Denmark: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Denmark

In 2022, the Danish wooden furniture treatments market increased by 28% to $X, rising for the second year in a row after five years of decline. In general, consumption enjoyed a noticeable increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Wooden Furniture Treatments Production in Denmark

In value terms, wooden furniture treatments production fell notably to $X in 2022 estimated in export price. Overall, production posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 21,963%. As a result, production reached the peak level of $X, and then shrank dramatically in the following year.

Wooden Furniture Treatments Exports

Exports from Denmark

In 2022, shipments abroad of polishes and creams for wooden furniture and floors decreased by -6.3% to X tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden furniture treatments exports dropped to $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 34% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of wooden furniture treatments exports from Denmark, together accounting for 48% of total exports. Sweden, Belgium, Switzerland, Austria, the United States, Norway, the UK, Hong Kong SAR, Lithuania and Indonesia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +133.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the Netherlands ($X) were the largest markets for wooden furniture treatments exported from Denmark worldwide, with a combined 44% share of total exports. Belgium, Austria, the United States, Switzerland, Norway, the UK, Sweden, Lithuania, Hong Kong SAR and Indonesia lagged somewhat behind, together accounting for a further 40%.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +137.4%, recorded 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

In 2022, the average wooden furniture treatments export price amounted to $X per ton, dropping by -7.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 8.8% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Sweden ($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 States (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Denmark

In 2022, imports of polishes and creams for wooden furniture and floors into Denmark contracted remarkably to X tons, waning by -62.6% on the previous year's figure. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2019 when imports increased by 83%. Imports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, wooden furniture treatments imports declined sharply to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 54%. Imports peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

Vietnam (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of wooden furniture treatments imports to Denmark, together comprising 82% of total imports. The UK, the Netherlands, Israel, the United States and Belgium lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments suppliers to Denmark were Sweden ($X), Germany ($X) and Vietnam ($X), together comprising 86% of total imports. The United States, the UK, the Netherlands, Israel and Belgium lagged somewhat behind, together comprising a further 11%.

In terms of the main suppliers, the Netherlands, with a CAGR of +20.0%, recorded the highest rates of growth with regard to 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

The average wooden furniture treatments import price stood at $X per ton in 2022, falling by -4.2% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% 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 import price decreased by -6.2% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 54% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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