Greece: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Greece

In 2022, the Greek wooden furniture treatments market increased by 8.6% to $X, rising for the sixth consecutive year after four years of decline. In general, consumption continues to indicate a prominent increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Wooden Furniture Treatments Production in Greece

In value terms, wooden furniture treatments production amounted to $X in 2022 estimated in export price. In general, production, however, saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 31%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from Greece

In 2022, the amount of polishes and creams for wooden furniture and floors exported from Greece reached X tons, picking up by 14% compared with 2021. Overall, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 39%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden furniture treatments exports rose significantly to $X in 2022. In general, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 42%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Romania (X tons), Cyprus (X tons) and Saudi Arabia (X tons) were the main destinations of wooden furniture treatments exports from Greece, together comprising 76% of total exports. Poland, the Czech Republic, Libya, Bulgaria and Croatia lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Libya (with a CAGR of +27.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden furniture treatments exported from Greece were Romania ($X), Cyprus ($X) and Poland ($X), with a combined 73% share of total exports. Saudi Arabia, the Czech Republic, Libya, Croatia and Bulgaria lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Libya, with a CAGR of +24.9%, 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 average wooden furniture treatments export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 8.5%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Greece

In 2022, overseas purchases of polishes and creams for wooden furniture and floors increased by 16% to X tons, rising for the fourth year in a row after six years of decline. Over the period under review, imports saw noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of 183%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, wooden furniture treatments imports skyrocketed to $X in 2022. In general, imports enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2020 with an increase of 84%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of wooden furniture treatments to Greece, accounting for a 84% share of total imports. Moreover, wooden furniture treatments imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.3% per year) and Germany (+24.2% per year).

In value terms, the largest wooden furniture treatments suppliers to Greece were the Netherlands ($X), Italy ($X) and Germany ($X), together comprising 97% of total imports.

Germany, with a CAGR of +26.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, surging by 3.2% against the previous year. Overall, the import price posted a mild expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 71% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($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 (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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