ASEAN: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in ASEAN

The ASEAN wooden kitchen furniture market declined slightly to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, recorded a perceptible downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Kitchen Furniture Production in ASEAN

In value terms, wooden kitchen furniture production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wooden Kitchen Furniture Exports

Exports in ASEAN

After seven years of growth, overseas shipments of wooden furniture for kitchens decreased by X% to X units in 2022. Overall, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2021, and then fell rapidly in the following year.

In value terms, wooden kitchen furniture exports rose notably to $X in 2022. Over the period under review, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Vietnam (X units) and Malaysia (X units) prevails in exports structure, together creating X% of total exports. It was distantly followed by Thailand (X units), making up a X% share of total exports. The following exporters - Indonesia (X units) and Cambodia (X units) - each resulted at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Indonesia and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, picking up by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports in ASEAN

In 2022, supplies from abroad of wooden furniture for kitchens decreased by X% to X units, falling for the second year in a row after six years of growth. In general, imports, however, posted a resilient increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, wooden kitchen furniture imports declined markedly to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X units) represented the largest importer of wooden furniture for kitchens, mixing up X% of total imports. The Philippines (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%). Indonesia (X units) and Singapore (X units) held a minor share of total imports.

Malaysia was also the fastest-growing in terms of the wooden furniture for kitchens imports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%), the Philippines (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported wooden furniture for kitchens in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

In Malaysia, wooden kitchen furniture imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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