Italy: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Italy

The Italian wooden furniture treatments market declined significantly to $X in 2022, which is down by -86.8% against the previous year. Over the period under review, consumption recorded a abrupt decline. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Wooden Furniture Treatments Production in Italy

In value terms, wooden furniture treatments production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,279% against the previous year. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Wooden Furniture Treatments Exports

Exports from Italy

In 2022, overseas shipments of polishes and creams for wooden furniture and floors decreased by -74.7% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year. As a result, the exports reached 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 declined rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2020 with an increase of 162% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced markedly in the following year.

Exports by Country

France (X tons) was the main destination for wooden furniture treatments exports from Italy, accounting for a 51% share of total exports. Moreover, wooden furniture treatments exports to France exceeded the volume sent to the second major destination, Belgium (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+12.2% per year) and Turkey (+89.3% per year).

In value terms, France ($X) emerged as the key foreign market for polishes and creams for wooden furniture and floors exports from Italy, comprising 29% of total exports. The second position in the ranking was taken by Belgium ($X), with a 12% share of total exports. It was followed by Spain, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+19.0% per year) and Spain (+12.7% per year).

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, which is down by -3.5% against the previous year. Over the period under review, the export price, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Belgium ($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 Germany (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Italy

In 2022, wooden furniture treatments imports into Italy surged to X tons, growing by 22% compared with the previous year. Overall, imports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 87% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports skyrocketed to $X in 2022. In general, imports, however, recorded a perceptible reduction. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest wooden furniture treatments supplier to Italy, accounting for a 87% share of total imports. Moreover, wooden furniture treatments imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Portugal (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.3% per year) and Portugal (+31.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Italy, comprising 69% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.5% share of total imports. It was followed by Portugal, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.5% per year) and Portugal (+19.5% per year).

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, surging by 4.4% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 47%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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