Thailand: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Thailand

The Thai wooden furniture treatments market fell to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a perceptible descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in Thailand

In value terms, wooden furniture treatments production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable contraction. The growth pace was the most rapid in 2018 when the production volume increased by X%. Wooden furniture treatments production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Wooden Furniture Treatments Exports

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of polishes and creams for wooden furniture and floors, when their volume decreased by X% to X tons. Over the period under review, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wooden furniture treatments exports shrank significantly to $X in 2022. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons), Cambodia (X tons) and the Philippines (X tons) were the main destinations of wooden furniture treatments exports from Thailand, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wooden furniture treatments exported from Thailand were Cambodia ($X), Myanmar ($X) and the Philippines ($X), together comprising X% of total exports.

Among the main countries of destination, 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 average wooden furniture treatments export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price showed a remarkable increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Thailand

In 2022, overseas purchases of polishes and creams for wooden furniture and floors decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports shrank sharply to $X in 2022. Over the period under review, imports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of wooden furniture treatments to Thailand, with a X% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Thailand, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price showed a deep reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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