EU: Wooden Furniture Treatments Market 2023

Wooden Furniture Treatments Market Size in the EU

In 2021, the EU wooden furniture treatments market increased by 40% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wooden Furniture Treatments Production in the EU

In value terms, wooden furniture treatments production surged to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wooden Furniture Treatments Exports

Exports in the EU

In 2021, shipments abroad of polishes and creams for wooden furniture and floors increased by 7.6% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports, however, saw a pronounced curtailment. The growth pace was the most rapid in 2020 when exports increased by 25%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, wooden furniture treatments exports expanded notably to $X in 2021. Total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.0% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons), distantly followed by Italy (X tons), Portugal (X tons) and Germany (X tons) were the key exporters of polishes and creams for wooden furniture and floors, together achieving 79% of total exports. Hungary (X tons), Denmark (X tons), the Czech Republic (X tons), Spain (X tons), Belgium (X tons), Poland (X tons) and France (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal (with a CAGR of +50.4%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest wooden furniture treatments supplier in the European Union, comprising 42% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 20% share of total exports. It was followed by Denmark, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in Italy totaled +20.9%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (-4.3% per year) and Denmark (+4.2% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden furniture treatments export price increased by +22.5% against 2017 indices. The growth pace was the most rapid in 2020 when the export price increased by 32% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+17.8%), while the other leaders experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports in the EU

In 2021, purchases abroad of polishes and creams for wooden furniture and floors increased by 4.5% to X tons, rising for the third consecutive year after four years of decline. Overall, imports, however, recorded a slight decrease. The pace of growth was the most pronounced in 2014 when imports increased by 17%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, wooden furniture treatments imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 28%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, France (X tons), distantly followed by Poland (X tons), Italy (X tons), Spain (X tons), Germany (X tons), Romania (X tons), Belgium (X tons) and Portugal (X tons) represented the key importers of polishes and creams for wooden furniture and floors, together making up 79% of total imports. Austria (X tons), the Netherlands (X tons), Slovakia (X tons), Hungary (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Slovakia (with a CAGR of +4.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 38% of total imports.

Among the main importing countries, Poland, with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2016 an increase of 20% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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