Italy - Wooden Furniture Of A Kind Used In The Kitchen - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingDecline: Italy's Wooden Kitchen Furniture Export Drops 43% to $68M in August 2023
Italy Wooden Kitchen Furniture Exports
In August 2023, after three months of growth, there was significant decline in overseas shipments of wooden furniture for kitchens, when their volume decreased by -40.2% to 66K units. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when exports increased by 37% against the previous month. The exports peaked at 111K units in July 2023, and then declined sharply in the following month.
In value terms, wooden kitchen furniture exports dropped dramatically to $68M (IndexBox estimates) in August 2023. Over the period under review, total exports indicated modest growth from August 2022 to August 2023: its value increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, exports decreased by -43.3% against July 2023 indices. The growth pace was the most rapid in March 2023 when exports increased by 35% m-o-m. The exports peaked at 121M units in July 2023, and then fell dramatically in the following month.
| COUNTRY | Export Value of Wooden Kitchen Furniture in Italy (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| United States | 12.1 | 7.2 | 11.4 | 11.4 | 14.4 | 4.6 | 9.4 | 15.3 | 10.6 | 14.6 | 17.7 | 17.9 | 16.5 |
| France | 5.6 | 18.4 | 17.7 | 18.4 | 15.8 | 13.8 | 18.3 | 22.5 | 17.8 | 22.2 | 23.5 | 21.5 | 6.6 |
| Germany | 3.2 | 4.5 | 4.6 | 4.6 | 3.5 | 4.6 | 5.1 | 5.2 | 4.8 | 4.7 | 5.3 | 5.6 | 3.3 |
| United Kingdom | 3.2 | 5.9 | 5.3 | 5.2 | 8.2 | 4.9 | 5.8 | 6.9 | 4.9 | 6.5 | 6.8 | 9.0 | 3.2 |
| Spain | 2.3 | 3.8 | 3.5 | 4.0 | 3.0 | 3.3 | 3.7 | 4.9 | 3.9 | 5.0 | 5.5 | 6.2 | 2.5 |
| Others | 33.5 | 38.7 | 48.0 | 51.6 | 56.0 | 30.0 | 39.3 | 55.0 | 44.5 | 56.2 | 56.2 | 60.5 | 36.3 |
| Total | 59.9 | 78.6 | 90.6 | 95.1 | 101 | 61.3 | 81.6 | 110 | 86.5 | 109 | 115 | 121 | 68.4 |
Exports by Country
The United States (14K units), France (11K units) and Germany (7.3K units) were the main destinations of wooden kitchen furniture exports from Italy, with a combined 49% share of total exports.
From August 2022 to August 2023, the biggest increases were in France (with a CAGR of +1.8%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the United States ($17M) emerged as the key foreign market for wooden kitchen furniture exports from Italy, comprising 24% of total exports. The second position in the ranking was taken by France ($6.6M), with a 9.6% share of total exports. It was followed by Germany, with a 4.9% share.
From August 2022 to August 2023, the average monthly rate of growth in terms of value to the United States amounted to +2.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (+1.3% per month) and Germany (+0.4% per month).
Export Prices by Country
In August 2023, the wooden kitchen furniture price amounted to $1,034 per unit (FOB, Italy), waning by -5.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 22% against the previous month. As a result, the export price reached the peak level of $1.2M per thousand units. From January 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($1,735 per unit), while the average price for exports to Germany ($458 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the wooden kitchen furniture market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 31021000 - Kitchen furniture
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
