Italy: Wooden Frame Market 2024

Wooden Frame Market Size in Italy

The Italian wooden frame market reduced to $X in 2022, waning by -12.6% against the previous year. Overall, consumption, however, continues to indicate a deep reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Wooden Frame Production in Italy

In value terms, wooden frame production declined rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the production volume increased by 81%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Wooden Frame Exports

Exports from Italy

In 2022, exports of wooden frames for paintings, photographs, mirrors or similar objects from Italy fell to X units, declining by -12.3% against 2021. Overall, exports recorded a mild reduction. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame exports declined to $X in 2022. Over the period under review, exports saw a slight shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 22% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), France (X units) and the United States (X units) were the main destinations of wooden frame exports from Italy, with a combined 47% share of total exports. The UK, Spain, Switzerland, Denmark, Greece, Romania, Austria, the Netherlands, Croatia and Canada lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +30.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame exported from Italy were Germany ($X), the United States ($X) and France ($X), together accounting for 48% of total exports. The UK, Spain, Switzerland, Denmark, Austria, the Netherlands, Greece, Romania, Canada and Croatia lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Denmark, with a CAGR of +22.9%, saw 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 average wooden frame export price stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 8.8%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into Italy

In 2022, supplies from abroad of wooden frames for paintings, photographs, mirrors or similar objects increased by 8.5% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 27%. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wooden frame imports rose notably to $X in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Poland (X units) and France (X units) were the main suppliers of wooden frame imports to Italy, together comprising 86% of total imports. Albania, Germany and Portugal lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the biggest increases were recorded for Albania (with a CAGR of +13.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame suppliers to Italy were China ($X), Poland ($X) and France ($X), together accounting for 83% of total imports.

Among the main suppliers, Poland, with a CAGR of +13.8%, saw the highest growth rate of 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

The average wooden frame import price stood at $X per unit in 2022, with an increase of 1.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 9.9%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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