United Kingdom: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in the UK

The UK wooden furniture treatments market reduced modestly to $X in 2022, approximately reflecting the previous year. Overall, consumption showed a relatively flat trend pattern. Wooden furniture treatments consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in the UK

In value terms, wooden furniture treatments production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 112% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Wooden Furniture Treatments Exports

Exports from the UK

In 2022, the amount of polishes and creams for wooden furniture and floors exported from the UK reduced to X tons, shrinking by -7.5% compared with the previous year. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 6.1%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wooden furniture treatments exports contracted sharply to $X in 2022. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for wooden furniture treatments exports from the UK, with a 28% share of total exports. Moreover, wooden furniture treatments exports to Ireland exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland totaled -13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+9.8% per year) and the United States (+5.9% per year).

In value terms, the largest markets for wooden furniture treatments exported from the UK were Ireland ($X), the United States ($X) and Spain ($X), together accounting for 46% of total exports. Poland, Kuwait, Saudi Arabia, China, Jordan, the United Arab Emirates, Australia, France, Norway and Libya lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Jordan, with a CAGR of +53.3%, recorded 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, dropping by -9.8% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden furniture treatments export price increased by +112.1% against 2012 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27%. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Libya ($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 Spain (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into the UK

In 2022, the amount of polishes and creams for wooden furniture and floors imported into the UK amounted to X tons, picking up by 4.2% on 2021. In general, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports skyrocketed to $X in 2022. Overall, imports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 36%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest wooden furniture treatments supplier to the UK, with a 83% share of total imports. Moreover, wooden furniture treatments imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.8% per year) and France (-13.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to the UK, comprising 66% of total imports. The second position in the ranking was taken by France ($X), with a 7.2% share of total imports. It was followed by the United States, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.4% per year) and the United States (+5.6% per year).

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, surging by 11% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 26%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 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 United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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