Eastern Europe: Wooden Frame Market 2024

Wooden Frame Market Size in Eastern Europe

In 2022, the East European wooden frame market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Wooden Frame Production in Eastern Europe

In value terms, wooden frame production totaled $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wooden Frame Exports

Exports in Eastern Europe

In 2022, approx. X units of wooden frames for paintings, photographs, mirrors or similar objects were exported in Eastern Europe; reducing by X% against the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, wooden frame exports contracted slightly to $X in 2022. In general, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Poland prevails in exports structure, amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Latvia (X units), comprising an X% share of total exports. Estonia (X units), Slovakia (X units), Hungary (X units) and the Czech Republic (X units) took a relatively small share of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%), Latvia (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Estonia (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Latvia (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Estonia (X p.p.) and 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 ($X) remains the largest wooden frame supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Latvia (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, picking up by X% against the previous year. Export price indicated a perceptible 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 frame export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 the Czech Republic ($X per unit), while Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Wooden Frame Imports

Imports in Eastern Europe

After five years of growth, overseas purchases of wooden frames for paintings, photographs, mirrors or similar objects decreased by X% to X units in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, wooden frame imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Poland (X units), distantly followed by the Czech Republic (X units), Hungary (X units), Russia (X units), Romania (X units), Slovakia (X units) and Bulgaria (X units) were the key importers of wooden frames for paintings, photographs, mirrors or similar objects, together committing X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), with a combined X% share of total imports. Romania, Russia, Slovakia and Bulgaria lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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