China: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in China

The Chinese wooden kitchen furniture market shrank slightly to $X in 2022, reducing by -3% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Wooden Kitchen Furniture Production in China

In value terms, wooden kitchen furniture production shrank modestly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 21%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Wooden Kitchen Furniture Exports

Exports from China

In 2022, the amount of wooden furniture for kitchens exported from China dropped slightly to X units, waning by -3.1% against 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 17%. The exports 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 shrank modestly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 36%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Malaysia (X units) and Australia (X units) were the main destinations of wooden kitchen furniture exports from China, with a combined 57% share of total exports. Indonesia, Canada, the Philippines, Thailand, Japan, New Zealand, Germany and the UK lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +80.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Malaysia ($X) and Australia ($X) appeared to be the largest markets for wooden kitchen furniture exported from China worldwide, with a combined 57% share of total exports. Canada, Thailand, the UK, Germany, Japan, Indonesia, the Philippines and New Zealand lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, Indonesia, with a CAGR of +42.9%, saw the highest growth rate of 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

The average wooden kitchen furniture export price stood at $X per unit in 2022, shrinking by -2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Indonesia ($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 the UK (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into China

In 2022, overseas purchases of wooden furniture for kitchens decreased by -24.6% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 49%. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, wooden kitchen furniture imports fell markedly to $X in 2022. In general, imports, however, saw tangible growth. The growth pace was the most rapid in 2017 when imports increased by 52% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of wooden kitchen furniture to China, with a 86% share of total imports. Moreover, wooden kitchen furniture imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.6% per year) and South Korea (-45.4% per year).

In value terms, Germany ($X) constituted the largest supplier of wooden furniture for kitchens to China, comprising 66% of total imports. The second position in the ranking was taken by Italy ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.3% per year) and South Korea (-41.5% per year).

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, surging by 4.6% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of 32%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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