The real total consumer spending on household upkeep in Chile was forecast to increase between 2024 and 2029 by in total 638.6 million U.S. dollars (+4.66 percent). This overall increase does not happen continuously, notably not in 2029. The real spending on household upkeep is estimated to amount to 14.3 billion U.S. dollars in 2029. Consumer spending, in this case concerning furnishings, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP).The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.Find more key insights for the real total consumer spending on household upkeep in countries like Uruguay and Paraguay.

This statistic presents the number of hardware and construction stores in Chile from 2005 to 2015. In 2015, there were 4,901 hardware and construction stores in Chile, up from 4,476 a year earlier.

The real total consumer spending on household upkeep in Uruguay was forecast to continuously increase between 2024 and 2029 by in total 322.7 million U.S. dollars (+16.75 percent). After the ninth consecutive increasing year, the real spending on household upkeep is estimated to reach 2.2 billion U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case concerning furnishings, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP).The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.Find more key insights for the real total consumer spending on household upkeep in countries like Chile and Paraguay.

This report is the result of Conlumino’s extensive market research covering Chile Home Improvement. It provides detailed historic and forecast sales value of the market at category level. "Home Improvement in Chile: Market Snapshot to 2019" provides a top-level overview and detailed insight into the operating environment of Chile retail industry. It is an essential tool for companies active across Chile retail value chain and for new players considering entering the market. Read More

This statistic presents the expected compound annual growth rate (CAGR) of online retail sales in Colombia from 2017 to 2018, as well as a forecast thereof for the period 2017 to 2022, by category. The sources estimate that online retail sales of home improvement products will grow by around 1,231 percent between 2017 and 2022.

This statistic shows a ranking of the estimated real total consumer spending on furnishings, household equipment and routine maintenance of the house in 2020 in Latin America and the Caribbean, differentiated by country. Consumer spending here refers to the domestic demand of private households and non-profit institutions serving households (NPISHs) in the selected region. Spending by corporations or the state is not included. Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.The shown forecast is adjusted for the expected impact of the COVID-19 pandemic on the local economy. The impact has been estimated by considering both direct (e.g. because of restrictions on personal movement) and indirect (e.g. because of weakened purchasing power) effects. The impact assessment is subject to periodic review as more data becomes available.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

In 2020, the number of construction material retailers in Brazil operating through physical stores had the biggest market share in the industry. There were 135,513 businesses operating through physical stores, but only 6,715 operating through the internet, which was the second biggest segment. The number of retailers operating through online stores increased from around 274 in 2015 to 7,715 in 2020.

The real total consumer spending on household upkeep in Ecuador was forecast to continuously increase between 2024 and 2029 by in total 398.8 million U.S. dollars (+13.86 percent). After the ninth consecutive increasing year, the real spending on household upkeep is estimated to reach 3.3 billion U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case concerning furnishings, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP).The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.Find more key insights for the real total consumer spending on household upkeep in countries like Peru and Bolivia.

This statistic shows a ranking of the estimated total consumer spending on furnishings, household equipment and routine maintenance of the house in 2024 in Latin America and the Caribbean, differentiated by country. Consumer spending here refers to the domestic demand of private households and non-profit institutions serving households (NPISHs) in the selected region. Spending by corporations or the state is not included. Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP). The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data is shown in nominal terms, which means that monetary data is valued at prices of the respective year and has not been adjusted for inflation. For future years, the price level has been projected as well. The data has been converted from local currencies to US dollars using the average exchange rate of the respective year. For forecast years, the exchange rate has been projected as well. The timelines therefore incorporate currency effects.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

The real total consumer spending on household upkeep in Colombia was forecast to decrease between 2024 and 2029 by in total 829.5 million U.S. dollars (-6.48 percent). This overall decrease does not happen continuously, notably not in 2029. The real spending on household upkeep is estimated to amount to 12 billion U.S. dollars in 2029. Consumer spending, in this case concerning furnishings, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP).The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.

The real total consumer spending on household upkeep in Peru was forecast to continuously increase between 2024 and 2029 by in total 2.2 billion U.S. dollars (+13.7 percent). After the ninth consecutive increasing year, the real spending on household upkeep is estimated to reach 18.6 billion U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case concerning furnishings, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP).The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.Find more key insights for the real total consumer spending on household upkeep in countries like Ecuador and Bolivia.

The real total consumer spending on household upkeep in El Salvador was forecast to continuously increase between 2024 and 2029 by in total 147.4 million U.S. dollars (+15.11 percent). After the ninth consecutive increasing year, the real spending on household upkeep is estimated to reach 1.1 billion U.S. dollars and therefore a new peak in 2029. Consumer spending, in this case concerning furnishings, refers to the domestic demand of private households and non-profit institutions serving households (NPISHs). Spending by corporations and the state is not included. The forecast has been adjusted for the expected impact of COVID-19.Consumer spending is the biggest component of the gross domestic product as computed on an expenditure basis in the context of national accounts. The other components in this approach are consumption expenditure of the state, gross domestic investment as well as the net exports of goods and services. Consumer spending is broken down according to the United Nations' Classification of Individual Consumption By Purpose (COICOP).The shown data adheres broadly to group 05. As not all countries and regions report data in a harmonized way, all data shown here has been processed by Statista to allow the greatest level of comparability possible. The underlying input data are usually household budget surveys conducted by government agencies that track spending of selected households over a given period.The data has been converted from local currencies to US$ using the average constant exchange rate of the base year 2017. The timelines therefore do not incorporate currency effects. The data is shown in real terms which means that monetary data is valued at constant prices of a given base year (in this case: 2017). To attain constant prices the nominal forecast has been deflated with the projected consumer price index for the respective category.Find more key insights for the real total consumer spending on household upkeep in countries like Panama and Guatemala.

In 2023, S.A.C.I. Falabella had a total of 261 Sodimac home improvement stores in several Latin American countries. In Chile alone there were 86 stores of this type. Meanwhile, Peru was the second largest market for Falabella's home improvement store chain, followed closely by Brazil.

Chilean retailer S.A.C.I. Falabella generated a revenue of nearly 9.4 trillion Chilean pesos in 2023, marking a slight decrease from the previous year. The company has seen an overall increase in revenue over the time period recorded.

An overview of S.A.C.I. Falabella

Headquartered in the Chilean capital of Santiago, S.A.C.I. Falabella operates a diverse range of businesses ranging from retail to financial services and real estate, with a significant footprint in Latin America. The company’s portfolio includes home improvement business Sodimac, supermarket chain Tottus, and its eponymous Falabella department store chain, which is the largest department store in the region. The company also reached a franchise agreement with IKEA in 2018, which kick-started the introduction of the Swedish furniture retailer’s presence in Latin America.

In 2023, Falabella recorded a net profit of approximately 60 billion Chilean pesos and had over 83,000 people under its employment. The majority of these employees were part of the company’s home improvement sector, which employed over 36,200 people that year, while operating a total of 261 Sodimac home improvement stores across Latin America. The largest share of stores was located in Chile, with Peru and Brazil following in second and third place, respectively.

Chile’s furniture market

Chile’s furniture market recorded an estimated revenue of 4.77 billion U.S. dollars in 2023, a figure that is expected to follow an upwards trend and reach over 6.5 billion U.S. dollars in the next half-decade. While not exactly known for its furniture and home improvement industry – with metals and agricultural products featuring among its main exports – the South American country is ripe for opportunity. The Swedish furniture giant IKEA, which operates just three stores in South America, officially broke into the region in 2022 with its very first store located right in Santiago de Chile.

In 2023, Falabella, generated a net profit of over 60 billion Chilean pesos. The previous year, however, the company had a net profit of over 160 billion Chilean pesos. In terms of total income, the revenue of Falabella amounted to over nine trillion Chilean pesos in 2023.