Businessmen dealing in wood and furniture at the Guatemalan Association of Exporters (Agexport) reported sales of $80.46 million in 2011.
The figure represents 16.35% more than in 2010, when sales totaled $69.15 million reported PrensaLibre.com.
By items, the highest percentage of exports in 2011 were of furniture, with $22.3 million, followed by lumber, with $ 21.9 million, doors, with $10.25 million, and pallets, with $7.2 million.
"Rosa María Monzón, coordinator of the Committee of Furniture and Forest Products at Agexport, said that for 2012 growth is estimated at between 10 and 15%. This will allow the sector to meet, at least, the historical amount of $87 million recorded in sales in 2007", reported PrensaLibre.com.
Source: prensalibre.com
More on this topic
September 2011
Foreign sales of wood products up to July increased by $718 million, equivalent to 19.8%.
Data from the Bank of Guatemala indicates that total exports for July amounted to $4,347 million.
The main markets for Guatemalan furniture are Central America, the United States and Europe.
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.
July 2010
In the next five years, Guatemala's wood industry expects to sell twice as much as it does now.
According to the forecasts by Cofama, the sector may export as much as $140 million in 2011.
Cofama is a Guatemalan association that comprises wood and furniture producers. They have unveiled a strategic work plan for the next five years to reach this objective.
January 2011
The export sector dropped to 8% from 13.7% growth prospect for 2011.
The Guatemalan Association of Exporters (Agexport) reported that the 14.8% increase in the minimum wage for the textile sector is the reason for the low growth prospect.
"Projections indicated a growth of 13.7% to 15.4%, representing $ 1.112 billion more to the projected end of the year $ 8.144 million.
español
1601
