Eastern Europe: Wooden Frame Market 2024

Wooden Frame Market Size in Eastern Europe

In 2021, the East European wooden frame market decreased by -4.6% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption enjoyed a buoyant increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wooden Frame Production in Eastern Europe

In value terms, wooden frame production reduced notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 87%. As a result, production attained the peak level of $X, and then reduced sharply in the following year.

Wooden Frame Exports

Exports in Eastern Europe

For the sixth consecutive year, Eastern Europe recorded growth in shipments abroad of wooden frames for paintings, photographs, mirrors or similar objects, which increased by 14% to X units in 2021. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 676% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, wooden frame exports surged to $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 6,587%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Poland dominates exports structure, accounting for X units, which was approx. 71% of total exports in 2021. It was distantly followed by Latvia (X units) and Ukraine (X units), together constituting a 14% share of total exports. Estonia (X units), Slovakia (X units), Belarus (X units) and Russia (X units) followed a long way behind the leaders.

Exports from Poland increased at an average annual rate of +11.6% from 2012 to 2021. At the same time, Belarus (+43.9%), Latvia (+32.3%), Ukraine (+21.6%), Slovakia (+15.4%), Estonia (+10.7%) and Russia (+1.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +43.9% from 2012-2021. While the share of Poland (+71 p.p.), Latvia (+8.9 p.p.), Estonia (+3.4 p.p.) and Slovakia (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Ukraine (-17.3 p.p.) and Russia (-36.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest wooden frame supplier in Eastern Europe, comprising 70% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 7.2% share of total exports. It was followed by Latvia, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland totaled +26.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Slovakia (+21.3% per year) and Latvia (+41.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, rising by 13% against the previous year. Over the period under review, the export price saw a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 762%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Slovakia ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+41.4%), while the other leaders experienced more modest paces of growth.

Wooden Frame Imports

Imports in Eastern Europe

In 2021, approx. X units of wooden frames for paintings, photographs, mirrors or similar objects were imported in Eastern Europe; with a decrease of -5.3% on 2020 figures. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 23%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, wooden frame imports surged to $X in 2021. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 438%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Poland (X units), distantly followed by the Czech Republic (X units), Russia (X units), Ukraine (X units), Belarus (X units), Romania (X units), Hungary (X units), Estonia (X units) and Slovakia (X units) were the main importers of wooden frames for paintings, photographs, mirrors or similar objects, together committing 93% of total imports.

From 2012 to 2021, average annual rates of growth with regard to wooden frame imports into Poland stood at -5.5%. At the same time, Romania (+93.4%), the Czech Republic (+36.0%), Slovakia (+19.4%) and Belarus (+4.0%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +93.4% from 2012-2021. Ukraine experienced a relatively flat trend pattern. By contrast, Estonia (-19.0%), Russia (-29.2%) and Hungary (-46.2%) illustrated a downward trend over the same period. Poland (+25 p.p.), the Czech Republic (+11 p.p.), Romania (+8.9 p.p.), Hungary (+8.8 p.p.), Belarus (+6.5 p.p.), Estonia (+5.8 p.p.), Ukraine (+5.7 p.p.) and Slovakia (+4.5 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -81.1% from 2012 to 2021, respectively.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 58% of total imports.

The Czech Republic, with a CAGR of +66.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, jumping by 23% against the previous year. Over the period under review, the import price enjoyed a significant increase. The growth pace was the most rapid in 2020 an increase of 429%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+59.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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