Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Estonia - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Estonia (FOB) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Estonia (CIF) - 2023
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Estonia
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Estonia
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Estonia (FOB) - 2023
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $162 per unit in November 2023, which is down by -6.1% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 75% month-to-month. As a result, the export price reached the peak level of $173 per unit, and then fell in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($393 per unit), while the average price for exports to Sweden ($116 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 Netherlands (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Estonia (CIF) - 2023
In November 2023, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $62.6 per unit, leveling off at the previous month. Over the period under review, the import price, however, saw a mild setback. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 7.7% m-o-m. Over the period under review, average import prices attained the peak figure at $85.9 per unit in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($316 per unit), while the price for Sweden ($31.9 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 the Netherlands (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Estonia
In 2022, the amount of furniture; wooden, other than for office, kitchen or bedroom use exported from Estonia dropped markedly to 449K units, waning by -15.9% compared with 2021 figures. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 2.8%. Over the period under review, the exports of reached the maximum at 732K 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 contracted to $54M in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. As a result, the exports attained the peak of $63M, and then fell in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 22.7 | 22.4 | 25.8 | 17.9 | -7.6% |
| Sweden | 5.4 | 6.2 | 9.0 | 9.6 | 21.1% |
| United States | 0.7 | 1.2 | 2.7 | 4.9 | 91.3% |
| Denmark | 3.2 | 2.6 | 4.9 | 3.8 | 5.9% |
| Germany | 4.1 | 4.0 | 5.4 | 2.7 | -13.0% |
| Norway | 3.8 | 2.3 | 2.8 | 2.7 | -10.8% |
| France | 0.8 | 1.4 | 2.2 | 2.5 | 46.2% |
| Switzerland | 0.6 | 0.7 | 0.7 | 1.6 | 38.7% |
| United Kingdom | 1.6 | 1.5 | 1.1 | 1.3 | -6.7% |
| Poland | 0.3 | 0.7 | 1.4 | 1.2 | 58.7% |
| Lithuania | 0.5 | 1.2 | 1.3 | 0.8 | 17.0% |
| Spain | 0.7 | 0.9 | 0.3 | 0.7 | 0.0% |
| Latvia | 2.3 | 1.2 | 1.0 | 0.6 | -36.1% |
| Others | 5.6 | 4.5 | 4.1 | 4.0 | -10.6% |
| Total | 52.3 | 50.7 | 62.7 | 54.1 | 1.1% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Estonia in 2022:
- Finland (143.5K units)
- Sweden (99.5K units)
- United States (40.6K units)
- Norway (25.5K units)
- Denmark (25.0K units)
- Germany (18.0K units)
- France (17.8K units)
- Lithuania (11.3K units)
- United Kingdom (9.6K units)
- Spain (8.6K units)
- Poland (7.9K units)
- Switzerland (7.0K units)
- Latvia (6.5K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Estonia
In 2022, after three years of growth, there was decline in overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use, when their volume decreased by -3.4% to 532K units. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 53% against the previous year. Imports peaked at 550K units in 2021, and then shrank in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use shrank slightly to $39M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports reached the peak of $39M, leveling off in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 6.7 | 4.9 | 7.3 | 8.5 | 8.3% |
| Latvia | 2.1 | 9.1 | 10.7 | 8.4 | 58.7% |
| Lithuania | 2.6 | 5.0 | 5.7 | 6.4 | 35.0% |
| Netherlands | 0.3 | 0.3 | 0.5 | 2.3 | 97.2% |
| Germany | 1.1 | 1.3 | 1.7 | 2.0 | 22.1% |
| Ukraine | 1.1 | 1.4 | 1.6 | 1.5 | 10.9% |
| Finland | 0.6 | 1.0 | 1.6 | 1.5 | 35.7% |
| Italy | 1.6 | 1.1 | 1.5 | 1.2 | -9.1% |
| Sweden | 1.3 | 1.1 | 1.3 | 1.1 | -5.4% |
| Belarus | 1.3 | 0.6 | 0.9 | 0.9 | -11.5% |
| China | 2.7 | 0.8 | 1.4 | 0.8 | -33.3% |
| Russia | 1.2 | 1.1 | 1.0 | 0.4 | -30.7% |
| Others | 4.5 | 2.6 | 3.6 | 3.9 | -4.7% |
| Total | 27.1 | 30.4 | 38.8 | 38.8 | 12.7% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Estonia in 2022:
- Latvia (167.3K units)
- Poland (153.3K units)
- Lithuania (71.3K units)
- Netherlands (28.0K units)
- Ukraine (18.5K units)
- Belarus (13.0K units)
- Germany (11.5K units)
- Russia (11.0K units)
- Sweden (8.8K units)
- Finland (7.8K units)
- China (7.8K units)
- Italy (3.5K units)
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