Australia: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Australia

In 2022, the Australian wooden kitchen furniture market increased by 6.7% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wooden kitchen furniture consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Wooden Kitchen Furniture Exports

Exports from Australia

In 2022, shipments abroad of wooden furniture for kitchens was finally on the rise to reach X units after two years of decline. Overall, exports recorded a prominent expansion. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wooden kitchen furniture exports soared to $X in 2022. Over the period under review, exports showed a remarkable increase. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for wooden kitchen furniture exports from Australia, with a 55% share of total exports. Moreover, wooden kitchen furniture exports to the United States exceeded the volume sent to the second major destination, New Zealand (X units), fourfold. The third position in this ranking was taken by Papua New Guinea (X units), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+23.4% per year) and Papua New Guinea (+32.0% per year).

In value terms, the United States ($X) remains the key foreign market for wooden furniture for kitchens exports from Australia, comprising 57% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total exports. It was followed by Papua New Guinea, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+24.0% per year) and Papua New Guinea (+32.6% per year).

Export Prices by Country

The average wooden kitchen furniture export price stood at $X per unit in 2022, falling by -1.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 26%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Christmas Island (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into Australia

In 2022, after two years of decline, there was significant growth in supplies from abroad of wooden furniture for kitchens, when their volume increased by 14% to X units. Overall, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 57% against the previous year. 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 rose rapidly to $X in 2022. In general, imports posted a strong expansion. The growth pace was the most rapid in 2016 with an increase of 23%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main wooden kitchen furniture supplier to Australia, with a 95% share of total imports. It was followed by Malaysia (X units), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.3%.

In value terms, China ($X) constituted the largest supplier of wooden furniture for kitchens to Australia, comprising 87% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.9%.

Import Prices by Country

In 2022, the average wooden kitchen furniture import price amounted to $X per unit, declining by -7.3% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2017 an increase of 59%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.0%).

Source: IndexBox Platform

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