Eastern Asia: Wooden Furniture Treatments Market 2025

Wooden Furniture Treatments Market Size in Eastern Asia

The East Asian wooden furniture treatments market expanded to $X in 2022, with an increase of 3.6% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Wooden Furniture Treatments Production in Eastern Asia

In value terms, wooden furniture treatments production rose to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Wooden Furniture Treatments Exports

Exports in Eastern Asia

In 2022, overseas shipments of polishes and creams for wooden furniture and floors decreased by -23% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports recorded a slight decline. The growth pace was the most rapid in 2019 when exports increased by 45% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden furniture treatments exports dropped to $X in 2022. In general, exports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2019 with an increase of 42%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 81% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons), together making up a 15% share of total exports. Japan (X tons) held a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of polishes and creams for wooden furniture and floors. Japan experienced a relatively flat trend pattern. Taiwan (Chinese) (-2.7%) and Hong Kong SAR (-7.0%) illustrated a downward trend over the same period. While the share of China (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (-7.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden furniture treatments supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 10% share of total exports. It was followed by Taiwan (Chinese), with a 4.9% share.

In China, wooden furniture treatments exports expanded at an average annual rate of +4.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-4.6% per year) and Taiwan (Chinese) (-2.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by 12% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +69.5% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of 21%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports in Eastern Asia

In 2022, approx. X tons of polishes and creams for wooden furniture and floors were imported in Eastern Asia; increasing by 22% compared with 2021. Overall, imports, however, showed a slight slump. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports dropped slightly to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 28% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China was the key importing country with an import of about X tons, which finished at 51% of total imports. It was distantly followed by Hong Kong SAR (X tons), South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together making up a 48% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wooden furniture treatments imports into China stood at -1.9%. At the same time, Hong Kong SAR (+6.4%) and South Korea (+3.0%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +6.4% from 2012-2022. By contrast, Taiwan (Chinese) (-8.0%) and Japan (-9.4%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+13 p.p.) and South Korea (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (-5.6 p.p.) and Japan (-9.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polishes and creams for wooden furniture and floors in Eastern Asia, comprising 69% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by Hong Kong SAR, with an 11% share.

In China, wooden furniture treatments imports expanded at an average annual rate of +3.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-4.2% per year) and Hong Kong SAR (+4.5% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of -19.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2017 when the import price increased by 32% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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