Portugal: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Portugal

In 2022, the Portuguese wooden kitchen furniture market increased by 14% to $X, rising for the seventh consecutive year after three years of decline. Over the period under review, consumption showed a strong expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Wooden Kitchen Furniture Production in Portugal

In value terms, wooden kitchen furniture production stood at $X in 2022 estimated in export price. Over the period under review, production posted prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 34% against the previous year. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in years to come.

Wooden Kitchen Furniture Exports

Exports from Portugal

Wooden kitchen furniture exports from Portugal contracted remarkably to X units in 2022, waning by -21.5% on 2021 figures. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 54%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, wooden kitchen furniture exports amounted to $X in 2022. Overall, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 54% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X units) was the main destination for wooden kitchen furniture exports from Portugal, with a 41% share of total exports. Moreover, wooden kitchen furniture exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by the United States (X units), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+101.5% per year) and the United States (+58.5% per year).

In value terms, France ($X) remains the key foreign market for wooden furniture for kitchens exports from Portugal, comprising 42% of total exports. The second position in the ranking was taken by Germany ($X), with a 15% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+107.3% per year) and the United States (+64.9% per year).

Export Prices by Country

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, surging by 29% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden kitchen furniture export price increased by +71.2% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Angola ($X per unit) and Switzerland ($X per unit), while the average price for exports to Germany ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into Portugal

Wooden kitchen furniture imports into Portugal surged to X units in 2022, increasing by 18% against 2021. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 76% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, wooden kitchen furniture imports skyrocketed to $X in 2022. In general, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 55%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of wooden kitchen furniture to Portugal, with a 50% share of total imports. Moreover, wooden kitchen furniture imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.2% per year) and Germany (+9.8% per year).

In value terms, Spain ($X) constituted the largest supplier of wooden furniture for kitchens to Portugal, comprising 50% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.7% per year) and Germany (+9.4% per year).

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, picking up by 2.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per unit) and Germany ($X per unit), while the price for the UK ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :