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

Contents:

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

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

In November 2023, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $74.8 per unit, dropping by -1.9% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 16% against the previous month. Over the period under review, average import prices attained the peak figure at $83.0 per unit in April 2023; however, from May 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 Vietnam ($109 per unit), while the price for China ($52.8 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 Portugal (+2.2%), 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 France (FOB) - 2023

In November 2023, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $169 per unit, surging by 16% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average export price increased by 40% m-o-m. The export price peaked at $202 per unit in June 2023; however, from July 2023 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,081 per unit), while the average price for exports to Democratic Republic of the Congo ($20.9 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 Cabo Verde (+12.9%), 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 France

After three years of growth, purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -8.9% to 23M units in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. As a result, imports reached the peak of 25M units, and then reduced in the following year.

In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use reduced to $1.7B in 2022. The total import value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $1.8B, and then contracted in the following year.

Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2401932722734.4%
Italy230220265226-0.6%
Germany10815221917417.2%
Poland1431381791726.3%
Spain85.199.512712012.1%
Belgium62.811813895.815.1%
Portugal84.671.689.088.81.6%
Vietnam63.557.666.684.29.9%
Lithuania16.220.339.564.458.4%
Indonesia48.632.249.254.74.0%
Romania36.934.549.942.34.7%
Denmark31.334.348.841.49.8%
Sweden11.211.212.515.611.7%
Others2182122772636.5%
Total1,3801,3921,8321,7147.5%

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

  1. China (4.4M units)
  2. Poland (3.1M units)
  3. Italy (2.6M units)
  4. Germany (2.6M units)
  5. Lithuania (1.6M units)
  6. Spain (1.2M units)
  7. Portugal (1.0M units)
  8. Vietnam (0.8M units)
  9. Belgium (0.8M units)
  10. Romania (0.7M units)
  11. Sweden (0.7M units)
  12. Denmark (0.6M units)
  13. Indonesia (0.5M units)

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

In 2022, approx. 3.7M units of furniture; wooden, other than for office, kitchen or bedroom use were exported from France; reducing by -3.6% on the previous year's figure. Overall, exports saw a significant decline. Over the period under review, the exports of hit record highs at 7.7M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use totaled $627M in 2022. The total export value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain51.062.679.983.517.9%
United States63.556.875.182.08.9%
Switzerland60.565.688.779.39.4%
Italy53.347.857.978.513.8%
United Kingdom23.626.263.660.036.5%
Germany47.458.859.552.93.7%
Belgium37.243.049.347.58.5%
Portugal8.18.79.913.919.7%
Netherlands10.110.010.310.51.3%
Senegal2.21.43.02.31.5%
Others127112122117-2.7%
Total4844936196279.0%

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

  1. Belgium (674.9K units)
  2. Spain (557.0K units)
  3. Italy (512.2K units)
  4. Germany (416.1K units)
  5. Switzerland (317.8K units)
  6. United Kingdom (162.0K units)
  7. Portugal (124.4K units)
  8. Netherlands (100.4K units)
  9. United States (98.1K units)
  10. Senegal (72.1K units)

Source: IndexBox Market Intelligence Platform

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