Scandinavia: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Scandinavia

In 2022, the Scandinavia wooden kitchen furniture market increased by 2.2% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +28.2% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Wooden Kitchen Furniture Production in Scandinavia

In value terms, wooden kitchen furniture production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 17%. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in years to come.

Wooden Kitchen Furniture Exports

Exports in Scandinavia

In 2022, exports of wooden furniture for kitchens in Scandinavia fell significantly to X units, shrinking by -36.5% compared with the previous year. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 21%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wooden kitchen furniture exports reduced to $X in 2022. In general, exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2021 when exports increased by 17%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden dominates exports structure, amounting to X units, which was approx. 96% of total exports in 2022. Norway (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wooden kitchen furniture exports from Sweden stood at -8.9%. At the same time, Norway (+9.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +9.2% from 2012-2022. From 2012 to 2022, the share of Norway increased by +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest wooden kitchen furniture supplier in Scandinavia, comprising 95% of total exports. The second position in the ranking was held by Norway ($X), with a 2.7% share of total exports.

In Sweden, wooden kitchen furniture exports contracted by an average annual rate of -3.4% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, growing by 44% against the previous year. In general, the export price recorded resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Sweden amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.0%).

Wooden Kitchen Furniture Imports

Imports in Scandinavia

In 2022, after three years of growth, there was significant decline in supplies from abroad of wooden furniture for kitchens, when their volume decreased by -6% to X units. Total imports indicated a tangible increase from 2012 to 2022: its volume 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, imports increased by +59.4% against 2015 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 20% against the previous year. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, wooden kitchen furniture imports contracted modestly to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of $X, and then contracted slightly in the following year.

Imports by Country

Norway was the major importer of wooden furniture for kitchens in Scandinavia, with the volume of imports resulting at X units, which was near 70% of total imports in 2022. Sweden (X units) ranks second in terms of the total imports with a 24% share, followed by Finland (5.8%).

From 2012 to 2022, average annual rates of growth with regard to wooden kitchen furniture imports into Norway stood at +3.9%. At the same time, Finland (+6.2%) and Sweden (+5.4%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +6.2% from 2012-2022. While the share of Sweden (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Norway (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported wooden furniture for kitchens in Scandinavia, comprising 64% of total imports. The second position in the ranking was taken by Sweden ($X), with a 29% share of total imports.

In Norway, wooden kitchen furniture imports expanded at an average annual rate of +3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sweden (+5.0% per year) and Finland (+5.8% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, growing by 3.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 16%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform