EU: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in the EU

The EU wooden furniture treatments market declined remarkably to $X in 2022, which is down by -52% against the previous year. In general, consumption recorded a pronounced setback. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Wooden Furniture Treatments Production in the EU

In value terms, wooden furniture treatments production dropped remarkably to $X in 2022 estimated in export price. In general, production recorded a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of 49%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports in the EU

In 2022, shipments abroad of polishes and creams for wooden furniture and floors decreased by -40.5% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 54%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden furniture treatments exports fell remarkably to $X in 2022. Over the period under review, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 64%. The level of export peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

The Netherlands represented the main exporter of polishes and creams for wooden furniture and floors in the European Union, with the volume of exports amounting to X tons, which was near 49% of total exports in 2022. Italy (X tons) took the second position in the ranking, distantly followed by Germany (X tons) and Portugal (X tons). All these countries together took approx. 30% share of total exports. France (X tons), Denmark (X tons), the Czech Republic (X tons), Spain (X tons), Poland (X tons) and Hungary (X tons) followed a long way behind the leaders.

Exports from the Netherlands decreased at an average annual rate of -5.2% from 2012 to 2022. At the same time, Portugal (+36.5%), the Czech Republic (+4.0%) and Denmark (+2.5%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +36.5% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Italy (-3.6%), Germany (-4.2%), Poland (-5.7%), Spain (-7.5%) and Hungary (-16.3%) illustrated a downward trend over the same period. While the share of Portugal (+5.6 p.p.) and Denmark (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-4.7 p.p.) and Hungary (-5.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wooden furniture treatments supplying countries in the European Union were the Netherlands ($X), Italy ($X) and Denmark ($X), together comprising 60% of total exports. Germany, France, Portugal, Poland, Spain, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further 31%.

In terms of the main exporting countries, Portugal, with a CAGR of +25.2%, 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

The export price in the European Union stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2017 an increase of 16% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Denmark ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.8%), while the other leaders experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports in the EU

In 2022, after three years of growth, there was significant decline in supplies from abroad of polishes and creams for wooden furniture and floors, when their volume decreased by -11.5% to X tons. Overall, imports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 16% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden furniture treatments imports declined to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 27%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, France (X tons), distantly followed by Italy (X tons), Poland (X tons), Spain (X tons), Romania (X tons) and Germany (X tons) represented the main importers of polishes and creams for wooden furniture and floors, together constituting 72% of total imports. The following importers - Portugal (X tons), Belgium (X tons), Greece (X tons), the Czech Republic (X tons), Slovakia (X tons), Ireland (X tons) and the Netherlands (X tons) - together made up 21% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +3.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments importing markets in the European Union were France ($X), Germany ($X) and Poland ($X), with a combined 43% share of total imports. Spain, Italy, Belgium, Romania, Portugal, the Netherlands, Ireland, the Czech Republic, Slovakia and Greece lagged somewhat behind, together accounting for a further 46%.

Greece, with a CAGR of +4.5%, recorded the highest rates of growth with regard to 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 the European Union stood at $X per ton in 2022, picking up by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2016 when the import price increased by 14% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2017; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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