EU's Wood Furniture Polish and Cream Market Totaled $141M - Global Trade Magazine
  May 25th, 2020 | Written by

EU’s Wood Furniture Polish and Cream Market Totaled $141M

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  • The wooden furniture treatments export price in the European Union stood at $2,367 per tonne in 2018.
  • From 2014 to 2018, the most notable rate of growth in terms of prices was attained by the UK.
  • The revenue of the wooden furniture treatments market in the European Union amounted to $141M in 2018, rising by 7.1%.

IndexBox has just published a new report: ‘EU – Polishes And Creams For Wooden Furniture And Floors – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the wooden furniture treatments market in the European Union amounted to $141M in 2018, rising by 7.1% 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).

Consumption By Country in the EU

The countries with the highest volumes of wooden furniture treatments consumption in 2018 were the UK (19K tonnes), France (11K tonnes) and Italy (10K tonnes), together comprising 56% of total consumption.

From 2014 to 2018, the most notable rate of growth in terms of wooden furniture treatments consumption, amongst the main consuming countries, was attained by France, while wooden furniture treatments consumption for the other leaders experienced more modest paces of growth.

Exports in the EU

The exports stood at 36K tonnes in 2018, leveling off at the previous year. In value terms, wooden furniture treatments exports stood at $86M (IndexBox estimates) in 2018. In general, wooden furniture treatments exports, however, continue to shrink steadily.

Exports by Country

In 2018, Italy (11K tonnes) and the Netherlands (9.6K tonnes) represented the largest exporters of polishes and creams for wooden furniture and floors in the European Union, together resulting at near 57% of total exports. Germany (2.5K tonnes) held a 6.9% share (based on tonnes) of total exports, which put it in second place, followed by Hungary (5.6%) and Belgium (5%). The UK (1.5K tonnes), Denmark (1.3K tonnes), Spain (1.1K tonnes), France (1K tonnes), Portugal (0.9K tonnes), Poland (0.7K tonnes) and the Czech Republic (0.7K tonnes) took a relatively small share of total exports.

From 2014 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Portugal, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments supplying countries in the European Union were the Netherlands ($17M), Italy ($12M) and Germany ($11M), with a combined 47% share of total exports. These countries were followed by Denmark, Belgium, the UK, France, Spain, Portugal, Poland, Hungary and the Czech Republic, which together accounted for a further 44%.

In terms of the main exporting countries, Portugal recorded the highest rates of growth with regard to the value of exports, over the period under review, while exports for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The wooden furniture treatments export price in the European Union stood at $2,367 per tonne in 2018, remaining constant against the previous year. Over the period from 2014 to 2018, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2017 when the export price increased by 19% y-o-y. Over the period under review, the export prices for polishes and creams for wooden furniture and floors reached their maximum in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Denmark ($6,709 per tonne), while Hungary ($929 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform