Global Wooden Furniture Treatments Market 2023

Wooden Furniture Treatments Market Size

In 2021, after four years of decline, there was growth in the global wooden furniture treatments market, when its value increased by 4.9% to $X. Overall, consumption, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 with an increase of 6.2% against the previous year. Global consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wooden Furniture Treatments Production

In value terms, wooden furniture treatments production expanded modestly to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible reduction. The growth pace was the most rapid in 2016 with an increase of 9.1%. Global production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wooden Furniture Treatments Exports

Exports

In 2021, overseas shipments of polishes and creams for wooden furniture and floors increased by 2.9% to X tons, rising for the fourth year in a row after five years of decline. In general, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 13% against the previous year. The global exports 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 amounted to $X in 2021. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 33% against the previous year. The global exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, the Netherlands (X tons), distantly followed by Italy (X tons), the United States (X tons) and Portugal (X tons) were the key exporters of polishes and creams for wooden furniture and floors, together creating 58% of total exports. China (X tons), Germany (X tons), South Africa (X tons), Hungary (X tons), Saudi Arabia (X tons), Turkey (X tons), the UK (X tons), Denmark (X tons) and the Czech Republic (X tons) took a minor 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 global leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest wooden furniture treatments supplier worldwide, comprising 30% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of global exports. It was followed by the United States, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value in Italy stood at +20.9%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (-4.3% per year) and the United States (-0.7% per year).

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2021, increasing by 2.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2020 an increase of 21% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 global leaders experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports

In 2021, overseas purchases of polishes and creams for wooden furniture and floors increased by 1.8% to X tons, rising for the third year in a row after four years of decline. In general, imports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 8.8% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of global imports remained at a lower figure.

In value terms, wooden furniture treatments imports expanded sharply to $X in 2021. Overall, imports, however, showed a mild setback. The pace of growth was the most pronounced in 2014 with an increase of 13% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of global imports remained at a lower figure.

Imports by Country

In 2021, France (X tons), followed by Poland (X tons), the UK (X tons), Italy (X tons), Spain (X tons) and Germany (X tons) were the major importers of polishes and creams for wooden furniture and floors, together constituting 43% of total imports. Romania (X tons), Belgium (X tons), Canada (X tons), Portugal (X tons), the United States (X tons), Zambia (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +4.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments importing markets worldwide were Poland ($X), China ($X) and Germany ($X), together accounting for 20% of global imports.

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

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2021, increasing by 8.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2017 an increase of 10% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while France ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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