Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Belgium - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Belgium (CIF) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Belgium (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Belgium
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Belgium
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Belgium (CIF) - 2023
In November 2023, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $64.4 per unit, dropping by -12.2% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 19% against the previous month. Over the period under review, average import prices attained the peak figure at $78.6 per unit in April 2023; however, from May 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Serbia ($290 per unit), while the price for China ($66.6 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 Italy (+2.7%), 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 Belgium (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $98 per unit in 2022, increasing by 6.9% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for furniture; wooden, other than for office, kitchen or bedroom use increased by +56.9% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 50%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($381 per unit), while the average price for exports to Ireland ($54 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+18.8%), 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 Belgium
In 2022, purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -3.2% to 8.7M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 101%. Imports peaked at 9M units in 2021, and then declined modestly in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use contracted to $583M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 50% against the previous year. Imports peaked at $621M in 2021, and then shrank in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.0 | 76.1 | 128 | 88.7 | 42.0% |
| Netherlands | 63.9 | 77.6 | 91.8 | 79.3 | 7.5% |
| Poland | 25.6 | 51.4 | 51.1 | 60.4 | 33.1% |
| France | 35.5 | 45.8 | 60.2 | 53.0 | 14.3% |
| Indonesia | 16.3 | 32.9 | 48.7 | 49.2 | 44.5% |
| Italy | 31.9 | 34.6 | 51.2 | 44.0 | 11.3% |
| Germany | 34.2 | 34.2 | 28.9 | 34.3 | 0.1% |
| India | 6.9 | 19.0 | 22.9 | 23.4 | 50.2% |
| Lithuania | 6.3 | 12.8 | 18.8 | 23.1 | 54.2% |
| Romania | 8.6 | 10.0 | 14.3 | 21.2 | 35.1% |
| Denmark | 6.4 | 6.1 | 10.8 | 11.3 | 20.9% |
| Sweden | 7.4 | 11.3 | 8.1 | 10.4 | 12.0% |
| Malaysia | 4.5 | 7.0 | 9.6 | 8.0 | 21.1% |
| Others | 40.2 | 58.3 | 76.7 | 77.2 | 24.3% |
| Total | 319 | 477 | 621 | 583 | 22.3% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Belgium in 2022:
- Netherlands (1871.7K units)
- Poland (1283.0K units)
- China (1131.8K units)
- Germany (585.9K units)
- Lithuania (567.1K units)
- Italy (564.0K units)
- Sweden (457.6K units)
- Romania (390.5K units)
- France (369.5K units)
- Indonesia (341.7K units)
- India (221.8K units)
- Malaysia (198.8K units)
- Denmark (164.3K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Belgium
In 2022, overseas shipments of furniture; wooden, other than for office, kitchen or bedroom use decreased by -9.6% to 3.3M units, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 36%. As a result, the exports attained the peak of 3.6M units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use declined to $320M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 74%. The exports peaked at $331M in 2021, and then reduced modestly in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 74.6 | 128 | 145 | 123 | 18.1% |
| Netherlands | 43.7 | 93.4 | 84.1 | 90.8 | 27.6% |
| Germany | 4.8 | 19.9 | 26.4 | 31.2 | 86.6% |
| United States | 7.1 | 7.9 | 14.4 | 16.0 | 31.1% |
| Ireland | 0.6 | 0.9 | 5.8 | 7.5 | 132.1% |
| Others | 36.4 | 41.6 | 55.1 | 51.5 | 12.3% |
| Total | 167 | 291 | 331 | 320 | 24.2% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Belgium in 2022:
- Netherlands (1253.7K units)
- France (1009.0K units)
- Germany (389.3K units)
- Ireland (139.2K units)
- United States (66.3K units)
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