Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Norway - 2024
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Norway (CIF) - 2024
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Norway (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Norway
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Norway
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Norway (CIF) - 2024
In January 2024, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $80.8 per unit, dropping by -9.4% against the previous month. Overall, the import price showed a mild downturn. The pace of growth was the most pronounced in September 2023 an increase of 16% month-to-month. The import price peaked at $103 per unit in June 2023; however, from July 2023 to January 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Lithuania ($142 per unit), while the price for Vietnam ($46.3 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Denmark (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Norway (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $126 per unit in 2022, dropping by -7.4% against the previous year. In general, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The export price peaked at $171 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($228 per unit), while the average price for exports to Poland ($65 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.9%), 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 Norway
After three years of growth, supplies from abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -2.5% to 3.5M units in 2022. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 8.5%. Imports peaked at 3.6M units in 2021, and then declined slightly in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use amounted to $317M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 45.4 | 48.6 | 58.2 | 62.7 | 11.4% |
| Denmark | 56.7 | 53.0 | 56.2 | 52.2 | -2.7% |
| China | 29.5 | 31.3 | 48.2 | 50.7 | 19.8% |
| Poland | 42.7 | 45.9 | 49.2 | 49.2 | 4.8% |
| Sweden | 31.7 | 27.7 | 29.0 | 29.7 | -2.1% |
| Italy | 19.8 | 15.8 | 13.2 | 12.0 | -15.4% |
| Germany | 7.3 | 4.8 | 5.9 | 7.5 | 0.9% |
| Others | 46.9 | 44.4 | 56.4 | 53.2 | 4.3% |
| Total | 280 | 271 | 316 | 317 | 4.2% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Norway in 2022:
- Poland (1004.6K units)
- China (731.7K units)
- Denmark (485.8K units)
- Lithuania (381.0K units)
- Sweden (374.9K units)
- Italy (120.9K units)
- Germany (62.1K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Norway
In 2022, after three years of growth, there was significant decline in shipments abroad of furniture; wooden, other than for office, kitchen or bedroom use, when their volume decreased by -13.5% to 79K units. The total export volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports attained the peak of 91K units, and then declined in the following year.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use dropped significantly to $9.9M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +34.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. As a result, the exports reached the peak of $12M, and then reduced dramatically in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 3,797 | 5,029 | 6,718 | 4,301 | 4.2% |
| United States | 865 | 508 | 1,386 | 1,081 | 7.7% |
| Germany | 311 | 360 | 348 | 615 | 25.5% |
| Denmark | 497 | 567 | 558 | 574 | 4.9% |
| Vietnam | 88.2 | 3.5 | 298 | 405 | 66.2% |
| United Kingdom | 276 | 176 | 195 | 334 | 6.6% |
| Finland | 274 | 147 | 487 | 318 | 5.1% |
| Thailand | 116 | 77.6 | 215 | 253 | 29.7% |
| Poland | 40.9 | 25.9 | 10.6 | 234 | 78.9% |
| China | 118 | 129 | 184 | 158 | 10.2% |
| Others | 1,012 | 1,575 | 1,970 | 1,634 | 17.3% |
| Total | 7,395 | 8,598 | 12,368 | 9,908 | 10.2% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Norway in 2022:
- Sweden (43.0K units)
- United States (8.6K units)
- Germany (4.3K units)
- Poland (3.6K units)
- Denmark (2.8K units)
- Thailand (2.4K units)
- United Kingdom (2.1K units)
- Vietnam (2.0K units)
- Finland (1.9K units)
- China (1.2K units)
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