Furniture industry and trade in Mexico

Abstract

The furniture industry in Mexico shows structural deficiencies which have not been overcome over the past decades. Among other reasons, those deficiencies are due to the fact that the furniture sector is uncompetitive, non-efficient, internal markets are weak and cheap Asian products are becoming more competitive. Mexico´s in-bond industry and export orientation has helped dodge the problem to a certain extent, due to the fact that Mexico ranks the third largest furniture exporter to the U.S. and the seventh largest exporter worldwide. This research shows the interaction between the furniture industry and other sectors and subsectors. It also indicates consumer preferences over furniture (based on types of furniture), and also reveals that 13,2 % of sales in department stores are related to furniture sales. Finally, a diagnosis and general dimensioning over the furniture and retail industry is made.