United Arab Emirates: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in the United Arab Emirates

After three years of decline, the wooden furniture treatments market in the United Arab Emirates increased by 7% to $X in 2022. Over the period under review, consumption, however, saw a pronounced decline. Wooden furniture treatments consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in the United Arab Emirates

In value terms, wooden furniture treatments production surged to $X in 2022 estimated in export price. Overall, production saw a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 1,454%. Wooden furniture treatments production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of polishes and creams for wooden furniture and floors were exported from the United Arab Emirates; increasing by 4.1% on the previous year's figure. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 324% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden furniture treatments exports dropped to $X in 2022. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 271% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons), Mozambique (X tons) and Bahrain (X tons) were the main destinations of wooden furniture treatments exports from the United Arab Emirates, with a combined 71% share of total exports. Egypt, Rwanda and Spain lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +1,202.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden furniture treatments exported from the United Arab Emirates were Egypt ($X), Bahrain ($X) and Mozambique ($X), together accounting for 70% of total exports. Rwanda, Spain and Tanzania lagged somewhat behind, together comprising a further 19%.

In terms of the main countries of destination, Spain, with a CAGR of +999.1%, saw the highest growth rate of 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

The average wooden furniture treatments export price stood at $X per ton in 2022, shrinking by -10.7% against the previous year. In general, the export price, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2014 an increase of 43%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Tanzania ($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 Egypt (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into the United Arab Emirates

For the fifth consecutive year, the United Arab Emirates recorded decline in supplies from abroad of polishes and creams for wooden furniture and floors, which decreased by -6.4% to X tons in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when imports increased by 42%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, wooden furniture treatments imports surged to $X in 2022. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 30%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of wooden furniture treatments to the United Arab Emirates, accounting for a 70% share of total imports. Moreover, wooden furniture treatments imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-26.0% per year) and the Netherlands (+11.4% per year).

In value terms, China ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to the United Arab Emirates, comprising 58% of total imports. The second position in the ranking was held by the UK ($X), with a 9.2% share of total imports. It was followed by the Netherlands, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-16.4% per year) and the Netherlands (+16.2% per year).

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, with an increase of 26% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 46% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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