New Zealand: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in New Zealand

In 2022, the New Zealand wooden kitchen furniture market increased by 2.8% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption continues to indicate a strong increase. Wooden kitchen furniture consumption peaked in 2022 and is likely to continue growth in the immediate term.

Wooden Kitchen Furniture Exports

Exports from New Zealand

In 2022, wooden kitchen furniture exports from New Zealand dropped dramatically to X units, falling by -78.9% compared with the previous year's figure. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 153%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden kitchen furniture exports declined markedly to $X in 2022. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by 124%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cook Islands (X units), Australia (X units) and Vanuatu (X units) were the main destinations of wooden kitchen furniture exports from New Zealand, with a combined 59% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vanuatu (with a CAGR of +11.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cook Islands ($X), Australia ($X) and Samoa ($X) constituted the largest markets for wooden kitchen furniture exported from New Zealand worldwide, together comprising 59% of total exports. Vanuatu, Fiji, Jordan, Tonga and Papua New Guinea lagged somewhat behind, together comprising a further 26%.

In terms of the main countries of destination, Vanuatu, with a CAGR of +9.6%, recorded 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

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, growing by 33% against the previous year. Over the period under review, the export price continues to indicate temperate growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 73% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per unit), while the average price for exports to Fiji ($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 Jordan (+101.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into New Zealand

In 2022, overseas purchases of wooden furniture for kitchens increased by 6.4% to X units, rising for the sixth consecutive year after two years of decline. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 46% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, wooden kitchen furniture imports declined to $X in 2022. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 49%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest wooden kitchen furniture supplier to New Zealand, accounting for a 57% share of total imports. Moreover, wooden kitchen furniture imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold. Germany (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+48.0% per year) and Germany (+10.4% per year).

In value terms, China ($X) constituted the largest supplier of wooden furniture for kitchens to New Zealand, comprising 54% of total imports. The second position in the ranking was held by Vietnam ($X), with a 10% share of total imports. It was followed by the UK, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+14.0% per year) and the UK (+38.7% per year).

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, falling by -11.9% against the previous year. Over the period under review, the import price saw a pronounced contraction. The growth pace was the most rapid in 2015 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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