South-Eastern Asia: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in South-Eastern Asia

The Southeast Asian wooden kitchen furniture market fell slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Kitchen Furniture Production in South-Eastern Asia

In value terms, wooden kitchen furniture production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Wooden Kitchen Furniture Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of wooden furniture for kitchens decreased by X% to X units for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2021, and then dropped rapidly in the following year.

In value terms, wooden kitchen furniture exports rose significantly to $X in 2022. In general, exports, however, recorded strong growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Vietnam (X units) and Malaysia (X units) dominates exports structure, together comprising X% of total exports. It was distantly followed by Thailand (X units), committing a X% share of total exports. The following exporters - Indonesia (X units) and Cambodia (X units) - each resulted at a X% share of total exports.

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

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Indonesia and Cambodia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to 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 South-Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Vietnam ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Wooden Kitchen Furniture Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of wooden furniture for kitchens decreased by X% to X units, falling for the second year in a row after six years of growth. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden kitchen furniture imports fell sharply to $X in 2022. In general, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X units) was the largest importer of wooden furniture for kitchens, comprising X% of total imports. It was distantly followed by the Philippines (X units) and Thailand (X units), together committing a X% share of total imports. Indonesia (X units) and Singapore (X units) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the wooden furniture for kitchens imports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%), the Philippines (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.), the Philippines (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported wooden furniture for kitchens in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by Thailand, with an X% share.

In Malaysia, wooden kitchen furniture 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: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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