Australia and Oceania: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Exports

Exports in Australia and Oceania

In 2022, overseas shipments of wooden furniture for kitchens were finally on the rise to reach X units after three years of decline. Overall, exports recorded notable growth. The pace of growth was the most pronounced in 2017 with an increase of 75% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden kitchen furniture exports rose markedly to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.2% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by 46% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Australia was the major exporter of wooden furniture for kitchens in Australia and Oceania, with the volume of exports resulting at X units, which was approx. 87% of total exports in 2022. It was distantly followed by New Zealand (X units), achieving a 10% share of total exports. New Caledonia (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wooden kitchen furniture exports from Australia stood at +11.6%. At the same time, New Caledonia (+25.8%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +25.8% from 2012-2022. By contrast, New Zealand (-12.8%) illustrated a downward trend over the same period. Australia (+45 p.p.) and New Caledonia (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -47.2% from 2012 to 2022, respectively.

In value terms, Australia ($X) emerged as the largest wooden kitchen furniture supplier in Australia and Oceania, comprising 79% of total exports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +11.7%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-10.5% per year) and New Caledonia (+34.4% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, dropping by -1.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 31% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Caledonia ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (+6.8%), while the other leaders experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports in Australia and Oceania

After two years of decline, purchases abroad of wooden furniture for kitchens increased by 13% to X units in 2022. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 54%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden kitchen furniture imports totaled $X in 2022. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 22% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Australia was the key importer of wooden furniture for kitchens in Australia and Oceania, with the volume of imports resulting at X units, which was near 79% of total imports in 2022. It was distantly followed by New Zealand (X units), comprising a 16% share of total imports. New Caledonia (X units) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, New Zealand (+18.2%) and New Caledonia (+4.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +18.2% from 2012-2022. While the share of New Zealand (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-12 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported wooden furniture for kitchens in Australia and Oceania, comprising 72% of total imports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total imports.

In Australia, wooden kitchen furniture imports expanded at an average annual rate of +6.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+12.4% per year) and New Caledonia (+8.0% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, waning by -8.6% against the previous year. Over the period under review, the import price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when the import price increased by 41%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Caledonia ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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