Latin America Kitchen Furniture Market - Growth, Trends, Covid-19 Impact and Forecasts (2021-2026)

The Latin Kitchen Furniture Market offers a large variety of kitchen organizers and seating options. Wood, glass, fibre, metal, and other materials are used to make kitchen furniture, with the majority of the wood coming from Brazil. The authentic, handcrafted classic American kitchen furniture designs are primarily found in Latin American countries, causing the Latin Kitchen furniture market to grow over the forecast period.

A new trend of custom-made furniture is carefully designed to satisfy high standards and match varied tastes and expectations across Latin America, inspired by European style with a blend of Brazilian flavours. Because of their large customer bases, the Brazil, Peru, and Columbia markets have contributed significantly to regional expansion. The need for kitchen furniture cabinets, storage, and countertops is expected to rise as new buildings are constructed. Peru has seen a rise in traditional furniture styles, resulting in a surge in demand for Latin American kitchen furniture from abroad.

The figures have become less predictable because of changes in consumer habits at least partly brought about by the pandemic because of a sudden change in expenditure behaviours by the families. The coronavirus pandemic has shown an impact on the proper functioning of whole furniture industry in various countries of Latin America. Peru was hit hard across the Latin America region by COVID-19 which decreased its trade-in first three quarters of 2020 by a huge rate. However, Brazil furniture sales rose in April from the previous month as consumers increased purchases of furniture and related goods thus, leading the market in an upward trend throughout the forecast period.

Key Market Trends

Growing Wood Furniture Exports from Brazil is Driving the Market Growth

In the kitchen furniture market, wood is the most commonly utilised material. Brazilian wooden furniture exports climbed 30.5% in value in February 2021 compared to February 2020, followed by a 0.3% fall in 2019 compared to 2018. The United States, Uruguay, the United Kingdom, France, Canada, and the Netherlands are the main destinations for Brazilian wooden furniture exports. Following a significant drop in 2019, exports to the United Kingdom increased for three of the four quarters, with only April-June deliveries falling short of expectations, and Brazil exports in Q4 of 2020 more than doubled those in Q4 of 2019. June and July 2020 were exponential months and this growth happened due to the pandemic.

Continuous Growth in Construction is Driving the Market

Since the decade, the continuous increase in residential and commercial constructions, with the highest growth seen in Detached Prestige Houses, followed by High Rise Apartments, and Aged Care units in various regions of Latin America, primarily focusing on Brazil, Columbia, Argentina, and Chile, has led to economic development and the growth of kitchen furniture in the region. In the future years, this increase and demand for kitchen furniture are expected to continue.

Competitive Landscape

The Latin America Kitchen Furniture Market is very competitive and highly fragmented across different countries like Brazil, Columbia, Peru offering a huge number of competitive players that are dominating the market, grabbing market more powerfully by the mergers and acquisitions and traditional kitchen furniture designs are led by Peru Market has made the Latin America Kitchen Furniture Market very competitive and strong. International chains and their brands such as IKEA, Eastvold Furniture are widely famous and leading the market. Latin American groups such as Techni Mobili, Politorno, Wasaniaga, Arteqiri have been focusing on innovating modern and contemporary designs and leading the Latin America Kitchen Furniture Market for a long time.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support