Nicaragua: Exports of Wood and Furniture Up 40%

At the end of 2011 the country exported a total of $17.5 million, 40% higher than the $12.5 million in 2010.

Friday, August 17, 2012

The main export destinations were the United States and China, according to official reports.

"The Central American country saw improved trade in these products between 2006 and 2011 with a 49.4% increase in export volumes and prices increasing by 13.5%, according to official information.

According to the executive, the United States bought 31% of the furniture sold by Nicaragua abroad last year, while China took 56% of sawn and processed timber", reported ACAN-EFE.

Foreign sales projections for this year are at $20 million.



More on this topic

Trends in the Timber Market

August 2017

Furniture and household articles, pellets and laminated wood are among the products with the highest demand in the global wood market.

From the executive summary of a study by Procomer entitled "World lumber market and trends for value-added products":

Costa Rica: Figures for the Wood and Furniture Sector - 2016

April 2017

Last year imports of sawn timber grew by 34% compared to 2015, while wood furniture exports and imports increased by only 3.4% and 2.6%, respectively.

From the report "Trade balance and main trends in exports and imports of wood and furniture 2016", from the National Forestry Office: 

Costa Rica: Imports and Exports of Wood and Furniture in 2013

March 2014

A drop in exports of teak was the main reason for the increase in the trade deficit in the sector, which went from $3.5 million in 2011 to $26 million in 2013.

From the concluding chapter of a report by the National Forestry Office entitled "Trade balance and main trends in exports and imports of wood and wood furniture in Costa Rica"

More Guatemalan Furniture Goes to U.S.

May 2012

The export of furniture and wood products from Guatemala shows a growth of 25% from January to March 2012.

An improved U.S. economy is proving positive for the timber sector in Guatemala. The growth of exports from January to March 2012, is equivalent to $21 million.

"Ivar Pérez, Executive at the Furniture Manufacturers Committee (Cofama) of the Guatemalan Exporters' Guild and president of Muebles Sinai, agreed that the reactivation of the U.S. construction industry is favorable for Guatemala. As stated, the growing demand has caused inventories to become depleted and orders have increased," reported Prensalibre.com.

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