Wooden Furniture Treatments Market

The global wooden furniture treatments market is forecasted to experience growth in both volume and value over the period from 2022 to 2030. Consumption, production, imports, and exports trends are analyzed, with insights into key consuming, producing, importing, and exporting countries. The article provides detailed data on market performance, including consumption volumes, market values, production volumes, export and import volumes, and average prices. Trends in consumption, production, and trade are discussed, highlighting growth rates and changes in market dynamics.

Market Forecast

Driven by rising demand for wooden furniture treatments worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.3% for the period from 2022 to 2030, which is projected to bring the market volume to 418K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market value to $1.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Polishes And Creams For Wooden Furniture And Floors

In 2022, the amount of polishes and creams for wooden furniture and floors consumed worldwide fell markedly to 379K tons, shrinking by -18% against the previous year's figure. Overall, consumption recorded a noticeable decrease. Over the period under review, global consumption reached the maximum volume at 520K tons in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The global wooden furniture treatments market size fell to $1B in 2022, shrinking by -9.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a noticeable decrease. Global consumption peaked at $1.4B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The country with the largest volume of wooden furniture treatments consumption was China (103K tons), accounting for 27% of total volume. Moreover, wooden furniture treatments consumption in China exceeded the figures recorded by the second-largest consumer, the United States (47K tons), twofold. The third position in this ranking was taken by India (40K tons), with an 11% share.

In China, wooden furniture treatments consumption shrank by an average annual rate of -1.1% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (-5.5% per year) and India (-1.5% per year).

In value terms, the largest wooden furniture treatments markets worldwide were China ($235M), the United States ($184M) and India ($115M), with a combined 52% share of the global market. Indonesia, Turkey, Mexico, Russia, the UK, France and Brazil lagged somewhat behind, together accounting for a further 22%.

In terms of the main consuming countries, Turkey, with a CAGR of +3.0%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced mixed trends in the market figures.

The countries with the highest levels of wooden furniture treatments per capita consumption in 2022 were the UK (270 kg per 1000 persons), the United States (139 kg per 1000 persons) and France (117 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by France (with a CAGR of +1.8%), while consumption for the other global leaders experienced mixed trends in the per capita consumption figures.

Production

World Production of Polishes And Creams For Wooden Furniture And Floors

Global wooden furniture treatments production declined dramatically to 377K tons in 2022, waning by -20.9% on 2021 figures. In general, production recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, global production attained the peak volume at 530K tons in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, wooden furniture treatments production declined to $1B in 2022 estimated in export price. Over the period under review, production recorded a perceptible slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 15%. Global production peaked at $1.4B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

China (104K tons) constituted the country with the largest volume of wooden furniture treatments production, accounting for 27% of total volume. Moreover, wooden furniture treatments production in China exceeded the figures recorded by the second-largest producer, the United States (49K tons), twofold. The third position in this ranking was taken by India (40K tons), with an 11% share.

In China, wooden furniture treatments production shrank by an average annual rate of -1.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-5.2% per year) and India (-1.4% per year).

Imports

World Imports of Polishes And Creams For Wooden Furniture And Floors

In 2022, overseas purchases of polishes and creams for wooden furniture and floors decreased by -6% to 61K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 7.4%. Over the period under review, global imports reached the maximum at 83K tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports amounted to $167M in 2022. Over the period under review, imports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. Over the period under review, global imports reached the maximum at $218M in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports By Country

In 2022, France (7.3K tons), followed by the UK (4.8K tons), Italy (4.4K tons), Poland (4K tons), Spain (3.1K tons) and Germany (2.8K tons) were the largest importers of polishes and creams for wooden furniture and floors, together achieving 43% of total imports. The following importers - Romania (2.7K tons), the United States (1.9K tons), Belgium (1.9K tons), Canada (1.5K tons), Portugal (1.5K tons), Zambia (1.5K tons) and China (1.4K tons) - together made up 20% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by France (with a CAGR of +2.2%), while imports for the other global leaders experienced mixed trends in the imports figures.

In value terms, France ($13M), Germany ($11M) and Poland ($10M) were the countries with the highest levels of imports in 2022, with a combined 21% share of global imports.

France, with a CAGR of +3.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average wooden furniture treatments import price amounted to $2,737 per ton, growing by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2017 an increase of 10%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 China ($7,115 per ton), while Zambia ($904 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Polishes And Creams For Wooden Furniture And Floors

In 2022, overseas shipments of polishes and creams for wooden furniture and floors decreased by -25.8% to 60K tons, falling for the second year in a row after three years of growth. In general, exports saw a pronounced slump. The pace of growth was the most pronounced in 2020 when exports increased by 23%. The global exports peaked at 92K tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wooden furniture treatments exports dropped dramatically to $162M in 2022. Over the period under review, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. Over the period under review, the global exports reached the maximum at $226M in 2021, and then reduced remarkably in the following year.

Exports By Country

The Netherlands represented the largest exporter of polishes and creams for wooden furniture and floors in the world, with the volume of exports reaching 19K tons, which was approx. 32% of total exports in 2022. Italy (7.4K tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by the United States (7.7%) and South Africa (4.8%). The following exporters - Germany (2.4K tons), China (2.3K tons), Portugal (2.3K tons), Turkey (1.8K tons), Denmark (1.6K tons), France (1.4K tons), the UK (1.2K tons), Belgium (1.2K tons) and Spain (1K tons) - together made up 25% of total exports.

From 2012 to 2022, average annual rates of growth with regard to wooden furniture treatments exports from the Netherlands stood at -5.3%. At the same time, Portugal (+36.5%), Denmark (+5.2%) and Turkey (+1.7%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in the world, with a CAGR of +36.5% from 2012-2022. France, China and Belgium experienced a relatively flat trend pattern. By contrast, the United States (-1.3%), Italy (-3.5%), Germany (-3.9%), South Africa (-4.4%), Spain (-7.0%) and the UK (-16.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Portugal, the United States and Denmark increased by +3.7, +2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wooden furniture treatments supplying countries worldwide were the Netherlands ($32M), Italy ($17M) and the United States ($16M), with a combined 40% share of global exports. Denmark, Germany, South Africa, China, France, Portugal, the UK, Belgium, Turkey and Spain lagged somewhat behind, together accounting for a further 41%.

In terms of the main exporting countries, Portugal, with a CAGR of +25.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average wooden furniture treatments export price amounted to $2,720 per ton, declining by -3.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2017 an increase of 16%. Over the period under review, the average export prices attained the peak figure at $2,820 per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($7,244 per ton), while the Netherlands ($1,656 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 (+7.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform