Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Denmark - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Denmark (FOB) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Denmark (CIF) - 2023
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Denmark
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Denmark
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Denmark (FOB) - 2023
In November 2023, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $146 per unit, falling by -4% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 19% against the previous month. As a result, the export price attained the peak level of $186 per unit. From May 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was the United States ($304 per unit), while the average price for exports to the UK ($121 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Denmark (CIF) - 2023
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $76.6 per unit in November 2023, rising by 6.2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 38% against the previous month. The import price peaked at $94.1 per unit in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Bosnia and Herzegovina ($177 per unit), while the price for Ukraine ($50.0 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Denmark
In 2022, exports of furniture; wooden, other than for office, kitchen or bedroom use from Denmark fell to 3.8M units, waning by -8.3% against 2021. Overall, exports continue to indicate a abrupt shrinkage. The smallest decline of -4.9% was in 2021. The exports peaked at 7.2M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use fell to $506M in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 25%. As a result, the exports attained the peak of $545M, and then dropped in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 101 | 102 | 107 | 91.3 | -3.3% |
| Germany | 82.2 | 76.3 | 91.0 | 83.9 | 0.7% |
| Sweden | 34.9 | 35.9 | 51.8 | 47.5 | 10.8% |
| United States | 22.8 | 30.0 | 36.2 | 33.5 | 13.7% |
| United Kingdom | 27.1 | 22.5 | 33.0 | 30.3 | 3.8% |
| Netherlands | 28.6 | 28.0 | 29.6 | 29.5 | 1.0% |
| France | 31.9 | 19.8 | 28.0 | 23.9 | -9.2% |
| Ireland | 5.2 | 7.4 | 12.4 | 14.8 | 41.7% |
| Belgium | 10.3 | 10.5 | 14.3 | 14.0 | 10.8% |
| Poland | 6.5 | 7.6 | 10.7 | 12.4 | 24.0% |
| Finland | 10.6 | 10.3 | 14.7 | 11.1 | 1.5% |
| Bulgaria | 0.3 | 0.9 | 2.0 | 2.0 | 88.2% |
| Others | 86.4 | 83.6 | 114 | 111 | 8.7% |
| Total | 448 | 435 | 545 | 506 | 4.1% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Denmark in 2022:
- Norway (675.7K units)
- Germany (570.1K units)
- Netherlands (424.9K units)
- Ireland (294.3K units)
- United Kingdom (255.1K units)
- Poland (247.3K units)
- Sweden (206.4K units)
- Belgium (194.8K units)
- France (126.1K units)
- United States (112.2K units)
- Bulgaria (57.6K units)
- Finland (43.1K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Denmark
In 2022, overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use decreased by -12.6% to 4.7M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 73% against the previous year. Over the period under review, imports of reached the maximum at 5.4M units in 2021, and then fell in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use reduced slightly to $357M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +49.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, imports reached the peak of $362M, and then dropped modestly in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 50.3 | 66.1 | 78.4 | 76.4 | 14.9% |
| China | 33.3 | 34.8 | 56.9 | 55.9 | 18.8% |
| Sweden | 45.0 | 48.9 | 48.9 | 51.9 | 4.9% |
| Lithuania | 18.8 | 22.2 | 30.8 | 29.5 | 16.2% |
| Latvia | 6.2 | 12.5 | 16.2 | 22.7 | 54.1% |
| Germany | 23.5 | 19.4 | 28.9 | 19.3 | -6.4% |
| Vietnam | 7.0 | 6.8 | 8.5 | 9.2 | 9.5% |
| Romania | 6.2 | 5.8 | 7.4 | 8.2 | 9.8% |
| Ukraine | 3.4 | 5.3 | 8.7 | 7.2 | 28.4% |
| Italy | 5.6 | 7.5 | 8.0 | 7.1 | 8.2% |
| Malaysia | 2.9 | 2.8 | 3.3 | 4.8 | 18.3% |
| Others | 35.9 | 42.1 | 66.5 | 64.5 | 21.6% |
| Total | 238 | 274 | 362 | 357 | 14.5% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Denmark in 2022:
- Poland (1550.7K units)
- Sweden (954.2K units)
- China (586.4K units)
- Lithuania (368.0K units)
- Italy (168.8K units)
- Ukraine (162.8K units)
- Germany (151.2K units)
- Latvia (138.8K units)
- Romania (85.6K units)
- Malaysia (76.1K units)
- Vietnam (60.8K units)
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