Austria: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Austria

The Austrian wooden furniture treatments market declined markedly to $X in 2022, with a decrease of -25.6% against the previous year. Overall, consumption recorded a deep slump. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in Austria

In value terms, wooden furniture treatments production dropped modestly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of 9.9%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Wooden Furniture Treatments Exports

Exports from Austria

In 2022, overseas shipments of polishes and creams for wooden furniture and floors decreased by -56.3% to X tons, falling for the third year in a row after three years of growth. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 67% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wooden furniture treatments exports reduced sharply to $X in 2022. In general, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 47% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for wooden furniture treatments exports from Austria, accounting for a 54% share of total exports. Moreover, wooden furniture treatments exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. Malaysia (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+0.1% per year) and Malaysia (+988.8% per year).

In value terms, the largest markets for wooden furniture treatments exported from Austria were Germany ($X), Switzerland ($X) and Italy ($X), together comprising 84% of total exports. France, Malaysia, Hungary, Slovenia, the Philippines, Serbia, Belgium and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 9.8%.

In terms of the main countries of destination, Malaysia, with a CAGR of +814.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, rising by 36% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 export price increased by +89.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 47%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Austria

Wooden furniture treatments imports into Austria contracted significantly to X tons in 2022, reducing by -59.8% on the previous year's figure. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 13% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports reduced notably to $X in 2022. In general, imports saw a pronounced downturn. The growth pace was the most rapid in 2013 when imports increased by 28% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest wooden furniture treatments supplier to Austria, with a 80% share of total imports. Moreover, wooden furniture treatments imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), more than tenfold. The third position in this ranking was taken by Slovakia (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+18.2% per year) and Slovakia (+72.7% per year).

In value terms, Germany ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Austria, comprising 68% of total imports. The second position in the ranking was taken by Denmark ($X), with a 15% share of total imports. It was followed by Slovakia, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+21.1% per year) and Slovakia (+64.2% per year).

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, surging by 87% against the previous year. Over the period under review, the import price recorded a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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