Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Slovakia - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Slovakia (FOB) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Slovakia (CIF) - 2023
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Slovakia
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Slovakia
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Slovakia (FOB) - 2023
In November 2023, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $86.7 per unit, remaining constant against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 11% m-o-m. The export price peaked at $113 per unit in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the UK ($120 per unit), while the average price for exports to Canada ($53.4 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 Austria (+3.5%), 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 Slovakia (CIF) - 2023
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $69.9 per unit in November 2023, dropping by -1.9% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average import price increased by 12% against the previous month. As a result, import price reached the peak level of $75.5 per unit. From October 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($118 per unit), while the price for Ukraine ($47.1 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 Austria (+8.0%), 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 Slovakia
Exports of furniture; wooden, other than for office, kitchen or bedroom use from Slovakia reduced to 3.6M units in 2022, waning by -5.7% on 2021. Over the period under review, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. As a result, the exports attained the peak of 3.8M units, and then fell in the following year.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use reached $252M in 2022. The total export value increased at an average annual rate of +2.5% from 2019 to 2022; 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 23% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 60.1 | 56.3 | 70.9 | 51.4 | -5.1% |
| Czech Republic | 25.2 | 23.6 | 30.6 | 46.1 | 22.3% |
| United States | 22.1 | 14.3 | 17.5 | 19.2 | -4.6% |
| France | 13.4 | 10.6 | 18.1 | 18.7 | 11.7% |
| Netherlands | 1.5 | 2.7 | 7.0 | 15.0 | 115.4% |
| Poland | 11.5 | 12.0 | 12.9 | 13.0 | 4.2% |
| Austria | 9.7 | 9.0 | 12.1 | 11.9 | 7.1% |
| Italy | 8.7 | 9.0 | 8.6 | 11.3 | 9.1% |
| Sweden | 10.9 | 8.1 | 9.1 | 11.2 | 0.9% |
| Hungary | 8.9 | 8.6 | 9.6 | 9.1 | 0.7% |
| Spain | 6.2 | 3.4 | 6.5 | 8.4 | 10.7% |
| United Kingdom | 10.1 | 4.9 | 3.9 | 7.6 | -9.0% |
| Romania | 3.5 | 5.2 | 3.8 | 6.4 | 22.3% |
| Others | 41.6 | 34.9 | 37.7 | 22.0 | -19.1% |
| Total | 233 | 203 | 248 | 252 | 2.6% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Slovakia in 2022:
- Czech Republic (867.2K units)
- Germany (632.2K units)
- United States (334.8K units)
- Netherlands (218.2K units)
- France (210.7K units)
- Poland (173.7K units)
- Hungary (135.0K units)
- Spain (124.6K units)
- Austria (116.4K units)
- Italy (112.0K units)
- Sweden (102.7K units)
- United Kingdom (95.7K units)
- Romania (95.0K units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Slovakia
In 2022, imports of furniture; wooden, other than for office, kitchen or bedroom use into Slovakia rose to 2.2M units, surging by 3.4% against the year before. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 110%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use reached $139M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 65%. As a result, imports attained the peak of $156M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 38.8 | 101 | 79.7 | 88.0 | 31.4% |
| Austria | 5.5 | 6.7 | 7.2 | 12.9 | 32.9% |
| Germany | 11.6 | 12.1 | 12.9 | 11.4 | -0.6% |
| Czech Republic | 8.3 | 23.8 | 18.0 | 11.3 | 10.8% |
| Ukraine | 2.0 | 2.6 | 5.4 | 4.2 | 28.1% |
| Sweden | 0.8 | 0.1 | 0.6 | 1.8 | 31.0% |
| Others | 27.3 | 9.8 | 9.1 | 9.4 | -29.9% |
| Total | 94.3 | 156 | 133 | 139 | 13.8% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Slovakia in 2022:
- Poland (1586.6K units)
- Germany (132.5K units)
- Ukraine (116.6K units)
- Czech Republic (116.2K units)
- Austria (78.8K units)
- Sweden (35.6K units)
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