Estonia: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Estonia

For the third consecutive year, the Estonian wooden furniture treatments market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption continues to indicate a abrupt decline. Wooden furniture treatments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in Estonia

In value terms, wooden furniture treatments production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from Estonia

In 2022, overseas shipments of polishes and creams for wooden furniture and floors decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wooden furniture treatments exports dropped rapidly to $X in 2022. Over the period under review, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X tons) was the main destination for wooden furniture treatments exports from Estonia, with a X% share of total exports. Moreover, wooden furniture treatments exports to Latvia exceeded the volume sent to the second major destination, Lithuania (X kg), tenfold. The third position in this ranking was held by Russia (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Russia (X% per year).

In value terms, Latvia ($X) emerged as the key foreign market for polishes and creams for wooden furniture and floors exports from Estonia, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Russia (X% per year).

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 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 Russia ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Estonia

Wooden furniture treatments imports into Estonia fell remarkably to X tons in 2022, shrinking by X% on the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports declined markedly to $X in 2022. In general, imports showed a slight descent. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Latvia (X tons) and Finland (X tons) were the main suppliers of wooden furniture treatments imports to Estonia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Germany ($X) and Finland ($X) appeared to be the largest wooden furniture treatments suppliers to Estonia, together accounting for X% of total imports.

In terms of the main suppliers, Latvia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price recorded a slight curtailment. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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