Mexico has the second largest consumer market in Latin America after Brazil.
The annual output value of the Mexican furniture market is about 40 billion pesos (about 2.05 billion US dollars), with an average annual growth rate of 3%.
At the same time, in terms of export output value: Mexico is the world's fourth largest exporter of adjustable swivel chairs, sixth largest exporter of metal seats, eighth largest exporter of wooden seats, and wooden furniture The ninth largest exporter of parts.
Currently, Mexico's furniture manufacturing industry employs about 100,000 laborers.
In 2018, the average salary of furniture manufacturer employees was 114.95 pesos (approximately US$5.9); the average salary of carpenters was as high as 114.95 US dollars; the lowest-paid job was furniture machine operators, with an average daily salary of 109.9 pesos (approximately 5.64 USD).
For wood products, although compared with the United States and Canada in the North American market, the Mexican market is It only ranks third in size and scope, but the importance of the Mexican market cannot be overemphasized.
Mexico has the second largest consumer market in Latin America after Brazil, coupled with an open border policy, the North American Free Trade Agreement (NAFTA) and the United States-Mexico-Canada Agreement (USMCA) and investment from other countries, it is expected that the country The wood products market will continue to grow.
Industry report pointed out that the operating conditions of Mexico’s manufacturing industry have improved since October this year : This is mainly due to the growth in sales, purchasing and employment. But the fly in the ointment is that although business confidence has risen to a five-month high, commodity production has fallen for five consecutive months.
According to the information provided by the Mexican Furniture Manufacturers Association AFAMJAL: The residential furniture and cabinet market in Mexico should maintain a relatively stable growth in the future. The North American market, especially the United States, will be the main market for Mexican residential furniture and cabinet products.
