly increasing.
Among the leading destinations for furniture exported by Brazil are the United States and the United Kingdom, followed by South American countries such as Uruguay, Peru, Chile, Paraguay, Argentina, and Bolivia. Latin America, which includes Central America, the Caribbean, and Mexico, accounts for 39.3% of Brazilian exports.
