Italy: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Italy

The Italian wooden kitchen furniture market soared to $X in 2022, growing by 152% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wooden Kitchen Furniture Production in Italy

In value terms, wooden kitchen furniture production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +96.2% against 2019 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Wooden Kitchen Furniture Exports

Exports from Italy

In 2022, shipments abroad of wooden furniture for kitchens decreased by -40.2% to X units, falling for the fourth consecutive year after four years of growth. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 17% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden kitchen furniture exports stood at $X in 2022. The total export value increased at an average annual rate of +3.4% 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 2021 when exports increased by 19%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X units), the United States (X units) and Switzerland (X units) were the main destinations of wooden kitchen furniture exports from Italy, together accounting for 39% of total exports. The UK, Germany, Spain, Russia, China, Canada, South Korea, the United Arab Emirates, Malta and Belgium lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +13.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Switzerland ($X) were the largest markets for wooden kitchen furniture exported from Italy worldwide, with a combined 40% share of total exports. The UK, Germany, Spain, Russia, China, Canada, South Korea, Malta, Belgium and the United Arab Emirates lagged somewhat behind, together accounting for a further 33%.

In terms of the main countries of destination, South Korea, with a CAGR of +25.0%, saw 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

The average wooden kitchen furniture export price stood at $X per unit in 2022, jumping by 71% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Russia (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into Italy

In 2022, overseas purchases of wooden furniture for kitchens increased by 166% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden kitchen furniture imports soared to $X in 2022. Over the period under review, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest wooden kitchen furniture supplier to Italy, with a 82% share of total imports. Moreover, wooden kitchen furniture imports from Germany exceeded the figures recorded by the second-largest supplier, Serbia (X units), more than tenfold. The third position in this ranking was held by Poland (X units), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+75.2% per year) and Poland (+68.5% per year).

In value terms, Germany ($X) constituted the largest supplier of wooden furniture for kitchens to Italy, comprising 82% of total imports. The second position in the ranking was taken by Serbia ($X), with a 3.4% share of total imports. It was followed by Poland, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+78.1% per year) and Poland (+67.9% per year).

Import Prices by Country

In 2022, the average wooden kitchen furniture import price amounted to $X per unit, increasing by 2.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 21%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per unit) and Germany ($X per unit), while the price for Austria ($X per unit) and Serbia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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