UK Wooden Frame Price Rises Markedly to $23.2 per Unit

United Kingdom Wooden Frame Import Price in July 2022

In July 2022, the wooden frame price stood at $23.2 per unit (CIF, United Kingdom), growing by 9.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 when the average import price increased by 30% m-o-m. As a result, import price reached the peak level of $25.8 per unit. From May 2022 to July 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($61.4 per unit), while the price for Latvia ($20.8 per unit) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Sweden (+28.0%), while the prices for the other major suppliers experienced mixed trend patterns.

United Kingdom Wooden Frame Imports

In July 2022, after two months of growth, there was significant decline in overseas purchases of wooden frames for paintings, photographs, mirrors or similar objects, when their volume decreased by -18.7% to 221K units. In general, total imports indicated mild growth from January 2022 to July 2022: its volume increased at an average monthly rate of +1.8% over the last six months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2022 figures, imports increased by +50.3% against April 2022 indices. The pace of growth appeared the most rapid in June 2022 when imports increased by 44% month-to-month. Imports peaked at 276K units in March 2022; however, from April 2022 to July 2022, imports remained at a lower figure.

In value terms, wooden frame imports contracted to $5.1M (IndexBox estimates) in July 2022. The total import value increased at an average monthly rate of +2.1% over the period from January 2022 to July 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth appeared the most rapid in June 2022 when imports increased by 40% against the previous month. As a result, imports attained the peak of $5.7M, and then fell in the following month.

United Kingdom Wooden Frame Imports by Country

In July 2022, China (154K units) constituted the largest wooden frame supplier to the UK, with a 70% share of total imports. Moreover, wooden frame imports from China exceeded the figures recorded by the second-largest supplier, Poland (54K units), threefold. The third position in this ranking was taken by Italy (3.4K units), with a 1.5% share.

From January 2022 to July 2022, the average monthly rate of growth in terms of volume from China totaled +2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Poland (+13.3% per month) and Italy (+2.5% per month).

In value terms, China ($3.3M) constituted the largest supplier of wooden frame to the UK, comprising 64% of total imports. The second position in the ranking was taken by Poland ($1.2M), with a 24% share of total imports. It was followed by Italy, with a 4.1% share.

From January 2022 to July 2022, the average monthly rate of growth in terms of value from China amounted to +1.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Poland (+11.1% per month) and Italy (+4.8% per month).

Wooden Frame Market Overview

The major drivers for wooden frame market are the growing construction industry and the demand for eco-friendly products. However, the high cost of raw materials and skilled labor is expected to restraint the market growth.

The UK construction industry is one of the major drivers for the wooden frame market. The sector has been growing steadily over the past few years and is expected to continue its upward trend in the coming years. The increasing demand for eco-friendly and sustainable products is also driving the market growth. Wood frames are made from renewable resources and are recyclable, which makes them an attractive option for eco-conscious consumers.

Wood frames are known to improve indoor air quality by absorbing harmful toxins and chemicals. They are also hypoallergenic and provide thermal insulation, which can help reduce energy bills.

Wooden Frame Market Overview

The major drivers for wooden frame market are the growing construction industry and the demand for eco-friendly products. However, the high cost of raw materials and skilled labor is expected to restraint the market growth.

The UK construction industry is one of the major drivers for the wooden frame market. The sector has been growing steadily over the past few years and is expected to continue its upward trend in the coming years. The increasing demand for eco-friendly and sustainable products is also driving the market growth. Wood frames are made from renewable resources and are recyclable, which makes them an attractive option for eco-conscious consumers.

Wood frames are known to improve indoor air quality by absorbing harmful toxins and chemicals. They are also hypoallergenic and provide thermal insulation, which can help reduce energy bills.

Source: IndexBox Market Intelligence Platform