Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Turkey - 2024
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Turkey (FOB) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Turkey (CIF) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Turkey
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Turkey
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Turkey (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $75 per unit, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2018 an increase of 50%. As a result, the export price attained the peak level of $97 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($75 per unit) and Romania ($75 per unit), while the average price for exports to Nigeria ($75 per unit) and Morocco ($75 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Turkey (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $102 per unit, dropping by -6.2% against the previous year. In general, the import price recorded a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 25%. Over the period under review, average import prices hit record highs at $117 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Romania ($102 per unit) and Spain ($102 per unit), while the price for the Czech Republic ($102 per unit) and China ($102 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Turkey
In 2022, approx. 9.2M units of furniture; wooden, other than for office, kitchen or bedroom use were exported from Turkey; increasing by 5.6% on the year before. The total export volume increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 30%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use soared to $697M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.8% 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 +63.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 63.5 | 55.8 | 72.0 | 66.7 | 1.7% |
| United States | 12.0 | 24.7 | 42.7 | 56.8 | 67.9% |
| Germany | 19.1 | 24.0 | 35.9 | 42.0 | 30.0% |
| Qatar | 22.9 | 21.0 | 23.3 | 40.9 | 21.3% |
| Israel | 21.8 | 28.0 | 40.9 | 40.2 | 22.6% |
| United Kingdom | 20.5 | 20.3 | 32.3 | 30.2 | 13.8% |
| Libya | 29.7 | 18.4 | 29.6 | 28.8 | -1.0% |
| France | 13.1 | 18.5 | 29.1 | 27.2 | 27.6% |
| United Arab Emirates | 16.1 | 12.4 | 20.5 | 21.3 | 9.8% |
| Uzbekistan | 6.0 | 3.0 | 6.2 | 18.5 | 45.5% |
| Nigeria | 7.3 | 7.8 | 9.8 | 13.9 | 23.9% |
| Morocco | 7.0 | 9.2 | 12.3 | 13.3 | 23.9% |
| Romania | 6.3 | 8.1 | 11.8 | 13.0 | 27.3% |
| Others | 181 | 189 | 230 | 284 | 16.2% |
| Total | 426 | 440 | 597 | 697 | 17.8% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Turkey in 2022:
- Iraq (883.9K units)
- United States (752.3K units)
- Germany (557.0K units)
- Qatar (541.9K units)
- Israel (532.6K units)
- United Kingdom (400.4K units)
- Libya (382.2K units)
- France (360.3K units)
- United Arab Emirates (282.8K units)
- Uzbekistan (244.7K units)
- Nigeria (183.7K units)
- Morocco (176.4K units)
- Romania (172.7K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Turkey
In 2022, the amount of furniture; wooden, other than for office, kitchen or bedroom use imported into Turkey soared to 616K units, jumping by 51% on 2021 figures. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use surged to $63M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 +62.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 9.8 | 8.9 | 7.6 | 11.8 | 6.4% |
| Italy | 9.7 | 7.1 | 8.4 | 9.1 | -2.1% |
| Lithuania | 3.0 | 2.3 | 4.1 | 7.8 | 37.5% |
| Germany | 3.4 | 2.1 | 4.2 | 5.1 | 14.5% |
| China | 3.3 | 3.4 | 3.5 | 3.3 | 0.0% |
| Slovakia | 1.5 | 1.6 | 1.1 | 3.0 | 26.0% |
| Portugal | 0.5 | 0.2 | 0.2 | 2.7 | 75.4% |
| Vietnam | 1.4 | 1.7 | 1.8 | 2.5 | 21.3% |
| Indonesia | 0.8 | 0.6 | 1.0 | 2.2 | 40.1% |
| Sweden | 1.8 | 2.3 | 1.6 | 2.0 | 3.6% |
| Spain | 2.6 | 0.4 | 2.0 | 1.7 | -13.2% |
| Czech Republic | 0.5 | 0.7 | 0.6 | 1.4 | 40.9% |
| Romania | 1.1 | 1.1 | 1.2 | 1.2 | 2.9% |
| Others | 9.4 | 6.5 | 7.1 | 9.2 | -0.7% |
| Total | 48.8 | 38.9 | 44.4 | 63.0 | 8.9% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Turkey in 2022:
- Poland (115.8K units)
- Italy (89.1K units)
- Lithuania (76.5K units)
- Germany (49.5K units)
- China (32.3K units)
- Slovakia (29.3K units)
- Portugal (26.7K units)
- Vietnam (24.2K units)
- Indonesia (21.2K units)
- Sweden (19.2K units)
- Spain (16.2K units)
- Czech Republic (13.8K units)
- Romania (12.1K units)
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