Spain: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Spain

The Spanish wooden kitchen furniture market shrank to $X in 2022, which is down by -4.9% against the previous year. Over the period under review, consumption, however, posted a resilient expansion. Wooden kitchen furniture consumption peaked at $X in 2021, and then dropped in the following year.

Wooden Kitchen Furniture Production in Spain

In value terms, wooden kitchen furniture production soared to $X in 2022 estimated in export price. Overall, production posted a resilient increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by 69%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Wooden Kitchen Furniture Exports

Exports from Spain

Wooden kitchen furniture exports from Spain skyrocketed to X units in 2022, growing by 86% compared with the previous year. In general, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden kitchen furniture exports rose significantly to $X in 2022. Overall, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +74.9% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X units) was the main destination for wooden kitchen furniture exports from Spain, with a 56% share of total exports. Moreover, wooden kitchen furniture exports to France exceeded the volume sent to the second major destination, Portugal (X units), fivefold. The United States (X units) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+9.2% per year) and the United States (+28.1% per year).

In value terms, France ($X) remains the key foreign market for wooden furniture for kitchens exports from Spain, comprising 56% of total exports. The second position in the ranking was taken by Portugal ($X), with a 12% share of total exports. It was followed by the United States, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+7.6% per year) and the United States (+26.1% per year).

Export Prices by Country

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, which is down by -41% against the previous year. Overall, the export price showed a mild shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by 49% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Portugal ($X per unit) and the UK ($X per unit), while the average price for exports to France ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-1.5%), while the prices for the other major destinations experienced a decline.

Wooden Kitchen Furniture Imports

Imports into Spain

In 2022, approx. X units of wooden furniture for kitchens were imported into Spain; dropping by -4.1% against the year before. Over the period under review, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when imports increased by 31%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wooden kitchen furniture imports fell slightly to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +22.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 41%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

Germany (X units), Italy (X units) and Lithuania (X units) were the main suppliers of wooden kitchen furniture imports to Spain, with a combined 76% share of total imports. France, Poland, China, Denmark and Portugal lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +50.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Lithuania ($X) constituted the largest wooden kitchen furniture suppliers to Spain, with a combined 76% share of total imports. France, Poland, China, Denmark and Portugal lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Poland, with a CAGR of +49.9%, saw the highest rates of growth with regard to 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

In 2022, the average wooden kitchen furniture import price amounted to $X per unit, picking up by 2.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Portugal ($X per unit) and Denmark ($X per unit), while the price for France ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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