Pakistan: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Pakistan

In 2022, the Pakistani wooden furniture treatments market increased by less than 0.1% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption saw a deep slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in Pakistan

In value terms, wooden furniture treatments production soared to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 33% against the previous year. Wooden furniture treatments production peaked in 2022 and is likely to continue growth in years to come.

Wooden Furniture Treatments Exports

Exports from Pakistan

In 2022, exports of polishes and creams for wooden furniture and floors from Pakistan skyrocketed to X kg, jumping by 33% compared with 2021 figures. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 426%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden furniture treatments exports skyrocketed to $X in 2022. In general, exports, however, recorded a deep setback. The growth pace was the most rapid in 2014 with an increase of 372%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X kg), Malaysia (X kg) and the UK (X kg) were the main destinations of wooden furniture treatments exports from Pakistan, with a combined 74% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +49.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X) remains the key foreign market for polishes and creams for wooden furniture and floors exports from Pakistan, comprising 66% of total exports. The second position in the ranking was held by Oman ($X), with a 9.9% share of total exports. It was followed by the United Arab Emirates, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to Kuwait stood at +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-21.9% per year) and the United Arab Emirates (-18.8% per year).

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, growing by 29% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 45%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to the UK ($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 Kuwait (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Pakistan

In 2022, purchases abroad of polishes and creams for wooden furniture and floors decreased by -12.3% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 181% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports reached $X in 2022. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 143% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest wooden furniture treatments supplier to Pakistan, with a 76% share of total imports. Moreover, wooden furniture treatments imports from China exceeded the figures recorded by the second-largest supplier, Oman (X tons), tenfold. The third position in this ranking was held by the United States (X tons), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (-19.3% per year) and the United States (-22.3% per year).

In value terms, China ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Pakistan, comprising 81% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports. It was followed by the UK, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.4% per year) and the UK (-39.3% per year).

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, rising by 24% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 87% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 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 the United States ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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