Australia and Oceania: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Australia and Oceania

The wooden furniture treatments market in Australia and Oceania contracted to $X in 2022, waning by -5.2% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Wooden Furniture Treatments Production in Australia and Oceania

In value terms, wooden furniture treatments production declined to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 76% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Wooden Furniture Treatments Exports

Exports in Australia and Oceania

In 2022, the amount of polishes and creams for wooden furniture and floors exported in Australia and Oceania fell to X tons, waning by -10% on 2021 figures. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 118%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wooden furniture treatments exports dropped to $X in 2022. Over the period under review, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of 82% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was approx. 92% of total exports in 2022. It was distantly followed by New Zealand (X tons), mixing up a 7.3% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wooden furniture treatments exports from Australia stood at -9.9%. At the same time, New Zealand (+15.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +15.5% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +6.7 percentage points.

In value terms, Australia ($X) remains the largest wooden furniture treatments supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at -5.2%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by 2.4% against the previous year. In general, the export price saw a perceptible expansion. The most prominent rate of growth was recorded in 2017 an increase of 123% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.3%).

Wooden Furniture Treatments Imports

Imports in Australia and Oceania

In 2022, overseas purchases of polishes and creams for wooden furniture and floors increased by 3.5% to X tons, rising for the fourth year in a row after two years of decline. In general, imports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2015 when imports increased by 55%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports reached $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 35%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Australia represented the main importing country with an import of around X tons, which recorded 71% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 19% share of total imports. Micronesia (X tons) and Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wooden furniture treatments imports into Australia stood at -4.0%. At the same time, Micronesia (+35.4%) and New Zealand (+4.4%) displayed positive paces of growth. Moreover, Micronesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +35.4% from 2012-2022. Fiji experienced a relatively flat trend pattern. From 2012 to 2022, the share of New Zealand and Micronesia increased by +9.3 and +4.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported polishes and creams for wooden furniture and floors in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total imports. It was followed by Micronesia, with a 2.6% share.

In Australia, wooden furniture treatments imports increased at an average annual rate of +6.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (-4.5% per year) and Micronesia (+34.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by 3.7% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments import price increased by +74.3% against 2015 indices. The growth pace was the most rapid in 2013 when the import price increased by 84% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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