Southern Asia: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Southern Asia

The South Asian wooden furniture treatments market totaled $X in 2022, remaining constant against the previous year. Over the period under review, consumption continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2016 with an increase of 9.4% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in Southern Asia

In value terms, wooden furniture treatments production rose to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep setback. The pace of growth was the most pronounced in 2016 with an increase of 17% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wooden Furniture Treatments Exports

Exports in Southern Asia

In 2022, exports of polishes and creams for wooden furniture and floors in Southern Asia declined notably to X tons, which is down by -30.7% compared with 2021 figures. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 492% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped significantly in the following year.

In value terms, wooden furniture treatments exports contracted rapidly to $X in 2022. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by 298%. The level of export peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

The shipments of the one major exporters of polishes and creams for wooden furniture and floors, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the polishes and creams for wooden furniture and floors exports, with a CAGR of +25.1% from 2012 to 2022. While the share of India (+12 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest wooden furniture treatments supplier in Southern Asia.

In India, wooden furniture treatments exports increased at an average annual rate of +9.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, falling by -9.8% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when the export price increased by 33%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -12.7% per year.

Wooden Furniture Treatments Imports

Imports in Southern Asia

In 2022, approx. X tons of polishes and creams for wooden furniture and floors were imported in Southern Asia; shrinking by -29.4% against the year before. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports contracted to $X in 2022. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 39%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Nepal (X tons) and India (X tons) represented roughly 56% of total imports in 2022. It was distantly followed by Pakistan (X tons), Bangladesh (X tons) and Maldives (X tons), together comprising a 39% share of total imports. Sri Lanka (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +21.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X) constitutes the largest market for imported polishes and creams for wooden furniture and floors in Southern Asia, comprising 47% of total imports. The second position in the ranking was held by Pakistan ($X), with a 20% share of total imports. It was followed by Nepal, with an 11% share.

In India, wooden furniture treatments imports shrank by an average annual rate of -9.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (-19.1% per year) and Nepal (+25.5% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, growing by 33% against the previous year. Over the period under review, the import price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2018 an increase of 60% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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