Asia: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Asia

The Asian wooden furniture treatments market totaled $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a mild slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in Asia

In value terms, wooden furniture treatments production stood at $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Wooden Furniture Treatments Exports

Exports in Asia

In 2022, overseas shipments of polishes and creams for wooden furniture and floors decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, exports showed a perceptible descent. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wooden furniture treatments exports shrank modestly to $X in 2022. Overall, exports recorded a slight setback. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) and Turkey (X tons) represented the key exporters of polishes and creams for wooden furniture and floors in Asia, together accounting for near X% of total exports. The United Arab Emirates (X tons) ranks next in terms of the total exports with a X% share, followed by India (X%) and Saudi Arabia (X%). Hong Kong SAR (X tons) and Thailand (X tons) followed a long way behind the leaders.

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

In value terms, China ($X) remains the largest wooden furniture treatments supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with an X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

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 Hong Kong SAR ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Wooden Furniture Treatments Imports

Imports in Asia

In 2022, after seven years of decline, there was significant growth in supplies from abroad of polishes and creams for wooden furniture and floors, when their volume increased by X% to X tons. Over the period under review, imports, however, continue to indicate a perceptible contraction. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports expanded remarkably to $X in 2022. In general, imports, however, continue to indicate a slight descent. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons), distantly followed by Hong Kong SAR (X tons), the United Arab Emirates (X tons), Thailand (X tons) and Oman (X tons) represented the key importers of polishes and creams for wooden furniture and floors, together creating X% of total imports. The Philippines (X tons), Turkey (X tons), South Korea (X tons), Georgia (X tons), Japan (X tons), Bahrain (X tons), Israel (X tons) and Kuwait (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wooden furniture treatments imports into China stood at X%. At the same time, Thailand (X%), Oman (X%), Hong Kong SAR (X%), South Korea (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Israel (X%), Georgia (X%), the Philippines (X%), Turkey (X%), Kuwait (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hong Kong SAR, Thailand, Oman, China, Kuwait, the United Arab Emirates and South Korea increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polishes and creams for wooden furniture and floors in Asia, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, wooden furniture treatments imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Oman ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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