Sweden: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Sweden

In 2022, the Swedish wooden furniture treatments market decreased by -65.6% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption faced a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Wooden Furniture Treatments Production in Sweden

In value terms, wooden furniture treatments production fell significantly to $X in 2022 estimated in export price. Overall, production showed a deep downturn. The growth pace was the most rapid in 2021 when the production volume increased by 8.2%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports from Sweden

In 2022, approx. X tons of polishes and creams for wooden furniture and floors were exported from Sweden; shrinking by -15.2% on the previous year. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 91%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden furniture treatments exports fell markedly to $X in 2022. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 77% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for wooden furniture treatments exports from Sweden, with a 58% share of total exports. Moreover, wooden furniture treatments exports to Germany exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was taken by Denmark (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-12.3% per year) and Denmark (-1.2% per year).

In value terms, Germany ($X), Norway ($X) and Denmark ($X) were the largest markets for wooden furniture treatments exported from Sweden worldwide, with a combined 76% share of total exports. Finland, the UK and Iceland lagged somewhat behind, together accounting for a further 18%.

The UK, with a CAGR of +8.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2022, shrinking by -14.4% against the previous year. In general, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Germany ($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 Finland (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Furniture Treatments Imports

Imports into Sweden

In 2022, approx. X tons of polishes and creams for wooden furniture and floors were imported into Sweden; picking up by 18% compared with 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Imports 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 fell to $X in 2022. In general, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2017 when imports increased by 75%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Denmark (X tons) and Belgium (X tons) were the main suppliers of wooden furniture treatments imports to Sweden, together accounting for 66% of total imports. The Netherlands, the United States, Germany, Turkey and the UK lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +37.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments suppliers to Sweden were Denmark ($X), Italy ($X) and Belgium ($X), together comprising 66% of total imports.

Italy, with a CAGR of +57.6%, recorded the highest rates of growth with regard to 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, which is down by -20.1% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2017 an increase of 82% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :