China: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in China

The Chinese wooden furniture treatments market reached $X in 2022, picking up by 3% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Wooden Furniture Treatments Production in China

In value terms, wooden furniture treatments production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 28%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from China

In 2022, shipments abroad of polishes and creams for wooden furniture and floors decreased by -21.4% to X tons, falling for the third consecutive year after four years of growth. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 53% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden furniture treatments exports fell to $X in 2022. Over the period under review, exports, however, showed a moderate increase. The growth pace was the most rapid in 2019 when exports increased by 51%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), the United States (X tons) and Vietnam (X tons) were the main destinations of wooden furniture treatments exports from China, with a combined 48% share of total exports. The Philippines, Chile, Pakistan, Australia, Iran, Canada, New Zealand, Saudi Arabia, South Korea and Thailand lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +71.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden furniture treatments exported from China were Vietnam ($X), the United Arab Emirates ($X) and the United States ($X), with a combined 41% share of total exports. The Philippines, Australia, Chile, New Zealand, Pakistan, Thailand, Saudi Arabia, Canada, South Korea and Iran lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Canada, with a CAGR of +61.0%, 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, with an increase of 18% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +105.1% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Iran ($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 the United Arab Emirates (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into China

Wooden furniture treatments imports into China contracted to X tons in 2022, declining by -7.6% on 2021. Over the period under review, imports showed a mild curtailment. The growth pace was the most rapid in 2016 with an increase of 34% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden furniture treatments imports shrank to $X in 2022. The total import value increased at an average annual rate of +3.1% 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 with an increase of 39%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of wooden furniture treatments to China, accounting for a 46% share of total imports. Moreover, wooden furniture treatments imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+6.7% per year) and the United States (-3.1% per year).

In value terms, the largest wooden furniture treatments suppliers to China were Germany ($X), Denmark ($X) and the United States ($X), with a combined 80% share of total imports. Belgium, Thailand, India, Australia, Japan, the UK, Italy, Turkey and South Korea lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Turkey, with a CAGR of +59.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, waning by -3.6% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 37%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then dropped modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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