Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Romania - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Romania (FOB) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Romania (CIF) - 2023
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Romania
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Romania
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Romania (FOB) - 2023
In November 2023, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $77.7 per unit, declining by -14.5% against the previous month. Overall, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in September 2023 an increase of 11% against the previous month. The export price peaked at $97.3 per unit in June 2023; however, from July 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 the United States ($195 per unit), while the average price for exports to Serbia ($51.3 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 Switzerland (+4.4%), 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 Romania (CIF) - 2023
In November 2023, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $65.9 per unit, rising by 12% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Moldova ($119 per unit), while the price for Serbia ($44.4 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 Sweden (+7.9%), 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 Romania
Exports of furniture; wooden, other than for office, kitchen or bedroom use from Romania rose rapidly to 6.7M units in 2022, increasing by 5.4% compared with the previous year's figure. Over the period under review, exports, however, saw a mild decrease. The pace of growth was the most pronounced in 2021 when exports increased by 20%. The exports peaked at 7M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use rose slightly to $538M in 2022. The total export value increased at an average annual rate of +7.0% 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 appeared the most rapid in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 128 | 134 | 156 | 145 | 4.2% |
| Netherlands | 82.8 | 80.3 | 101 | 90.6 | 3.0% |
| France | 53.9 | 49.6 | 70.5 | 64.8 | 6.3% |
| Italy | 35.7 | 26.5 | 32.5 | 36.6 | 0.8% |
| Belgium | 14.5 | 12.0 | 16.5 | 22.6 | 15.9% |
| Turkey | 6.3 | 5.8 | 6.8 | 19.9 | 46.7% |
| United Kingdom | 12.0 | 8.9 | 15.4 | 17.7 | 13.8% |
| Spain | 4.5 | 3.5 | 6.5 | 12.6 | 40.9% |
| Switzerland | 13.4 | 10.4 | 10.0 | 11.5 | -5.0% |
| Bulgaria | 3.4 | 5.1 | 7.0 | 11.1 | 48.3% |
| Hungary | 15.3 | 11.4 | 13.0 | 9.9 | -13.5% |
| Greece | 2.9 | 2.1 | 2.7 | 9.6 | 49.0% |
| Austria | 17.8 | 9.3 | 9.6 | 8.7 | -21.2% |
| Others | 48.4 | 51.3 | 67.1 | 77.9 | 17.2% |
| Total | 439 | 410 | 515 | 538 | 7.0% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Romania in 2022:
- Germany (1843.5K units)
- Netherlands (1003.6K units)
- France (695.3K units)
- Italy (415.7K units)
- Turkey (341.7K units)
- Belgium (260.3K units)
- United Kingdom (219.3K units)
- Bulgaria (194.9K units)
- Switzerland (190.5K units)
- Greece (164.4K units)
- Hungary (162.2K units)
- Spain (146.2K units)
- Austria (139.9K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Romania
For the fourth consecutive year, Romania recorded growth in purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use, which increased by 5.8% to 4.4M units in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use reached $245M in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 18%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 113 | 63.8 | 77.3 | 67.5 | -15.8% |
| Italy | 14.6 | 15.6 | 21.4 | 26.6 | 22.1% |
| Bulgaria | 6.5 | 19.1 | 23.8 | 22.5 | 51.3% |
| Turkey | 10.8 | 13.7 | 17.9 | 21.3 | 25.4% |
| Lithuania | 1.5 | 2.2 | 7.1 | 19.7 | 135.9% |
| Germany | 32.6 | 22.8 | 12.2 | 13.9 | -24.7% |
| Serbia | 13.1 | 14.3 | 14.3 | 10.1 | -8.3% |
| China | 7.8 | 6.6 | 10.5 | 10.1 | 9.0% |
| Slovakia | 2.1 | 3.2 | 4.8 | 6.4 | 45.0% |
| Hungary | 7.9 | 4.8 | 6.2 | 6.0 | -8.8% |
| Moldova | 4.0 | 4.5 | 4.7 | 4.9 | 7.0% |
| Ukraine | 3.7 | 5.6 | 7.3 | 4.5 | 6.7% |
| Others | 26.6 | 29.9 | 35.8 | 31.2 | 5.5% |
| Total | 244 | 206 | 243 | 245 | 0.1% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Romania in 2022:
- Poland (1266.9K units)
- Bulgaria (501.0K units)
- Lithuania (464.5K units)
- Italy (425.3K units)
- Turkey (334.6K units)
- Germany (286.3K units)
- Serbia (262.7K units)
- Hungary (128.4K units)
- Slovakia (119.5K units)
- China (109.0K units)
- Ukraine (105.8K units)
- Moldova (54.0K units)
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