Denmark: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Denmark

In 2022, after six years of growth, there was significant decline in the Danish wooden kitchen furniture market, when its value decreased by -41.1% to $X. Overall, consumption, however, continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Wooden Kitchen Furniture Production in Denmark

In value terms, wooden kitchen furniture production reduced markedly to $X in 2022 estimated in export price. Overall, production, however, showed measured growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by 127% against the previous year. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Wooden Kitchen Furniture Exports

Exports from Denmark

In 2022, shipments abroad of wooden furniture for kitchens decreased by -44.8% to X units, falling for the third consecutive year after four years of growth. Overall, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 31% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden kitchen furniture exports declined to $X in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.0% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 25%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Norway (X units), Sweden (X units) and the Netherlands (X units) were the main destinations of wooden kitchen furniture exports from Denmark, with a combined 84% share of total exports. Belgium, Germany, Finland, Iceland and France lagged somewhat behind, together comprising a further 9.9%.

From 2012 to 2022, the biggest increases were recorded for Iceland (with a CAGR of +6.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Norway ($X), Sweden ($X) and the Netherlands ($X) were the largest markets for wooden kitchen furniture exported from Denmark worldwide, together accounting for 84% of total exports. Belgium, Germany, Finland, Iceland and France lagged somewhat behind, together comprising a further 9.9%.

Iceland, with a CAGR of +17.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, rising by 81% against the previous year. In general, the export price showed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per unit) and Germany ($X per unit), while the average price for exports to Iceland ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into Denmark

In 2022, after ten years of growth, there was significant decline in supplies from abroad of wooden furniture for kitchens, when their volume decreased by -34.9% to X units. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 74% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then fell rapidly in the following year.

In value terms, wooden kitchen furniture imports reduced rapidly to $X in 2022. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 56% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined markedly in the following year.

Imports by Country

Germany (X units), Sweden (X units) and Italy (X units) were the main suppliers of wooden kitchen furniture imports to Denmark, with a combined 68% share of total imports. Lithuania, Latvia, Austria and China lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +54.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Italy ($X) constituted the largest wooden kitchen furniture suppliers to Denmark, together accounting for 68% of total imports. Lithuania, Latvia, Austria and China lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Austria, with a CAGR of +53.6%, recorded 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 kitchen furniture import price amounted to $X per unit, growing by 2.3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 21%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($X per unit) and Germany ($X per unit), while the price for China ($X per unit) and Latvia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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