United Kingdom: Wooden Frame Market 2024

Wooden Frame Market Size in the UK

The UK wooden frame market declined to $X in 2022, waning by -12.8% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Wooden Frame Production in the UK

In value terms, wooden frame production declined to $X in 2022 estimated in export price. In general, production saw prominent growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 165% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Wooden Frame Exports

Exports from the UK

Wooden frame exports from the UK contracted to X units in 2022, dropping by -12.9% against the previous year. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.3% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wooden frame exports rose slightly to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.1% 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 +4.8% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 45%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X units), Spain (X units) and Finland (X units) were the main destinations of wooden frame exports from the UK, together comprising 57% of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +53.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Finland ($X) and Ireland ($X) were the largest markets for wooden frame exported from the UK worldwide, together comprising 40% of total exports.

In terms of the main countries of destination, Finland, with a CAGR of +48.1%, 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

In 2022, the average wooden frame export price amounted to $X per unit, jumping by 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Italy ($X per unit), while the average price for exports to Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into the UK

For the third consecutive year, the UK recorded decline in overseas purchases of wooden frames for paintings, photographs, mirrors or similar objects, which decreased by -26.7% to X units in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 14% against the previous year. 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 frame imports declined markedly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame supplier to the UK, accounting for a 64% share of total imports. Moreover, wooden frame imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. Finland (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.8% per year) and Finland (-4.9% per year).

In value terms, China ($X) constituted the largest supplier of wooden frames for paintings, photographs, mirrors or similar objects to the UK, comprising 65% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by Latvia, with a 2.2% 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: Poland (+12.0% per year) and Latvia (+488.9% per year).

Import Prices by Country

In 2022, the average wooden frame import price amounted to $X per unit, picking up by 11% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 18% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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