Canada: Wooden Furniture Treatments Market 2023

Wooden Furniture Treatments Market Size in Canada

In 2021, the Canadian wooden furniture treatments market was finally on the rise to reach $X after two years of decline. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Wooden Furniture Treatments Production in Canada

In value terms, wooden furniture treatments production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 105% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Wooden Furniture Treatments Exports

Exports from Canada

In 2021, the amount of polishes and creams for wooden furniture and floors exported from Canada skyrocketed to X tons, growing by 60% on 2020. Over the period under review, exports, however, saw a noticeable shrinkage. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden furniture treatments exports dropped to $X in 2021. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 3.7% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main destinations of wooden furniture treatments exports from Canada, with a combined 95% share of total exports.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +411.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for wooden furniture treatments exports from Canada, comprising 82% of total exports. The second position in the ranking was held by Poland ($X), with a 7.3% share of total exports. It was followed by Japan, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+317.4% per year) and Japan (+126.0% per year).

Export Prices by Country

In 2021, the average wooden furniture treatments export price amounted to $X per ton, reducing by -42.5% against the previous year. Overall, the export price showed a slight contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 25% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Canada

After six years of decline, supplies from abroad of polishes and creams for wooden furniture and floors increased by 13% to X tons in 2021. Over the period under review, imports, however, showed a perceptible shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports soared to $X in 2021. In general, imports, however, continue to indicate a slight contraction. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest wooden furniture treatments supplier to Canada, accounting for a 88% share of total imports. Moreover, wooden furniture treatments imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+14.3% per year) and China (+2.0% per year).

In value terms, the United States ($X) constituted the largest supplier of wooden furniture treatments to Canada, comprising 88% of total imports. The second position in the ranking was taken by Belgium ($X), with a 6.3% share of total imports. It was followed by China, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+17.5% per year) and China (+4.9% per year).

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2021, growing by 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2020 an increase of 8.7% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the United States ($X per ton) and Germany ($X per ton), while the price for China ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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