Eastern Europe: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Eastern Europe

The East European metal domestic furniture market rose rapidly to $X in 2023, growing by X% against the previous year. The total consumption indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Metal Domestic Furniture Production in Eastern Europe

In value terms, metal domestic furniture production fell to $X in 2023 estimated in export price. The total production indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2022, and then reduced in the following year.

Metal Domestic Furniture Exports

Exports in Eastern Europe

In 2023, shipments abroad of metal furniture decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total exports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal domestic furniture exports expanded remarkably to $X in 2023. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Poland represented the key exporter of metal furniture in Eastern Europe, with the volume of exports reaching X tons, which was approx. X% of total exports in 2023. The Czech Republic (X tons) ranks second in terms of the total exports with a X% share, followed by Slovakia (X%), Bulgaria (X%) and Romania (X%). The following exporters - Lithuania (X tons) and Russia (X tons) - each amounted to an X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to metal domestic furniture exports from Poland stood at X%. At the same time, Russia (X%), Slovakia (X%), Lithuania (X%), Romania (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.) and Slovakia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), the Czech Republic ($X) and Lithuania ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Poland, with a CAGR of X%, saw the highest growth rate of 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

The export price in Eastern Europe stood at $X per ton in 2023, increasing by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal domestic furniture export price increased by X% against 2015 indices. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports in Eastern Europe

In 2023, the amount of metal furniture imported in Eastern Europe totaled X tons, growing by X% on the previous year. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, metal domestic furniture imports expanded modestly to $X in 2023. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Poland (X tons) was the main importer of metal furniture, generating X% of total imports. Russia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Romania (X%), the Czech Republic (X%), Hungary (X%) and Bulgaria (X%). Slovakia (X tons) held a relatively small share of total imports.

Imports into Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, Bulgaria (X%), Hungary (X%), Romania (X%), Slovakia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Russia (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Bulgaria (X p.p.), Romania (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Czech Republic (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported metal furniture in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Poland amounted to X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then fell in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Hungary ($X per ton), while Bulgaria ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform