United Kingdom: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in the UK

In 2022, the UK wooden kitchen furniture market increased by 3.1% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Wooden kitchen furniture consumption peaked at $X in 2018; afterwards, it flattened through to 2022.

Wooden Kitchen Furniture Production in the UK

In value terms, wooden kitchen furniture production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Wooden Kitchen Furniture Exports

Exports from the UK

In 2022, overseas shipments of wooden furniture for kitchens increased by 65% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 97%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, wooden kitchen furniture exports expanded significantly to $X in 2022. In general, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +39.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 45% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X units) was the main destination for wooden kitchen furniture exports from the UK, accounting for a 39% share of total exports. Moreover, wooden kitchen furniture exports to Ireland exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was taken by France (X units), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.1% per year) and France (+16.8% per year).

In value terms, Ireland ($X) emerged as the key foreign market for wooden furniture for kitchens exports from the UK, comprising 39% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by France, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Ireland totaled +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-5.8% per year) and France (+10.0% per year).

Export Prices by Country

The average wooden kitchen furniture export price stood at $X per unit in 2022, dropping by -32.7% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Switzerland ($X per unit) and Spain ($X per unit), while the average price for exports to France ($X per unit) and Belgium ($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 Switzerland (-5.6%), while the prices for the other major destinations experienced a decline.

Wooden Kitchen Furniture Imports

Imports into the UK

Wooden kitchen furniture imports into the UK skyrocketed to X units in 2022, growing by 51% compared with the previous year. Overall, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wooden kitchen furniture imports skyrocketed to $X in 2022. Over the period under review, imports showed strong growth. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest wooden kitchen furniture supplier to the UK, accounting for a 51% share of total imports. Moreover, wooden kitchen furniture imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was held by China (X units), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.5% per year) and China (+2.3% per year).

In value terms, Germany ($X) constituted the largest supplier of wooden furniture for kitchens to the UK, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with a 22% share of total imports. It was followed by China, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.1% per year) and China (+1.9% per year).

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, rising by 2.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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