Tuesday, October 3, 2023

They forecast a 10% growth for the furniture industry in Mexico

Mexico.- The Industry of furniture in Mexico, for the first time seeks to integrate the Mexican Association of Maquiladoras and Furniture Artisans to protect and strengthen professionals in the sector company According to the promoters of the association, Mexican this year, the growth forecast for 2023 in this sector is 10 percent.

Carla rangelcompany’s tray hoveAnd charles tenOf workshop x They elaborate that this part of the business benefited from the pandemic, as people remodeled their homes during the confinement, which had a direct impact on sales growth of up to 50 percent per year.

Through a statement, they define that the market value of this industry is 2 thousand 400 million dollars. MexicoHowever, in spite of this value and growth, the furniture makers are already becoming extinct in the country, especially the artisans, for this reason, the union will focus “saving both artisans and companies and, with it, potentially exports”.

Decline in furniture in Mexico

Carla Rangel explained that the purpose of the organization in manufacturing is to save the carvers who make designs in wood for tables, cabinets, stairs, which are almost non-existent in Mexico; In addition to making high-end furniture without the intention of competing with Chinese furniture or furniture from other countries.

He said that the project of the association, which was presented in Housing Expo At the World Trade Center in Mexico City, it will initially be integrated with 12 large companies and can legally be called OMA (Organization of Manufactures and Artisans), oriented towards the manufacture of high-end furniture.

According to data from Expo Habitat, the furniture and interior design industry in Mexico is made up of about 20,000 artisans, family businesses and all kinds. Meanwhile, Mexican furniture dealers and experts point out that the sector “This has been primarily influenced by increased imports of lumber from the United States, totaling 83 percent.” This is because Mexico’s forests are not being exploited, with 21 million cubic meters of them available for use.

Marcos Gottfried, director of Expo Habitat, highlighted the importance of strengthening the furniture and interior design sector, which is expected to grow by 10 percent this year.

Nation World News Desk
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