Japan: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Japan

In 2022, the Japanese wooden furniture treatments market increased by 192% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, showed a deep downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from Japan

In 2022, shipments abroad of polishes and creams for wooden furniture and floors decreased by -16.8% to X tons, falling for the second consecutive year after five years of growth. Overall, exports, however, continue to indicate a modest expansion. The growth pace was the most rapid in 2017 when exports increased by 62%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden furniture treatments exports fell notably to $X in 2022. In general, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 51%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and the Philippines (X tons) were the main destinations of wooden furniture treatments exports from Japan, with a combined 90% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +34.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for polishes and creams for wooden furniture and floors exports from Japan, comprising 52% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 19% share of total exports. It was followed by Taiwan (Chinese), with a 15% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-0.9% per year) and Taiwan (Chinese) (+21.8% per year).

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2022, falling by -22.2% against the previous year. In general, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 30%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Vietnam (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Japan

In 2022, purchases abroad of polishes and creams for wooden furniture and floors was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, saw a abrupt slump. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible slump. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest wooden furniture treatments supplier to Japan, accounting for a 52% share of total imports. Moreover, wooden furniture treatments imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.3% per year) and Germany (-4.1% per year).

In value terms, the largest wooden furniture treatments suppliers to Japan were the United States ($X), the UK ($X) and Germany ($X), together comprising 91% of total imports.

Among the main suppliers, the UK, with a CAGR of +7.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, declining by -19.1% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 19%. The import price peaked at $X per ton in 2021, and then declined dramatically in the following year.

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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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