Saudi Arabia: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Saudi Arabia

The Saudi wooden furniture treatments market expanded notably to $X in 2022, rising by 10% against the previous year. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.9% against 2018 indices. Wooden furniture treatments consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in Saudi Arabia

In value terms, wooden furniture treatments production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 114%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Wooden Furniture Treatments Exports

Exports from Saudi Arabia

In 2022, shipments abroad of polishes and creams for wooden furniture and floors decreased by -5.7% to X tons, falling for the second consecutive year after two years of growth. In general, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 132% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden furniture treatments exports fell to $X in 2022. Overall, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.8% against 2016 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 55% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for wooden furniture treatments exports from Saudi Arabia, accounting for a 99% share of total exports. It was followed by Jordan (X tons), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bahrain totaled +37.2%.

In value terms, Bahrain ($X) emerged as the key foreign market for polishes and creams for wooden furniture and floors exports from Saudi Arabia, comprising 97% of total exports. The second position in the ranking was taken by Jordan ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bahrain stood at +27.8%.

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2015 an increase of 25% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Bahrain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Saudi Arabia

In 2015, supplies from abroad of polishes and creams for wooden furniture and floors was finally on the rise to reach X tons for the first time since 2012, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2015, imports remained at a lower figure.

In value terms, wooden furniture treatments imports skyrocketed to $X in 2015. Over the period under review, imports, however, continue to indicate a abrupt decline. Imports peaked at $X in 2012; however, from 2013 to 2015, imports remained at a lower figure.

Imports by Country

In 2015, Italy (X tons) constituted the largest supplier of wooden furniture treatments to Saudi Arabia, with a 45% share of total imports. Moreover, wooden furniture treatments imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold.

From 2012 to 2015, the average annual growth rate of volume from Italy stood at -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (0.0% per year) and the United States (-11.0% per year).

In value terms, Italy ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Saudi Arabia, comprising 38% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports.

From 2012 to 2015, the average annual rate of growth in terms of value from Italy amounted to -13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.0% per year) and Germany (0.0% per year).

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2015, increasing by 8.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 13%. As a result, import price attained the peak level of $X per ton. From 2014 to 2015, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2015, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was attained by the United States (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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