Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Greece - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Greece (CIF) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Greece (FOB) - 2023
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Greece
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Greece
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Greece (CIF) - 2023
In November 2023, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $65.8 per unit, rising by 11% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 14% m-o-m. As a result, import price attained the peak level of $85.6 per unit. From April 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($622 per unit), while the price for the Netherlands ($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 Germany (+15.8%), 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 Greece (FOB) - 2023
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $110 per unit in November 2023, with an increase of 16% against the previous month. Overall, the export price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 163% month-to-month. As a result, the export price reached the peak level of $245 per unit. From March 2023 to November 2023, the the average export prices remained at a somewhat 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 Germany ($536 per unit), while the average price for exports to Saudi Arabia ($27.3 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 Germany (+6.1%), 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 Greece
After three years of growth, purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -6% to 1.7M units in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. As a result, imports attained the peak of 1.8M units, and then dropped in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use expanded significantly to $122M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 20.1 | 18.6 | 22.9 | 16.1 | -7.1% |
| China | 10.9 | 12.2 | 18.5 | 14.6 | 10.2% |
| Bulgaria | 7.4 | 10.0 | 15.0 | 13.6 | 22.5% |
| Turkey | 6.1 | 4.6 | 11.9 | 11.0 | 21.7% |
| Romania | 3.1 | 2.1 | 2.7 | 10.2 | 48.7% |
| Poland | 8.0 | 8.1 | 8.1 | 8.3 | 1.2% |
| Indonesia | 3.1 | 1.7 | 2.7 | 5.2 | 18.8% |
| Germany | 1.9 | 2.7 | 3.4 | 5.0 | 38.1% |
| Malaysia | 3.2 | 4.3 | 4.1 | 4.2 | 9.5% |
| Lithuania | 1.5 | 0.8 | 0.3 | 3.5 | 32.6% |
| Serbia | 2.4 | 1.7 | 2.1 | 1.9 | -7.5% |
| Albania | 0.3 | 0.6 | 1.0 | 1.2 | 58.7% |
| Ukraine | 0.4 | 0.5 | 1.0 | 0.8 | 26.0% |
| Others | 17.2 | 14.3 | 18.7 | 26.0 | 14.8% |
| Total | 85.7 | 82.0 | 112 | 122 | 12.5% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Greece in 2022:
- Bulgaria (292.0K units)
- China (218.0K units)
- Romania (180.3K units)
- Poland (176.3K units)
- Turkey (169.5K units)
- Italy (116.3K units)
- Lithuania (101.4K units)
- Malaysia (99.6K units)
- Germany (51.8K units)
- Serbia (50.7K units)
- Indonesia (33.1K units)
- Albania (27.2K units)
- Ukraine (26.7K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Greece
In 2022, exports of furniture; wooden, other than for office, kitchen or bedroom use from Greece soared to 223K units, jumping by 18% on the previous year's figure. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. The exports peaked at 285K 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 skyrocketed to $36M in 2022. Over the period under review, total exports 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, exports increased by +79.3% against 2020 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 Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 6.4 | 5.6 | 7.1 | 8.4 | 9.5% |
| Netherlands | 0.2 | 0.3 | 2.1 | 4.9 | 190.4% |
| United States | 0.6 | 1.0 | 1.5 | 3.3 | 76.5% |
| Bulgaria | 1.1 | 1.3 | 1.5 | 2.1 | 24.1% |
| Qatar | N/A | 0.1 | 0.1 | 1.9 | 335.9% |
| Germany | 1.9 | 1.6 | 2.2 | 1.8 | -1.8% |
| Saudi Arabia | 0.7 | 0.9 | 1.6 | 1.7 | 34.4% |
| United Arab Emirates | 0.5 | 0.5 | 1.1 | 1.6 | 47.4% |
| France | 4.0 | 1.3 | 1.3 | 1.1 | -35.0% |
| Italy | 0.5 | 0.4 | 0.5 | 1.0 | 26.0% |
| United Kingdom | 1.2 | 1.6 | 0.6 | 0.9 | -9.1% |
| Romania | 1.1 | 0.7 | 0.7 | 0.8 | -10.1% |
| Spain | 0.4 | 0.2 | 0.3 | 0.3 | -9.1% |
| Others | 5.6 | 4.9 | 5.5 | 6.5 | 5.1% |
| Total | 24.3 | 20.3 | 26.2 | 36.4 | 14.4% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Greece in 2022:
- Cyprus (65.6K units)
- Bulgaria (23.5K units)
- Italy (20.0K units)
- Saudi Arabia (12.7K units)
- United States (10.9K units)
- Germany (9.4K units)
- France (9.0K units)
- Netherlands (8.2K units)
- Qatar (6.2K units)
- United Kingdom (5.0K units)
- United Arab Emirates (4.9K units)
- Romania (4.3K units)
- Spain (4.3K units)
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