Slovenia: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Slovenia

The Slovene wooden furniture treatments market contracted to $X in 2022, shrinking by -7.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from Slovenia

After three years of growth, shipments abroad of polishes and creams for wooden furniture and floors decreased by -27.4% to X tons in 2022. In general, exports showed a perceptible reduction. The pace of growth was the most pronounced in 2020 when exports increased by 26% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wooden furniture treatments exports fell significantly to $X in 2022. Overall, exports, however, enjoyed pronounced growth. The pace of growth appeared the most rapid in 2020 when exports increased by 68% against the previous year. The exports peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Croatia (X tons), Serbia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of wooden furniture treatments exports from Slovenia, together accounting for 65% of total exports. North Macedonia, Romania, Montenegro and Italy lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +126.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden furniture treatments exported from Slovenia were Croatia ($X), Serbia ($X) and Bosnia and Herzegovina ($X), together comprising 55% of total exports. Romania, North Macedonia, Montenegro and Italy lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Romania, with a CAGR of +104.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, dropping by -17.7% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments export price increased by +52.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 39% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to North Macedonia ($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 Serbia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Slovenia

In 2022, approx. X tons of polishes and creams for wooden furniture and floors were imported into Slovenia; shrinking by -12.1% against the year before. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 7.1% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden furniture treatments imports dropped notably to $X in 2022. Over the period under review, imports saw a noticeable reduction. The growth pace was the most rapid in 2020 with an increase of 19%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

North Macedonia (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of wooden furniture treatments imports to Slovenia, with a combined 74% share of total imports. The Netherlands, Slovakia, Austria, Croatia, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +46.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments suppliers to Slovenia were Italy ($X), North Macedonia ($X) and Germany ($X), with a combined 56% share of total imports. Croatia, the Netherlands, Slovakia, Austria, Poland and the Czech Republic lagged somewhat behind, together comprising a further 33%.

Croatia, with a CAGR of +56.4%, saw the highest growth rate of the value of imports, among the main suppliers 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 furniture treatments import price amounted to $X per ton, dropping by -3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2020 when the average import price increased by 36% against the previous year. The import price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Croatia ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform