Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Canada - 2024
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Canada (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Canada (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Canada
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Canada
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Canada (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $93 per unit, surging by 2.6% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 6.1% against the previous year. Over the period under review, average import prices attained the peak figure at $117 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($93 per unit) and India ($93 per unit), while the price for Italy ($93 per unit) and Mexico ($93 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-2.2%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Canada (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $75 per unit in 2022, rising by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2018 an increase of 50% against the previous year. As a result, the export price attained the peak level of $97 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.0% per year.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Canada
After three years of growth, purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -1.1% to 8.7M units in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. Imports peaked at 8.8M units in 2021, and then shrank in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use stood at $810M in 2022. The total import value increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 213 | 213 | 292 | 272 | 8.5% |
| Vietnam | 97.9 | 119 | 161 | 150 | 15.3% |
| United States | 100 | 63.3 | 69.4 | 74.3 | -9.4% |
| Italy | 51.2 | 43.8 | 49.8 | 56.0 | 3.0% |
| Poland | 31.3 | 36.3 | 46.0 | 45.8 | 13.5% |
| India | 18.1 | 17.0 | 28.4 | 33.4 | 22.7% |
| Malaysia | 19.1 | 22.5 | 25.6 | 30.9 | 17.4% |
| Indonesia | 14.2 | 16.9 | 22.6 | 25.3 | 21.2% |
| Lithuania | 7.7 | 7.2 | 10.8 | 17.0 | 30.2% |
| Others | 75.3 | 78.4 | 93.5 | 105 | 11.7% |
| Total | 627 | 617 | 799 | 810 | 8.9% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Canada in 2022:
- China (2921.5K units)
- Vietnam (1608.3K units)
- United States (797.1K units)
- Italy (600.9K units)
- Poland (491.1K units)
- India (358.6K units)
- Malaysia (331.1K units)
- Indonesia (271.5K units)
- Lithuania (182.3K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Canada
In 2022, exports of furniture; wooden, other than for office, kitchen or bedroom use from Canada expanded markedly to 6M units, increasing by 5.4% on the year before. In general, exports, however, recorded a slight setback. The exports peaked at 6.3M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use surged to $455M in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 387 | 302 | 365 | 443 | 4.6% |
| Others | 9.0 | 5.5 | 6.7 | 11.8 | 9.4% |
| Total | 396 | 308 | 372 | 455 | 4.7% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Canada in 2022:
- United States (5.9M units)
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