Global Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size

The global wooden kitchen furniture market rose sharply to $X in 2022, picking up by 9.9% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wooden Kitchen Furniture Production

In value terms, wooden kitchen furniture production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 10%. Global production peaked in 2022 and is likely to see steady growth in the immediate term.

Wooden Kitchen Furniture Exports

Exports

Global wooden kitchen furniture exports reduced remarkably to X units in 2022, waning by -25.7% on the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 17%. Over the period under review, the global exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, wooden kitchen furniture exports shrank to $X in 2022. The total export value increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

Germany (X units) and China (X units) represented the key exporters of wooden furniture for kitchens in 2022, accounting for near 19% and 18% of total exports, respectively. Malaysia (X units) held the next position in the ranking, followed by Canada (X units) and Italy (X units). All these countries together took near 26% share of total exports. Spain (X units), Poland (X units), Thailand (X units), Vietnam (X units), Mexico (X units), Indonesia (X units), Denmark (X units) and the UK (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mexico (with a CAGR of +30.4%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest wooden kitchen furniture supplier worldwide, comprising 32% of global exports. The second position in the ranking was held by Italy ($X), with a 12% share of global exports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled +3.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+3.4% per year) and China (-0.0% per year).

Export Prices by Country

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, with an increase of 35% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden kitchen furniture export price increased by +72.0% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.8%), while the other global leaders experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports

For the eighth consecutive year, the global market recorded growth in supplies from abroad of wooden furniture for kitchens, which increased by 27% to X units in 2022. Over the period under review, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden kitchen furniture imports rose rapidly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.6% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X units) was the key importer of wooden furniture for kitchens, creating 48% of total imports. France (X units) held a 6.6% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (5.8%). Norway (X units), Switzerland (X units), the UK (X units), Malaysia (X units), Austria (X units) and Germany (X units) held a little share of total imports.

The United States was also the fastest-growing in terms of the wooden furniture for kitchens imports, with a CAGR of +39.0% from 2012 to 2022. At the same time, Malaysia (+28.2%), the Netherlands (+12.6%), the UK (+10.1%), Norway (+3.9%), Germany (+3.5%) and France (+3.0%) displayed positive paces of growth. Switzerland and Austria experienced a relatively flat trend pattern. The United States (+43 p.p.) and Malaysia (+2.1 p.p.) significantly strengthened its position in terms of the global imports, while Germany, Austria, Norway, Switzerland and France saw its share reduced by -1.9%, -3.7%, -3.8%, -6.3% and -8.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported wooden furniture for kitchens worldwide, comprising 35% of global imports. The second position in the ranking was taken by France ($X), with an 8.4% share of global imports. It was followed by the Netherlands, with a 7.4% share.

In the United States, wooden kitchen furniture imports expanded at an average annual rate of +13.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (+2.6% per year) and the Netherlands (+12.2% per year).

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, reducing by -13.5% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.7%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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