United Kingdom: Wooden Furniture Treatments Market 2023

Wooden Furniture Treatments Market Size in the UK

The UK wooden furniture treatments market declined to $X in 2021, leveling off at the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Wooden furniture treatments consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in the UK

In value terms, wooden furniture treatments production rose slightly to $X in 2021 estimated in export price. In general, production, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2014 when the production volume increased by 112% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from the UK

Wooden furniture treatments exports from the UK contracted to X tons in 2021, falling by -11.5% on the year before. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by 6.1% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden furniture treatments exports expanded notably to $X in 2021. Overall, exports showed a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for wooden furniture treatments exports from the UK, with a 28% share of total exports. Moreover, wooden furniture treatments exports to Ireland exceeded the volume sent to the second major destination, Kuwait (X tons), threefold. Australia (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland amounted to -14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+18.2% per year) and Australia (+14.6% per year).

In value terms, the largest markets for wooden furniture treatments exported from the UK were Ireland ($X), the United States ($X) and Spain ($X), together comprising 45% of total exports. These countries were followed by China, Kuwait, the United Arab Emirates, Australia, Poland, Germany, Saudi Arabia, Jordan, Egypt and Norway, which together accounted for a further 33%.

Jordan, with a CAGR of +49.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wooden furniture treatments export price amounted to $X per ton, jumping by 28% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +10.2% 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 +139.0% against 2012 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into the UK

In 2021, after two years of growth, there was significant decline in overseas purchases of polishes and creams for wooden furniture and floors, when their volume decreased by -16.3% to X tons. Overall, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of 74%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports dropped notably to $X in 2021. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 36% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of wooden furniture treatments to the UK, with a 71% share of total imports. Moreover, wooden furniture treatments imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X tons), eightfold. France (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+22.2% per year) and France (-5.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of wooden furniture treatments to the UK, comprising 50% of total imports. The second position in the ranking was taken by France ($X), with an 18% share of total imports. It was followed by Germany, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.2% per year) and Germany (-1.4% per year).

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2021, waning by -6.8% against the previous year. Over the period under review, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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