Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Finland - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Finland (CIF) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Finland (FOB) - 2023
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Finland
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Finland
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Finland (CIF) - 2023
In November 2023, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $94.8 per unit, growing by 3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 11% m-o-m. As a result, import price reached the peak level of $98.0 per unit. From May 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Indonesia ($157 per unit), while the price for Kosovo ($11.5 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 Lithuania (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Finland (FOB) - 2023
In November 2023, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $196 per unit, approximately reflecting the previous month. Over the last eleven-month period, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in October 2023 an increase of 38% month-to-month. As a result, the export price reached the peak level of $199 per unit, and then dropped modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($2,190 per unit), while the average price for exports to Gambia ($23.2 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 New Zealand (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Finland
In 2022, after three years of growth, there was decline in purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use, when their volume decreased by -2.8% to 1.5M units. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 22% against the previous year. Imports peaked at 1.6M units in 2021, and then shrank slightly in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use amounted to $135M in 2022. The total import value increased at an average annual rate of +9.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 25.3 | 26.1 | 27.4 | 37.3 | 13.8% |
| Sweden | 13.3 | 34.8 | 25.0 | 28.5 | 28.9% |
| Poland | 15.3 | 13.9 | 23.7 | 23.7 | 15.7% |
| Denmark | 8.3 | 8.1 | 10.6 | 10.5 | 8.2% |
| Lithuania | 7.9 | 3.1 | 11.9 | 10.4 | 9.6% |
| Germany | 1.8 | 5.4 | 5.0 | 5.3 | 43.3% |
| China | 9.9 | 2.3 | 4.6 | 4.6 | -22.5% |
| Others | 21.3 | 9.5 | 11.9 | 14.9 | -11.2% |
| Total | 103 | 103 | 120 | 135 | 9.4% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Finland in 2022:
- Poland (454.4K units)
- Sweden (328.3K units)
- Estonia (314.3K units)
- Lithuania (175.9K units)
- Denmark (58.0K units)
- China (42.1K units)
- Germany (41.4K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Finland
In 2022, shipments abroad of furniture; wooden, other than for office, kitchen or bedroom use was finally on the rise to reach 131K units after two years of decline. Overall, exports, however, showed a abrupt shrinkage. The exports peaked at 205K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use soared to $21M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.5% against 2019 indices. 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 Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.8 | 5.6 | 6.5 | 8.3 | 20.0% |
| Estonia | 0.6 | 0.6 | 0.8 | 2.0 | 49.4% |
| United States | 0.8 | 1.0 | 1.1 | 1.4 | 20.5% |
| Norway | 2.7 | 1.7 | 1.3 | 1.3 | -21.6% |
| Germany | 1.1 | 1.5 | 1.0 | 1.1 | 0.0% |
| Latvia | 0.7 | 0.5 | 0.7 | 0.4 | -17.0% |
| Russia | 0.5 | 0.4 | 0.3 | 0.4 | -7.2% |
| Others | 1.6 | 2.8 | 3.9 | 5.6 | 51.8% |
| Total | 12.9 | 14.1 | 15.7 | 20.6 | 16.9% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Finland in 2022:
- Sweden (80.3K units)
- Estonia (15.5K units)
- Latvia (6.7K units)
- Norway (6.5K units)
- Germany (4.8K units)
- Russia (2.2K units)
- United States (1.4K units)
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