Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Luxembourg - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Luxembourg (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Luxembourg (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Luxembourg
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Luxembourg
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Luxembourg (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $234 per unit in 2022, falling by -3% against the previous year. Overall, the import price, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 51%. As a result, import price reached the peak level of $289 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($279 per unit), while the price for Poland ($66 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.6%), 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 Luxembourg (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $126 per unit, falling by -42.9% against the previous year. Over the period under review, the export price, however, posted prominent growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 79% against the previous year. The export price peaked at $220 per unit in 2021, and then fell significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($743 per unit), while the average price for exports to Switzerland ($79 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 (+27.0%), 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 Luxembourg
In 2022, supplies from abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -8% to 236K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of 257K units, and then fell in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use reduced to $55M in 2022. Over the period under review, imports showed a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports attained the peak of $62M, and then reduced in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 26.3 | 27.6 | 29.0 | 27.4 | 1.4% |
| Belgium | 5.1 | 6.4 | 7.8 | 7.6 | 14.2% |
| Italy | 4.8 | 4.8 | 6.3 | 6.6 | 11.2% |
| France | 5.3 | 5.6 | 6.9 | 5.4 | 0.6% |
| Netherlands | 2.2 | 2.7 | 2.9 | 2.0 | -3.1% |
| Poland | 1.2 | 1.2 | 1.9 | 1.4 | 5.3% |
| Portugal | 0.3 | 0.9 | 0.9 | 1.0 | 49.4% |
| Denmark | 2.0 | 2.1 | 2.9 | 1.0 | -20.6% |
| Others | 9.8 | 3.3 | 3.5 | 2.9 | -33.4% |
| Total | 57.1 | 54.6 | 61.9 | 55.2 | -1.1% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Luxembourg in 2022:
- Germany (98.9K units)
- France (33.9K units)
- Belgium (28.2K units)
- Italy (23.5K units)
- Poland (21.8K units)
- Netherlands (8.9K units)
- Portugal (3.9K units)
- Denmark (3.7K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Luxembourg
In 2022, overseas shipments of furniture; wooden, other than for office, kitchen or bedroom use were finally on the rise to reach 12K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use soared to $1.5M in 2022. Over the period under review, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 251 | 194 | 84.6 | 844 | 49.8% |
| Belgium | 376 | 351 | 342 | 410 | 2.9% |
| Germany | 50.6 | 127 | 123 | 84.0 | 18.4% |
| Switzerland | 58.8 | 7.7 | 45.8 | 31.9 | -18.4% |
| Spain | 5.6 | 164 | N/A | 7.0 | 7.7% |
| Japan | 78.7 | N/A | N/A | N/A | 0% |
| Others | 99.1 | 26.7 | 57.5 | 85.8 | -4.7% |
| Total | 919 | 871 | 653 | 1,464 | 16.8% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Luxembourg in 2022:
- France (8.4K units)
- Belgium (2.2K units)
- Switzerland (0.4K units)
- Germany (0.3K units)
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