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FURNITURE OUTLOOK FOR LATIN AMERICA AND THE CARIBBEAN

Multiclient Research FURNITURE

November 2015 W27 UPHOLSTERED

MATTRESSES

CONTRACT & LUXURY

OFFICE &

WORKSPACE

KITCHEN & BATHROOM

ECOBUILDING & WINDOWS

DESIGN LAB &

WORKSHOP

MAJOR

APPLIANCES

LIGHTING

FIXTURES

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© Copyright CSIL R3143

CSIL Milano scrl 15 corso Monforte 20122 Milano Italy

tel. +39 02 796630 fax +39 02 780703 csil@csilmilano.com – www.csilmilano.com

Furniture Outlook for Latin America and The Caribbean FURNITURE

Research prepared by C. Pisa, S. Pelizzari, U. Finzi (Senior Advisor) UPHOLSTERED

MATTRESSES

CONTRACT & LUXURY

OFFICE &

WORKSPACE

KITCHEN & BATHROOM

ECOBUILDING & WINDOWS

DESIGN LAB &

WORKSHOP

MAJOR

APPLIANCES

LIGHTING

FIXTURES

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Furniture Outlook for Latin America and the Caribbean

Nov-15 R3143

© Copyright CSIL This report is exclusively for consultation on the part of the purchaser. It may not be reproduced in whole or in part by any means whatsoever without the prior written permission of CSIL

I

Contents

PART I OVERVIEW 1 

INTRODUCTION 2 Figure 1  Furniture consumption in Latin America and the Caribbean 2 Table 1  Basic economic data on countries of Latin America and the Caribbean. 3 Table 2  Overview of the furniture sector in Latin America and the Caribbean. 4 

FURNITURE CONSUMPTION 5 Table 3  Furniture consumption in Latin America and the Caribbean. 5 Figure 2  Breakdown of furniture consumption by region. % in value 6 Figure 3  Furniture consumption in South America, US$ Million 6 Figure 4  Furniture consumption in Central America, US$ Million 7 Figure 5  Furniture consumption in the Caribbean, US$ Million 8 

MAJOR URBAN MARKETS FOR FURNITURE IN LATIN AMERICA AND THE CARIBBEAN 9 Table 4  Latin America and the Caribbean. Large urban markets, ranked by population 10 Figure 6  Main cities in Latin America and the Caribbean 11 

FURNITURE IMPORTS 12 Figure 7  Furniture imports in Latin America and the Caribbean 12 Figure 8  Breakdown of furniture imports by region. % in value 13 Figure 9  Import penetration by region. Imports/consumption ratio 13 Table 5  Furniture imports, Major importers 2010-2014, US$ million 14 Figure 10  Growth of furniture imports in Latin America and the Caribbean, 2010-2014 US$ million 14 Table 6  Origin of Imports for 10 main importing countries. 15 

FURNITURE PRODUCTION 16 Table 7  Furniture production in Latin America and the Caribbean. 16 Figure 11  Furniture production in Latin America and the Caribbean 17 

THE OUTLOOK FOR FURNITURE CONSUMPTION 18 Table 8  Furniture market outlook 2015- 2017, alphabetical order 18 

PART II FURNITURE INDICATORS FOR LATIN AMERICA AND THE CARIBBEAN 19 Table A1  Overview of the furniture sector in Latin America and the Caribbean. Alphabetical order 20 Table A2  Overview of the furniture sector in Latin America and the Caribbean. Ranking by size of imports 21 Table A3  FURNITURE EXPORTS, 2010-2014 22 Table A4  FURNITURE IMPORTS, 2010-2014 23 Table A5  FURNITURE TRADE. Destination of exports. Ranking by size of exports 24 Table A6  LATIN AMERICA AND THE CARIBBEAN FURNITURE TRADE. Origin of imports. Ranking by size of imports 25 Table A7  Furniture market outlook 2015- 2017, alphabetical order 26 

Furniture Outlook for Latin America and the Caribbean

Nov-15 R3143

© Copyright CSIL This report is exclusively for consultation on the part of the purchaser. It may not be reproduced in whole or in part by any means whatsoever without the prior written permission of CSIL

II

COUNTRY TABLES 27 Table B1 Argentina ...................................... 28 Table B2 Bahamas ...................................... 29 Table B3 Barbados ...................................... 30 Table B4 Belize ............................................ 31 Table B5 Bolivia ........................................... 32 Table B6 Brazil ............................................. 33 Table B7 Chile ............................................. 34 Table B8 Colombia ...................................... 35 Table B9 Costa Rica .................................... 36 Table B10 Cuba ............................................. 37 Table B11 Dominican Republic ...................... 38 Table B12 Eastern Caribbean States ............ 39 Table B13 Ecuador ........................................ 40 Table B14 El Salvador ................................... 41

Table B15 Guatemala ..................................... 42 Table B16 Guyana .......................................... 43 Table B17 Haiti ............................................... 44 Table B18 Honduras ....................................... 45 Table B19 Jamaica ......................................... 46 Table B20 Mexico ........................................... 47 Table B21 Nicaragua ...................................... 48 Table B22 Panama ......................................... 49 Table B23 Paraguay ....................................... 50 Table B24 Peru ............................................... 51 Table B25 Suriname ....................................... 52 Table B26 Trinidad and Tobago ..................... 53 Table B27 Uruguay ......................................... 54 Table B28 Venezuela ..................................... 55

PART III PROFILES OF THE FURNITURE SECTOR IN 4 LARGE MARKETS IN LATIN AMERICA 56

Profile of the furniture sector in Argentina 57 Profile of the furniture sector in Brazil 66 Profile of the furniture sector in Chile 76 Profile of the furniture sector in Mexico 84

APPENDIX - NOTES, PRESENTATION CONVENTIONS, CLASSIFICATION OF COUNTRIES 95