Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Saudi Arabia - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Saudi Arabia (FOB) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Saudi Arabia
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Saudi Arabia (FOB) - 2022
In 2021, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $39 per unit, dropping by -23.5% against the previous year. In general, the export price saw a abrupt decrease. The growth pace was the most rapid in 2015 when the average export price increased by 89% against the previous year. As a result, the export price reached the peak level of $142 per unit. From 2016 to 2021, the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were the UK ($68 per unit) and Oman ($68 per unit), while the average price for exports to Bahrain ($68 per unit) and the United Arab Emirates ($68 per unit) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+4.4%), while the prices for the other major destinations experienced a decline.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Saudi Arabia
In 2022, overseas shipments of furniture; wooden, other than for office, kitchen or bedroom use decreased by -43.6% to 48K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 218%. As a result, the exports reached the peak of 86K units, and then contracted significantly in the following year.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use declined dramatically to $2.7M in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 144% against the previous year. As a result, the exports attained the peak of $3.4M, and then declined remarkably in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 129 | 728 | 870 | 159.7% | |
| Bahrain | 442 | 285 | 267 | -22.3% | |
| Kuwait | 7.8 | 41.6 | 49.4 | 151.7% | |
| United Kingdom | N/A | 25.6 | 23.0 | -10.2% | |
| Oman | 37.9 | 136 | 19.7 | -27.9% | |
| Italy | N/A | 5.6 | 11.6 | 107.1% | |
| Spain | N/A | 56.5 | N/A | 0% | |
| Switzerland | N/A | 34.2 | N/A | 0% | |
| Egypt | 3.9 | 21.8 | N/A | 459.0% | |
| United States | N/A | 8.1 | N/A | 0% | |
| Others | 21.9 | 36.6 | 2,118 | 883.4% | |
| Total | 642 | 1,379 | 3,359 | 128.7% | |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Saudi Arabia in 2022:
- United Arab Emirates (12.8K units)
- Bahrain (3.9K units)
- Kuwait (0.7K units)
- Oman (0.3K units)
- United Kingdom (0.3K units)
- Italy (0.2K units)
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