Kitchen & Dining Furniture - Suriname

Suriname

In Suriname, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$1.87m.
It is projected that the market will experience an annual growth rate of 3.95% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in terms of revenue, generating US$38,810m in 2024.
Taking into consideration the total population, per person revenues of US$2.98 are generated in 2024.
"The demand for locally handcrafted wooden dining tables is on the rise in Suriname, reflecting a growing preference for traditional craftsmanship and sustainable materials."

Key regions: Canada, United Kingdom, Brazil, Germany, India

Market

Region

Region comparison

Currency

Analyst Opinion

The Kitchen & Dining Furniture market in Suriname is experiencing significant growth and development. Customer preferences in Suriname have shifted towards modern and stylish kitchen and dining furniture. Consumers are increasingly looking for furniture that not only serves its functional purpose but also enhances the overall aesthetic appeal of their homes. This trend can be attributed to the growing influence of global design trends and the increasing disposable income of consumers in Suriname. Trends in the market indicate a rising demand for space-saving furniture solutions. With urbanization and limited living spaces becoming a common phenomenon in Suriname, consumers are seeking furniture that is compact and multifunctional. This trend is driven by the need to optimize space utilization in smaller homes and apartments. Additionally, the popularity of open-plan living spaces has also contributed to the demand for versatile kitchen and dining furniture that can seamlessly integrate with the overall interior design. Local special circumstances in Suriname, such as the tropical climate and the prevalence of natural materials, have also influenced the development of the Kitchen & Dining Furniture market. Consumers in Suriname often prefer furniture made from sustainable materials such as bamboo or rattan, which are not only durable but also blend well with the natural surroundings. The use of these materials also reflects the cultural heritage and traditional craftsmanship of Suriname. Underlying macroeconomic factors have played a significant role in the growth of the Kitchen & Dining Furniture market in Suriname. The country's stable economic growth, coupled with a rising middle class, has resulted in increased purchasing power and consumer spending. As a result, consumers are willing to invest in high-quality kitchen and dining furniture that offers both functionality and style. Furthermore, the growth of the real estate sector and the increasing number of residential projects have also contributed to the demand for kitchen and dining furniture. In conclusion, the Kitchen & Dining Furniture market in Suriname is witnessing a surge in demand due to changing

Customer preferences: the need for space-saving solutions,

Local special circumstances: and favorable macroeconomic factors. As the market continues to evolve, it is essential for businesses to adapt to these trends and cater to the evolving needs of consumers in Suriname.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.