Portugal: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Portugal

The Portuguese wooden furniture treatments market declined remarkably to $X in 2022, dropping by -92.7% against the previous year. Over the period under review, consumption showed a precipitous contraction. Wooden furniture treatments consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Wooden Furniture Treatments Production in Portugal

In value terms, wooden furniture treatments production contracted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 117% against the previous year. Wooden furniture treatments production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from Portugal

In 2022, after four years of growth, there was significant decline in shipments abroad of polishes and creams for wooden furniture and floors, when their volume decreased by -43% to X tons. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2014 when exports increased by 524% against the previous year. The exports peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, wooden furniture treatments exports fell rapidly to $X in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 256% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then declined significantly in the following year.

Exports by Country

France (X tons) was the main destination for wooden furniture treatments exports from Portugal, accounting for a 64% share of total exports. Moreover, wooden furniture treatments exports to France exceeded the volume sent to the second major destination, Germany (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +95.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+114.9% per year) and Spain (+12.9% per year).

In value terms, France ($X) remains the key foreign market for polishes and creams for wooden furniture and floors exports from Portugal, comprising 54% of total exports. The second position in the ranking was taken by Germany ($X), with a 24% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +76.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+63.2% per year) and Spain (+7.1% per year).

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, picking up by 19% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 34% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 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 Italy ($X per ton), while the average price for exports to France ($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 UK (+2.5%), while the prices for the other major destinations experienced a decline.

Wooden Furniture Treatments Imports

Imports into Portugal

In 2022, purchases abroad of polishes and creams for wooden furniture and floors decreased by -16.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports dropped sharply to $X in 2022. Over the period under review, imports saw a pronounced decrease. The pace of growth appeared the most rapid 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 lower figure.

Imports by Country

In 2022, Spain (X tons) was the main supplier of wooden furniture treatments to Portugal, accounting for a 98% share of total imports. It was followed by France (X tons), with a 1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain was relatively modest.

In value terms, Spain ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Portugal, comprising 97% of total imports. The second position in the ranking was held by France ($X), with a 1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at -2.6%.

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, reducing by -9.7% against the previous year. Overall, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for France amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-1.2%).

Source: IndexBox Platform

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