The value of furniture output in Mato Grosso do Sul, Brazil, increased by over 70% in 2014 compared to the previous year, from R$ 116.1 million ($45 million) to R$ 201.3 million ($78.7 million).However, production in 2015 is expected to expand by just 4% to R$ 209.3 million ($81 million) mainly because of the negative impact of rising interest rates and a stagnant domestic economy.

Furniture

Mato Grosso do Sul, Brazil: Furniture production increased by over 70% in 2014

Jan 26, 2015. /Lesprom Network/. The value of furniture output in Mato Grosso do Sul, Brazil, increased by over 70% in 2014 compared to the previous year, from R$ 116.1 million ($45 million) to R$ 201.3 million ($78.7 million), ITTO reported.

However, production in 2015 is expected to expand by just 4% to R$ 209.3 million ($81 million) mainly because of the negative impact of rising interest rates and a stagnant domestic economy.

The industry would benefit if the government simplified and lowered the tax burden, invested in infrastructure and encouraged innovation. In 2015 the furniture industries in Brazil expect to face stiff competition from Chinese manufacturers so plan to investment in innovation, advanced technology and training.

The Mato Grosso do Sul furniture sector comprises of 405 industries and employs almost 3,000 workers.