Outdoor Furniture - Suriname

Suriname

Highlights

In Suriname, the revenue generated in the Outdoor Furniture market in 2024 amounts to US$1.84m.
It is projected that the market will experience an annual growth rate of 4.44% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with US$18bn in 2024.
In terms of per capita income, the revenue per person in Suriname in 2024 is US$2.92.
The demand for outdoor furniture in Suriname is growing rapidly due to the country's lush tropical climate and increasing interest in outdoor living spaces.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Suriname is experiencing steady growth and development due to several factors. Customer preferences in Suriname are shifting towards outdoor living spaces, as people are increasingly looking to create comfortable and stylish outdoor areas for relaxation and entertainment. This trend is driven by the desire to make the most of the country's warm climate and beautiful natural surroundings. As a result, there is a growing demand for outdoor furniture that is durable, weather-resistant, and aesthetically pleasing. One of the key trends in the market is the increasing popularity of outdoor dining sets. Surinamese people enjoy dining outdoors, whether it's a casual family meal or a special occasion with friends. This has led to a surge in the demand for outdoor dining sets that can accommodate large groups of people and provide a comfortable and stylish dining experience. Another trend in the market is the growing interest in outdoor lounging and relaxation. Surinamese people are increasingly looking for outdoor furniture that allows them to unwind and enjoy the outdoors in comfort. This has led to a rise in the demand for outdoor sofas, lounge chairs, and hammocks. Additionally, there is a growing interest in outdoor furniture that incorporates elements of indoor comfort, such as cushions and upholstery. Local special circumstances in Suriname also contribute to the development of the Outdoor Furniture market. Suriname is known for its rich natural resources and biodiversity, which makes it an attractive destination for eco-tourism. As a result, there is a growing demand for outdoor furniture that is made from sustainable materials and is environmentally friendly. This has led to the emergence of local manufacturers and retailers that specialize in eco-friendly outdoor furniture. Underlying macroeconomic factors also play a role in the development of the Outdoor Furniture market in Suriname. The country's economy has been growing steadily in recent years, which has led to an increase in disposable income and consumer spending. As a result, people have more money to invest in their homes and outdoor spaces, including outdoor furniture. Additionally, the government of Suriname has been actively promoting tourism and the development of the hospitality industry, which has further fueled the demand for outdoor furniture. In conclusion, the Outdoor Furniture market in Suriname is experiencing growth and development due to changing

Customer preferences:

Local special circumstances: and

Underlying macroeconomic factors:. The demand for outdoor furniture that is durable, weather-resistant, and aesthetically pleasing is driving the market, with a particular focus on outdoor dining sets and outdoor lounging and relaxation. The country's rich natural resources and growing interest in eco-tourism have also contributed to the development of the market.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories 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.