According to the Brazilian High-end Furniture Manufacturers Association (ABIMAD) the expectation is that Brazil's furniture exports in 2016 will expand nearly 6% over 2015 levels. Although not a startling growth a growth, this should help enterprises in the sector to maintain profit levels through trade in high-end furniture, ITTO says.
According to ABIMAD exports to Argentina are likely to increase as the new government there tackles the economy. Argentina is an important destination for Brazilian furniture and an improvement in exports will greatly benefit Brazilian manufacturers who suffered because the economy in Argentina was weak.
In addition, recovery in the housing market in the United States is good news for Brazilian manufacturers. The US is historically a major buyer of Brazilian furniture. European countries are also on radar of furniture manufacturers and the expectation is that exports to the EU will grow in 2016.
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