Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in India - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in India (FOB) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in India (CIF) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in India
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in India
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in India (FOB) - 2023
In November 2023, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $68.6 per unit, shrinking by -2.5% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 38% against the previous month. Over the period under review, the average export prices reached the maximum at $76.8 per unit in January 2023; however, from February 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($109 per unit), while the average price for exports to Spain ($53.5 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.0%), 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 India (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $52 per unit in 2022, picking up by 31% against the previous year. In general, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 45% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($125 per unit), while the price for Poland ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.0%), 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 India
In 2022, overseas shipments of furniture; wooden, other than for office, kitchen or bedroom use decreased by -29.3% to 11M units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, the exports attained the peak of 16M units, and then plummeted in the following year.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use fell to $743M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +36.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. As a result, the exports attained the peak of $855M, and then declined in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 236 | 244 | 397 | 376 | 16.8% |
| Germany | 63.5 | 68.9 | 98.6 | 73.2 | 4.9% |
| Netherlands | 48.7 | 60.6 | 80.8 | 61.9 | 8.3% |
| France | 51.3 | 43.1 | 61.5 | 43.5 | -5.3% |
| United Kingdom | 35.5 | 29.7 | 51.7 | 38.0 | 2.3% |
| Canada | 15.8 | 14.0 | 23.9 | 23.3 | 13.8% |
| Australia | 14.7 | 17.6 | 24.6 | 21.9 | 14.2% |
| Spain | 9.1 | 9.8 | 16.7 | 19.0 | 27.8% |
| Others | 70.1 | 71.7 | 101 | 86.8 | 7.4% |
| Total | 544 | 560 | 855 | 743 | 11.0% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from India in 2022:
- United States (6.7M units)
- Netherlands (0.9M units)
- Germany (0.9M units)
- France (0.5M units)
- Canada (0.4M units)
- United Kingdom (0.4M units)
- Australia (0.2M units)
- Spain (0.2M units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in India
For the third year in a row, India recorded decline in overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use, which decreased by -19.7% to 1.4M units in 2022. Over the period under review, imports showed a precipitous descent. The smallest decline of -16.5% was in 2021. Over the period under review, imports of reached the maximum at 5.5M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use expanded significantly to $70M in 2022. In general, imports continue to indicate a precipitous shrinkage. Imports peaked at $142M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 76.3 | 28.4 | 21.8 | 21.9 | -34.0% |
| Malaysia | 23.8 | 9.5 | 13.3 | 16.7 | -11.1% |
| Italy | 12.9 | 6.5 | 5.7 | 4.6 | -29.1% |
| Sri Lanka | 3.2 | 2.3 | 3.2 | 3.1 | -1.1% |
| Indonesia | 4.3 | 1.9 | 2.4 | 2.7 | -14.4% |
| Thailand | 1.2 | 1.8 | 3.7 | 2.4 | 26.0% |
| Bangladesh | 1.3 | 0.9 | 1.2 | 0.9 | -11.5% |
| Poland | 1.0 | 0.3 | 0.3 | 0.6 | -15.7% |
| Others | 17.9 | 13.0 | 14.9 | 17.2 | -1.3% |
| Total | 142 | 64.5 | 66.4 | 70.0 | -21.0% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to India in 2022:
- China (776.7K units)
- Malaysia (294.5K units)
- Sri Lanka (52.4K units)
- Italy (36.5K units)
- Bangladesh (33.4K units)
- Poland (33.4K units)
- Thailand (28.2K units)
- Indonesia (21.7K units)
533
This report provides an in-depth analysis of the wooden office furniture market in India.
348
This report provides an in-depth analysis of the metal furniture market in India.
531
This report provides an in-depth analysis of the plastic furniture market in India.
540
This report provides an in-depth analysis of the metal office furniture market in India.
418
This report provides an in-depth analysis of the wooden bedroom furniture market in India.
339
This report provides an in-depth analysis of the wooden kitchen furniture market in India.
237
This report provides an in-depth analysis of the market for cane and fabric furniture in India.
423
This report provides an in-depth analysis of the metal domestic furniture market in India.
788
This report provides an in-depth analysis of the global wooden office furniture market.
505
Global Metal Furniture Market Report 2018. This report provides an in-depth analysis of the global metal furniture market.
280
From January 2023 to July 2023, the exports of Wooden Office Furniture experienced a slightly lower growth rate. In terms of value, the exports of Wooden Office Furniture reached $4.4M in July 2023.
238
Global wooden office furniture market is projected to continue its upward consumption trend with an anticipated increase in volume and value. The market is forecasted to grow at a CAGR of +1.4% for the period 2023-2030, reaching 576M units and $60.8B in value by 2030.
164
Discover the top countries importing wooden office furniture and their import values. Explore the trends in the global market for wooden office furniture.
283
Explore the top import markets for plastic furniture in the world, including key statistics and trends. Discover which countries lead the way in the global trade of plastic furniture.
162
Explore the world's best import markets for metal office furniture and discover key statistics and insights. Learn about the top countries driving the global market.
1489
China dominates in the global office metal furniture trade. In 2014, China's exports amounted to X thousand tons or X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total metal fur
192
Explore the top import markets for wooden bedroom furniture in the world and discover the countries with the highest demand for quality wooden furniture imports.
58
Explore the top import markets for wooden kitchen furniture in 2023, including the United States, France, and the Netherlands. Discover key statistics and insights from IndexBox market intelligence platform.
312
Explore the top import markets for metal domestic furniture based on Import Value data from IndexBox. Discover the countries with the highest import values and key statistics in the metal furniture industry.
457
Global trade volume of metal household furniture soared to $33B, reaching the highest level ever. The U.S. remains the key importer of metal furniture worldwide, accounting for 32% of total supplies in 2020.
