Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Thailand - 2024
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Thailand (FOB) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Thailand (CIF) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Thailand
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Thailand
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Thailand (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $15 per unit in 2022, growing by 2.8% against the previous year. In general, the export price, however, recorded a pronounced slump. The growth pace was the most rapid in 2019 an increase of 27% against the previous year. Over the period under review, the average export prices reached the maximum at $26 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($19 per unit), while the average price for exports to China ($3.4 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 Germany (-3.7%), while the prices for the other major destinations experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Thailand (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $27 per unit in 2022, with an increase of 1.9% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 37%. The import price peaked at $75 per unit in 2019; however, from 2020 to 2022, import prices remained at a 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 Indonesia ($107 per unit), while the price for China ($20 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+6.5%), 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 Thailand
In 2022, shipments abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -14.2% to 14M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.6% 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 +58.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year. The exports peaked at 16M units in 2021, and then dropped in the following year.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use reduced to $200M in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. The exports peaked at $227M in 2021, and then fell in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 69.1 | 118 | 131 | 125 | 21.8% |
| Japan | 40.7 | 43.0 | 49.7 | 39.4 | -1.1% |
| China | 8.4 | 7.4 | 5.9 | 3.8 | -23.2% |
| Canada | 2.4 | 3.2 | 3.5 | 3.7 | 15.5% |
| Others | 45.9 | 35.3 | 36.9 | 28.0 | -15.2% |
| Total | 166 | 207 | 227 | 200 | 6.4% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Thailand in 2022:
- United States (7.5M units)
- Japan (3.8M units)
- China (1.1M units)
- Canada (0.2M units)
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Thailand
After three years of growth, overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use decreased by -18.1% to 3.1M units in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 154%. As a result, imports reached the peak of 3.8M units, and then fell sharply in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use declined markedly to $84M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 56%. As a result, imports reached the peak of $101M, and then declined markedly in the following year.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.3 | 46.1 | 80.7 | 55.2 | 17.2% |
| Malaysia | 1.7 | 1.8 | 1.4 | 5.8 | 50.5% |
| Poland | 2.2 | 1.6 | 1.3 | 1.7 | -8.2% |
| Others | 21.1 | 15.0 | 17.2 | 21.3 | 0.3% |
| Total | 59.2 | 64.5 | 101 | 84.0 | 12.4% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Thailand in 2022:
- China (2826.9K units)
- Malaysia (68.4K units)
- Poland (50.5K units)
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