Europe: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Europe

The Europe wooden furniture treatments market declined remarkably to $X in 2022, shrinking by -36.6% against the previous year. Over the period under review, consumption recorded a pronounced curtailment. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Wooden Furniture Treatments Production in Europe

In value terms, wooden furniture treatments production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 28%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Wooden Furniture Treatments Exports

Exports in Europe

In 2022, shipments abroad of polishes and creams for wooden furniture and floors decreased by -39.6% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 51%. As a result, the exports reached 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 rapidly to $X in 2022. In general, exports recorded a pronounced descent. The pace of growth appeared the most rapid in 2020 when exports increased by 59% against the previous year. The level of export peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

The Netherlands represented the key exporter of polishes and creams for wooden furniture and floors in Europe, with the volume of exports resulting at X tons, which was near 46% of total exports in 2022. Italy (X tons) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by Germany (5.7%) and Portugal (5.5%). The following exporters - France (X tons), the UK (X tons), Denmark (X tons), the Czech Republic (X tons), Spain (X tons), Poland (X tons) and Hungary (X tons) - together made up 18% of total exports.

From 2012 to 2022, average annual rates of growth with regard to wooden furniture treatments exports from the Netherlands stood at -5.2%. 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 Europe, 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%), the UK (-16.0%) and Hungary (-16.3%) illustrated a downward trend over the same period. While the share of Portugal (+5.3 p.p.), Italy (+2.5 p.p.) and Denmark (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hungary (-4.4 p.p.) and the UK (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Italy ($X) and Denmark ($X) constituted the countries with the highest levels of exports in 2022, with a combined 55% share of total exports. Germany, France, Portugal, the UK, Poland, Spain, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further 33%.

In terms of the main exporting countries, Portugal, with a CAGR of +25.2%, recorded the highest rates of growth with regard to 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 export price in Europe amounted to $X per ton, with an increase of 1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2017 when the export price increased by 18%. 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 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 the UK (+7.8%), while the other leaders experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports in Europe

After three years of growth, overseas purchases of polishes and creams for wooden furniture and floors decreased by -10.2% to X tons in 2022. Overall, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. 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. Over the period under review, imports showed a mild decline. The most prominent rate of growth was recorded in 2014 when imports increased by 21%. 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), followed by the UK (X tons), Italy (X tons), Poland (X tons), Spain (X tons), Romania (X tons) and Germany (X tons) were the largest importers of polishes and creams for wooden furniture and floors, together generating 72% of total imports. The following importers - Portugal (X tons), Belgium (X tons), Greece (X tons), the Czech Republic (X tons), Slovakia (X tons) and Ireland (X tons) - together made up 16% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia (with a CAGR of +3.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments importing markets in Europe were France ($X), Germany ($X) and Poland ($X), together accounting for 35% of total imports. The UK, Spain, Italy, Belgium, Romania, Portugal, Ireland, the Czech Republic, Slovakia and Greece lagged somewhat behind, together comprising a further 44%.

In terms of the main importing countries, Greece, with a CAGR of +4.5%, saw 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

In 2022, the import price in Europe amounted to $X per ton, surging by 6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2017 when the import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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