Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Germany - 2023

Contents:

1. Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Germany (CIF) - 2023
2. Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Germany (FOB) - 2023
3. Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Germany
4. Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Germany

Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Germany (CIF) - 2023

The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $64.2 per unit in November 2023, surging by 2.4% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 7.3% month-to-month. The import price peaked at $70.3 per unit in April 2023; however, from May 2023 to November 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Bosnia and Herzegovina ($93.8 per unit), while the price for Ukraine ($48.0 per unit) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Romania (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Germany (FOB) - 2023

In November 2023, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $94.4 per unit, surging by 5% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in January 2023 an increase of 22% month-to-month. The export price peaked at $107 per unit in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Switzerland ($117 per unit), while the average price for exports to Canada ($41.9 per unit) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Germany

In 2022, overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use decreased by -12.2% to 36M units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of 41M units, and then shrank in the following year.

In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use fell to $2.4B in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of $2.7B, and then shrank in the following year.

Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Germany in 2022:

1. Poland (15.2M units)
2. China (3.7M units)
3. Lithuania (2.5M units)
4. Italy (1.9M units)
5. Netherlands (1.7M units)
6. Ukraine (1.2M units)
7. Sweden (1.2M units)
8. Romania (1.1M units)
9. India (1.1M units)
10. Slovakia (0.9M units)
11. Turkey (0.8M units)
12. Denmark (0.7M units)
13. Vietnam (0.6M units)

Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Germany

In 2022, approx. 17M units of furniture; wooden, other than for office, kitchen or bedroom use were exported from Germany; falling by -10.4% against the year before. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. The exports peaked at 21M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use reduced to $1.4B in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports reached the peak of $1.6B, and then shrank in the following year.

Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Germany in 2022:

1. France (2.9M units)
2. Switzerland (2.4M units)
3. United States (1.9M units)
4. Austria (1.4M units)
5. Italy (1.1M units)
6. Netherlands (1.0M units)
7. United Kingdom (1.0M units)
8. Spain (1.0M units)
9. Poland (0.6M units)
10. Canada (0.5M units)
11. Czech Republic (0.4M units)
12. Sweden (0.4M units)
13. Denmark (0.3M units)

Source: IndexBox Market Intelligence Platform