Romania: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Romania

In 2022, the Romanian wooden furniture treatments market decreased by -15% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption showed a pronounced shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports from Romania

In 2022, wooden furniture treatments exports from Romania skyrocketed to X tons, jumping by 157% on the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 250% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden furniture treatments exports skyrocketed to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 134%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for wooden furniture treatments exports from Romania, accounting for a 66% share of total exports. Moreover, wooden furniture treatments exports to Italy exceeded the volume sent to the second major destination, Bulgaria (X tons), fourfold. The third position in this ranking was held by Moldova (X tons), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +49.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-15.4% per year) and Moldova (+17.2% per year).

In value terms, Italy ($X) emerged as the key foreign market for polishes and creams for wooden furniture and floors exports from Romania, comprising 65% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 22% share of total exports. It was followed by Moldova, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +58.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-13.5% per year) and Moldova (+12.5% per year).

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, shrinking by -19.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 52% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Hungary ($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 United Arab Emirates (+273.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Romania

In 2022, overseas purchases of polishes and creams for wooden furniture and floors decreased by -8.2% to X tons, falling for the second consecutive year after three years of growth. Overall, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 54%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports reduced to $X in 2022. Over the period under review, imports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 with an increase of 17%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest wooden furniture treatments supplier to Romania, with a 77% share of total imports. Moreover, wooden furniture treatments imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.4% per year) and Spain (+36.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Romania, comprising 66% of total imports. The second position in the ranking was held by Italy ($X), with a 7.8% share of total imports. It was followed by Greece, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.4% per year) and Greece (-3.7% per year).

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, reducing by -2.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 39% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($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 (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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