Jordan: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Jordan

In 2022, the Jordanian wooden furniture treatments market decreased by -27.2% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, continues to indicate buoyant growth. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Wooden Furniture Treatments Production in Jordan

In value terms, wooden furniture treatments production fell remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The growth pace was the most rapid in 2019 when the production volume increased by 147%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Wooden Furniture Treatments Exports

Exports from Jordan

In 2022, shipments abroad of polishes and creams for wooden furniture and floors was finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by 250%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden furniture treatments exports surged to $X in 2022. Over the period under review, exports saw a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 320% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Libya (X tons) was the main destination for wooden furniture treatments exports from Jordan, accounting for a 85% share of total exports. Moreover, wooden furniture treatments exports to Libya exceeded the volume sent to the second major destination, Qatar (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya amounted to +37.6%.

In value terms, Libya ($X) remains the key foreign market for polishes and creams for wooden furniture and floors exports from Jordan, comprising 85% of total exports. The second position in the ranking was taken by Qatar ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Libya totaled +44.5%.

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2022, growing by 66% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 77%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Qatar stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+84.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Jordan

In 2022, approx. X tons of polishes and creams for wooden furniture and floors were imported into Jordan; with a decrease of -7.6% on 2021 figures. Overall, imports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 66%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports reduced sharply to $X in 2022. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 59%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X tons), the Netherlands (X tons) and Egypt (X tons) were the main suppliers of wooden furniture treatments imports to Jordan, together comprising 69% of total imports. Turkey, Italy, Germany, Saudi Arabia and the United States lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +65.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wooden furniture treatments suppliers to Jordan were the UK ($X), the Netherlands ($X) and Egypt ($X), together comprising 69% of total imports. Turkey, Italy, Germany, Saudi Arabia and the United States lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Germany, with a CAGR of +64.2%, saw the highest rates of growth with regard to 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 furniture treatments import price stood at $X per ton in 2022, shrinking by -13.7% against the previous year. In general, the import price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 88% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and the Netherlands ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform