Northern America: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Northern America

The North American wooden furniture treatments market shrank slightly to $X in 2022, with a decrease of -4.7% against the previous year. In general, consumption recorded a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wooden Furniture Treatments Production in Northern America

In value terms, wooden furniture treatments production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2016 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Wooden Furniture Treatments Exports

Exports in Northern America

In 2022, wooden furniture treatments exports in Northern America expanded notably to X tons, growing by 11% on 2021. In general, exports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden furniture treatments exports rose rapidly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X tons) represented the largest exporter of polishes and creams for wooden furniture and floors, creating 87% of total exports. It was distantly followed by Canada (X tons), constituting a 13% share of total exports.

The United States was also the fastest-growing in terms of the polishes and creams for wooden furniture and floors exports, with a CAGR of -1.3% from 2012 to 2022. Canada (-3.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +2.1 percentage points.

In value terms, the United States ($X) remains the largest wooden furniture treatments supplier in Northern America, comprising 83% of total exports. The second position in the ranking was held by Canada ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, with a decrease of -1.5% against the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments export price increased by +1.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 25%. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.4%).

Wooden Furniture Treatments Imports

Imports in Northern America

In 2022, overseas purchases of polishes and creams for wooden furniture and floors increased by 3.1% to X tons for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, showed a pronounced downturn. The growth pace was the most rapid in 2013 when imports increased by 15%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden furniture treatments imports fell modestly to $X in 2022. Overall, imports, however, showed a noticeable descent. The pace of growth was the most pronounced in 2013 when imports increased by 15%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons) and Canada (X tons) represented roughly 99% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Canada (with a CAGR of -4.7%).

In value terms, Canada ($X) and the United States ($X) were the countries with the highest levels of imports in 2022.

Canada, with a CAGR of -2.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, which is down by -4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 an increase of 14%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then fell modestly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.2%).

Source: IndexBox Platform

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