Report Update Nov 1, 2024

Luxembourg - Polishes and Creams for Wooden Furniture and Floors - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Luxembourg

The Luxembourg wooden furniture treatments market shrank significantly to $X in 2022, waning by -22.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a noticeable downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Wooden Furniture Treatments Exports

Exports from Luxembourg

In 2022, after three years of growth, there was significant decline in overseas shipments of polishes and creams for wooden furniture and floors, when their volume decreased by -51.1% to X kg. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 1,046%. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, wooden furniture treatments exports reduced notably to $X in 2022. Overall, exports showed a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 1,166%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for wooden furniture treatments exports from Luxembourg, with a 97% share of total exports. It was followed by Belgium (X kg), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France amounted to -2.5%.

In value terms, France ($X) emerged as the key foreign market for polishes and creams for wooden furniture and floors exports from Luxembourg, comprising 94% of total exports. The second position in the ranking was taken by Belgium ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France totaled -10.6%.

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2022, waning by -46.8% against the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 17%. As a result, the export price attained the peak level of $X per ton. From 2020 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 Belgium ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-1.7%).

Wooden Furniture Treatments Imports

Imports into Luxembourg

In 2022, wooden furniture treatments imports into Luxembourg contracted sharply to X tons, declining by -27.9% on the previous year's figure. Over the period under review, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2014 when imports increased by 77%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden furniture treatments imports dropped notably to $X in 2022. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of wooden furniture treatments to Luxembourg, with a 42% share of total imports. Moreover, wooden furniture treatments imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-11.4% per year) and Belgium (-8.4% per year).

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) were the largest wooden furniture treatments suppliers to Luxembourg, with a combined 66% share of total imports. France, the United States and Italy lagged somewhat behind, together comprising a further 16%.

The United States, with a CAGR of -2.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, surging by 9.5% against the previous year. Over the period under review, the import price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 32%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polishes and creams for wooden furniture and floors in the world?

China constituted the country with the largest volume of wooden furniture treatments consumption, accounting for 26% of total volume. Moreover, wooden furniture treatments consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 7.8% share.

What are the largest producers of polishes and creams for wooden furniture and floors in the world?

The country with the largest volume of wooden furniture treatments production was China, comprising approx. 26% of total volume. Moreover, wooden furniture treatments production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with an 8.3% share.

What are the leading suppliers of polishes and creams for wooden furniture and floors to Luxembourg?

In value terms, the largest wooden furniture treatments suppliers to Luxembourg were Belgium, Germany and France, with a combined 91% share of total imports.

What are the leading importers of polishes and creams for wooden furniture and floors from Luxembourg?

In value terms, Belgium remains the key foreign market for wooden furniture treatments exports from Luxembourg, comprising 76% of total exports. The second position in the ranking was occupied by France $777), with a 24% share of total exports.

What is the average export price for polishes and creams for wooden furniture and floors in Luxembourg?

The average wooden furniture treatments export price stood at $4,822 per ton in 2021, dropping by -33.6% against the previous year.

What is the average import price for polishes and creams for wooden furniture and floors in Luxembourg?

The average wooden furniture treatments import price stood at $5,245 per ton in 2021, jumping by 35% against the previous year.

This report provides an in-depth analysis of the wooden furniture treatments market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20414350 - Polishes, creams and similar preparations, for the maintenance of wooden furniture, floors or other woodwork (excluding artificial and prepared waxes)

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023