Romania: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Romania

In 2022, the Romanian wooden kitchen furniture market was finally on the rise to reach $X after two years of decline. In general, consumption recorded a abrupt contraction. Wooden kitchen furniture consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Wooden Kitchen Furniture Production in Romania

In value terms, wooden kitchen furniture production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 130% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in years to come.

Wooden Kitchen Furniture Exports

Exports from Romania

In 2022, the amount of wooden furniture for kitchens exported from Romania dropped to X units, with a decrease of -12.6% compared with 2021. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 146%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wooden kitchen furniture exports surged to $X in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 146% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for wooden kitchen furniture exports from Romania, accounting for a 35% share of total exports. Moreover, wooden kitchen furniture exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fourfold. Canada (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.9% per year) and Canada (+107.4% per year).

In value terms, the United States ($X) remains the key foreign market for wooden furniture for kitchens exports from Romania, comprising 36% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.9% share of total exports. It was followed by Canada, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+31.8% per year) and Canada (+117.8% per year).

Export Prices by Country

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, surging by 39% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 +99.8% 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 somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per unit) and Malaysia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and China ($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 Malaysia (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into Romania

For the eighth consecutive year, Romania recorded growth in supplies from abroad of wooden furniture for kitchens, which increased by 8.8% to X units in 2022. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 72% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, wooden kitchen furniture imports expanded sharply to $X in 2022. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 55%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X units), Germany (X units) and Moldova (X units) were the main suppliers of wooden kitchen furniture imports to Romania, with a combined 52% share of total imports. Italy, Serbia, Lithuania and Ukraine lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +69.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden kitchen furniture suppliers to Romania were Poland ($X), Germany ($X) and Moldova ($X), together comprising 52% of total imports. Italy, Serbia, Lithuania and Ukraine lagged somewhat behind, together comprising a further 40%.

Among the main suppliers, Lithuania, with a CAGR of +68.6%, saw 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 kitchen furniture import price amounted to $X per unit, with an increase of 2.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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