Brazil is rich in forest resources and is one of the largest tropical rainforests in the world. The timber industry plays an important role in the Brazilian economy. Brazil’s wooden product exports cover various types of furniture, flooring, doors and windows, wooden handicrafts, etc. Especially Brazilian wooden furniture is famous for its high quality, unique design and environmental friendliness, and enjoys a high reputation in the international market. On the other hand, polyurethane wood varnish is a commonly used coating widely used in the surface coating and protection of wooden furniture. It has multiple advantages such as good abrasion resistance, weather resistance and chemical resistance, which can effectively protect wood from external elements. In addition, polyurethane wood varnish also has excellent decorative effects, which can enhance the appearance texture and gloss of wooden furniture, making it more beautiful and durable, and it is especially frequently used on Brazilian wooden products. However, the recent decline in the use of polyurethane wood lacquers in Brazilian wooden furniture exports is cause for concern and may be related to several factors.
The export of wooden furniture has decreased:
According to the data, the export value of Brazilian wooden furniture will start from2022year5monthly5880millions of dollars dropped to 20235210ten thousand dollars, means2023year5In March, Brazil’s total wooden furniture exports fell by 11.4%. From the perspective of export destinations, Brazil’s wooden furniture exports to the United States have dropped significantly42.8%, only 22.45 ten thousand pieces. Exports to Chile fell22%to10.2910,000 pieces, while exports to Uruguay increased by 28.6%, reaching 10.29 million pieces.
Internal factors:
First of all, Brazil’s domestic economic situation has had a certain impact on the export of wooden furniture. The instability of the economy and the decline in demand may lead to the weakening of consumers’ purchasing power of wooden furniture, thus affecting the export volume. In addition, political factors and instability in the business environment of the industry may also hinder exports. Affected by geopolitical conflicts, the prices of bulk commodities such as fuel, wheat, and corn have risen, further exacerbating the overall inflationary pressure in Brazil. Data show that Brazil’s inflation rate in March increased by 1.62% month-on-month, hitting a record28The record for the largest monthly increase in the past year
External factors:
External factors include exchange rate fluctuations, tariff barriers, international competition, logistics, and international demand and economic situation in major import markets. Fluctuations in the exchange rate may lead to unstable export prices of Brazilian wooden furniture, thereby affecting export volumes. Tariff barriers and international competition can also limit the competitiveness of Brazilian wooden furniture in international markets. In addition, logistical issues and the international needs of the import market.�� and the economic situation may also affect the export situation of Brazilian wooden furniture. Coupled with the most serious geopolitical conflicts in recent years, Brazil, a large agricultural country85%is dependent on imports of fertilizers, of which about one-fifth One is from Russia. According to a report by the Russian state-owned news agency Tass4 on April 4, the Russian Ministry of Trade has suggested a complete suspension of chemical fertilizer exports.
Conclusion:
Brazilian wooden furniture exports face challenges from declining production and reduced use of polyurethane wood lacquers. In addition to internal factors such as the domestic economy, politics, and industry business environment, external factors such as exchange rate fluctuations, tariff barriers, international competition, logistics, and international demand and economic situation in the import market also have an impact on Brazilian wooden furniture exports. Addressing these challenges requires the efforts of the Brazilian government and related industries to enhance the competitiveness of wooden furniture exports and promote the sustainable development of the polyurethane wood coatings industry.