Norway: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Norway

The Norwegian wooden furniture treatments market dropped markedly to $X in 2022, which is down by -21.1% 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). Over the period under review, consumption saw a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports from Norway

In 2022, the amount of polishes and creams for wooden furniture and floors exported from Norway reduced sharply to X kg, shrinking by -26.4% compared with 2021 figures. In general, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2016 when exports increased by 3,220%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, wooden furniture treatments exports reached $X in 2022. Over the period under review, exports showed a sharp descent. The most prominent rate of growth was recorded in 2016 when exports increased by 2,288% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X kg), Denmark (X kg) and Sweden (X kg) were the main destinations of wooden furniture treatments exports from Norway, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +33.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X), Denmark ($X) and Sweden ($X) appeared to be the largest markets for wooden furniture treatments exported from Norway worldwide, with a combined 98% share of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +74.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, surging by 37% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 75%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Germany ($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 the Netherlands (+41.1%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Furniture Treatments Imports

Imports into Norway

In 2022, overseas purchases of polishes and creams for wooden furniture and floors decreased by -21.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by 51% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports dropped significantly to $X in 2022. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Sweden (X tons) and the UK (X tons) were the main suppliers of wooden furniture treatments imports to Norway, with a combined 51% share of total imports. Denmark, Canada, Turkey, China, the Netherlands, Germany and the United States lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +368.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Italy ($X) and Sweden ($X) constituted the largest wooden furniture treatments suppliers to Norway, together accounting for 48% of total imports. Canada, China, the Netherlands, Germany, the UK, Turkey and the United States lagged somewhat behind, together comprising a further 37%.

Among the main suppliers, Turkey, with a CAGR of +416.1%, recorded the highest growth rate of 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

In 2022, the average wooden furniture treatments import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 an increase of 14%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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