Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Spain - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Spain (CIF) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Spain (FOB) - 2023
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Spain
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Spain
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Spain (CIF) - 2023
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $58.8 per unit in November 2023, remaining relatively unchanged against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 13% month-to-month. As a result, import price attained the peak level of $69.1 per unit. From May 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 Indonesia ($125 per unit), while the price for China ($62.9 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 Turkey (+3.7%), 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 Spain (FOB) - 2023
In November 2023, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $157 per unit, with an increase of 3% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 12% m-o-m. The export price peaked in November 2023.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Saudi Arabia ($405 per unit), while the average price for exports to Paraguay ($14.7 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 Saudi Arabia (+6.6%), 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 Spain
After three years of growth, overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use decreased by -3.7% to 11M units in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% 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 +52.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. Imports peaked at 12M units in 2021, and then shrank modestly in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use rose notably to $697M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, imports of reached 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 70.1 | 61.8 | 112 | 107 | 15.1% |
| Italy | 69.4 | 74.4 | 76.0 | 95.5 | 11.2% |
| Poland | 67.7 | 66.8 | 81.0 | 86.8 | 8.6% |
| France | 41.6 | 46.6 | 71.0 | 65.5 | 16.3% |
| Lithuania | 26.0 | 29.5 | 46.5 | 56.1 | 29.2% |
| Germany | 28.8 | 39.7 | 51.2 | 53.5 | 22.9% |
| Portugal | 56.7 | 53.5 | 65.5 | 50.9 | -3.5% |
| India | 9.5 | 12.9 | 19.5 | 25.4 | 38.8% |
| Vietnam | 17.7 | 18.2 | 20.4 | 25.1 | 12.3% |
| Denmark | 4.4 | 6.4 | 10.6 | 19.3 | 63.7% |
| Sweden | 8.9 | 10.5 | 14.1 | 12.3 | 11.4% |
| Romania | 3.4 | 3.3 | 5.5 | 11.0 | 47.9% |
| Others | 68.4 | 61.1 | 88.3 | 88.7 | 9.0% |
| Total | 473 | 485 | 661 | 697 | 13.8% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Spain in 2022:
- Italy (1930.2K units)
- Poland (1793.2K units)
- China (1350.3K units)
- Lithuania (1176.7K units)
- Germany (974.6K units)
- Portugal (930.1K units)
- Sweden (482.3K units)
- Denmark (391.5K units)
- France (379.9K units)
- India (247.3K units)
- Romania (236.8K units)
- Vietnam (236.8K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Spain
In 2022, the amount of furniture; wooden, other than for office, kitchen or bedroom use exported from Spain contracted to 4.7M units, falling by -7.5% compared with the previous year. In general, exports recorded a mild decrease. The growth pace was the most rapid in 2021 when exports increased by 23%. As a result, the exports attained the peak of 5.1M units, and then dropped in the following year.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use dropped slightly to $583M in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; 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 29% against the previous year. As a result, the exports reached the peak of $597M, and then shrank in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 135 | 151 | 185 | 160 | 5.8% |
| Portugal | 67.0 | 70.3 | 82.6 | 93.8 | 11.9% |
| Italy | 27.5 | 24.6 | 33.9 | 38.6 | 12.0% |
| United Kingdom | 29.4 | 26.2 | 33.8 | 35.9 | 6.9% |
| United States | 30.0 | 21.4 | 31.6 | 32.6 | 2.8% |
| Germany | 14.4 | 16.7 | 24.3 | 19.2 | 10.1% |
| Netherlands | 22.9 | 13.0 | 19.2 | 18.8 | -6.4% |
| Morocco | 10.9 | 11.0 | 17.6 | 18.7 | 19.7% |
| Chile | 1.0 | 1.3 | 2.9 | 8.4 | 103.3% |
| Others | 163 | 127 | 165 | 157 | -1.2% |
| Total | 500 | 462 | 597 | 583 | 5.3% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Spain in 2022:
- France (1417.5K units)
- Portugal (1354.1K units)
- Italy (274.9K units)
- Morocco (196.4K units)
- United Kingdom (159.4K units)
- United States (151.7K units)
- Chile (113.8K units)
- Germany (100.8K units)
- Netherlands (64.6K units)
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