Australia and Oceania: Market for Furnishing Articles, Furniture and Cushion Covers 2024

Market Size for Furnishing Articles, Furniture and Cushion Covers in Australia and Oceania

The market for furnishing articles, furniture and cushion covers in Australia and Oceania fell modestly to $X in 2023, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Furnishing Articles, Furniture and Cushion Covers in Australia and Oceania

In value terms, production of furnishing articles, furniture and cushion covers dropped to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports in Australia and Oceania

In 2023, approx. X tons of furnishing articles, furniture and cushion covers were exported in Australia and Oceania; surging by X% against 2022. Overall, exports showed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of furnishing articles, furniture and cushion covers dropped to $X in 2023. In general, exports recorded pronounced growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Australia (X tons) was the key exporter of furnishing articles, furniture and cushion covers, generating X% of total exports. It was distantly followed by New Zealand (X tons), generating a X% share of total exports.

Australia was also the fastest-growing in terms of the furnishing articles, furniture and cushion covers exports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) remains the largest furnishing article, furniture and cushion cover supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

In Australia, exports of furnishing articles, furniture and cushion covers expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, declining by X% against the previous year. In general, the export price saw a mild setback. The growth pace was the most rapid in 2022 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports in Australia and Oceania

In 2023, overseas purchases of furnishing articles, furniture and cushion covers decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, imports of furnishing articles, furniture and cushion covers dropped dramatically to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2023, Australia (X tons) was the key importer of furnishing articles, furniture and cushion covers, generating X% of total imports. It was distantly followed by New Zealand (X tons), generating a X% share of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2023. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported furnishing articles, furniture and cushion covers in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports.

In Australia, imports of furnishing articles, furniture and cushion covers remained relatively stable over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for furnishing articles, furniture and cushion covers increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform