Spain: Wooden Frame Market 2024

Wooden Frame Market Size in Spain

In 2022, the Spanish wooden frame market increased by 2.6% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Wooden Frame Production in Spain

In value terms, wooden frame production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 when the production volume increased by 42% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wooden Frame Exports

Exports from Spain

In 2022, the amount of wooden frames for paintings, photographs, mirrors or similar objects exported from Spain dropped significantly to X units, with a decrease of -24.7% compared with the previous year's figure. Over the period under review, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wooden frame exports fell significantly to $X in 2022. In general, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of 21%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units), France (X units) and Italy (X units) were the main destinations of wooden frame exports from Spain, together accounting for 70% of total exports. Poland, Chile, Switzerland, the United States, Germany, Morocco, Mexico and the UK lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +52.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame exported from Spain were France ($X), Portugal ($X) and Italy ($X), with a combined 59% share of total exports. Switzerland, Poland, the United States, the UK, Germany, Chile, Mexico and Morocco lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Chile, with a CAGR of +46.3%, recorded the highest rates of growth with regard to 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 frame export price amounted to $X per unit, increasing by 7.5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 32%. Over the period under review, the average export prices hit record highs at $X per unit 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 Switzerland ($X per unit), while the average price for exports to Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into Spain

In value terms, wooden frame imports declined slightly to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +39.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

In value terms, China ($X), Poland ($X) and France ($X) appeared to be the largest wooden frame suppliers to Spain, with a combined 79% share of total imports. Italy, India, Indonesia, Denmark and Portugal lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Denmark, with a CAGR of +28.1%, recorded 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

The average wooden frame import price stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame import price increased by +96.9% against 2012 indices. The growth pace was the most rapid in 2021 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per unit, leveling off 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 Italy ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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