Eastern Asia: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Eastern Asia

The East Asian wooden furniture treatments market rose to $X in 2022, growing by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Wooden Furniture Treatments Production in Eastern Asia

In value terms, wooden furniture treatments production stood at $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

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Wooden Furniture Treatments Exports

Exports in Eastern Asia

In 2022, overseas shipments of polishes and creams for wooden furniture and floors decreased by X% to X tons, falling for the third year in a row after four years of growth. In general, exports continue to indicate a slight decrease. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden furniture treatments exports dropped to $X in 2022. Over the period under review, exports, however, saw a slight increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Hong Kong SAR (X tons) took the second position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together took near X% share of total exports. Japan (X tons) held a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of polishes and creams for wooden furniture and floors. Japan experienced a relatively flat trend pattern. Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and Hong Kong SAR saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden furniture treatments supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In China, wooden furniture treatments exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments export price increased by X% against 2017 indices. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Japan ($X per ton) and Hong Kong SAR ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Wooden Furniture Treatments Imports

Imports in Eastern Asia

In 2022, approx. X tons of polishes and creams for wooden furniture and floors were imported in Eastern Asia; growing by X% compared with the previous year. Overall, imports, however, showed a mild descent. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports contracted slightly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China represented the major importing country with an import of about X tons, which resulted at X% of total imports. Hong Kong SAR (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%), Japan (X%) and Taiwan (Chinese) (X%).

Imports into China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polishes and creams for wooden furniture and floors in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

In China, wooden furniture treatments imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then fell notably in the following year.

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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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