Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Philippines - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Philippines (CIF) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Philippines (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Philippines
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Philippines
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Philippines (CIF) - 2023
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $10.5 per unit in November 2023, rising by 34% against the previous month. Overall, the import price posted a perceptible expansion. The pace of growth was the most pronounced in September 2023 when the average import price increased by 475% against the previous month. Over the period under review, average import prices attained the peak figure in November 2023.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Malaysia ($32.1 per unit), while the price for Japan ($1.5 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 China (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Philippines (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $159 per unit, rising by 130% against the previous year. Overall, the export price continues to indicate notable growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($301 per unit), while the average price for exports to South Korea ($36 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 Japan (+5.5%), 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 the Philippines
In 2022, approx. 9.8M units of furniture; wooden, other than for office, kitchen or bedroom use were imported into the Philippines; with an increase of 4.8% against 2021 figures. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use dropped to $86M in 2022. Overall, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Over the period under review, imports of reached the peak figure at $124M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 72.2 | 55.1 | 59.3 | 48.2 | -12.6% |
| Malaysia | 23.2 | 10.3 | 9.6 | 14.0 | -15.5% |
| Japan | 9.4 | 7.9 | 10.0 | 7.4 | -7.7% |
| Thailand | 4.6 | 2.3 | 3.5 | 2.9 | -14.3% |
| United States | 1.4 | 0.9 | 1.6 | 1.9 | 10.7% |
| South Korea | 4.2 | 4.6 | 3.2 | 1.3 | -32.4% |
| Others | 9.4 | 5.4 | 10.2 | 10.5 | 3.8% |
| Total | 124 | 86.5 | 97.4 | 86.2 | -11.4% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to the Philippines in 2022:
- China (5.5M units)
- Japan (2.8M units)
- Malaysia (0.6M units)
- Thailand (0.2M units)
- United States (0.1M units)
- South Korea (0.1M units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Philippines
In 2022, overseas shipments of furniture; wooden, other than for office, kitchen or bedroom use decreased by -71% to 427K units, falling for the second consecutive year after two years of growth. In general, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 73% against the previous year. As a result, the exports attained the peak of 1.8M units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use shrank rapidly to $68M in 2022. Over the period under review, exports showed a slight setback. The pace of growth appeared the most rapid in 2020 with an increase of 43%. The exports peaked at $102M in 2021, and then declined remarkably in the following year.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 49.4 | 60.2 | 64.2 | 47.0 | -1.6% |
| Japan | 3.7 | 2.5 | 12.5 | 9.9 | 38.8% |
| United Arab Emirates | 1.1 | 2.2 | 1.4 | 1.5 | 10.9% |
| United Kingdom | 1.4 | 0.9 | 1.5 | 0.8 | -17.0% |
| South Korea | 0.9 | 1.1 | 0.7 | 0.7 | -8.0% |
| Netherlands | 3.5 | 21.7 | 8.9 | 0.4 | -51.5% |
| Indonesia | N/A | N/A | 0.8 | 0.4 | -50.0% |
| Germany | 1.5 | 4.6 | 2.4 | 0.1 | -59.5% |
| Others | 8.7 | 7.1 | 9.7 | 7.1 | -6.5% |
| Total | 70.2 | 101 | 102 | 68.0 | -1.1% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from the Philippines in 2022:
- United States (285.6K units)
- Japan (33.0K units)
- South Korea (20.1K units)
- United Arab Emirates (13.9K units)
- Indonesia (10.4K units)
- United Kingdom (6.0K units)
- Germany (3.5K units)
- Netherlands (3.1K units)
709
This report provides an in-depth analysis of the wooden office furniture market in the Philippines.
233
This report provides an in-depth analysis of the metal furniture market in the Philippines.
629
This report provides an in-depth analysis of the plastic furniture market in the Philippines.
474
This report provides an in-depth analysis of the metal office furniture market in the Philippines.
412
This report provides an in-depth analysis of the wooden bedroom furniture market in the Philippines.
809
This report provides an in-depth analysis of the wooden kitchen furniture market in the Philippines.
558
This report provides an in-depth analysis of the metal domestic furniture market in the Philippines.
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.
1122
This report provides an in-depth analysis of the global plastic furniture market.
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.
284
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.
313
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.
864
In 2016, approx. X tons of metal furniture were imported worldwide- rising by X% against the previous year figure. In general, metal furniture imports continue to indicate a relatively flat trend ...
