Romania: Market for Furnishing Articles, Furniture and Cushion Covers 2024

Market Size for Furnishing Articles, Furniture and Cushion Covers in Romania

In 2022, the Romanian market for furnishing articles, furniture and cushion covers increased by X% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption posted resilient growth. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Furnishing Articles, Furniture and Cushion Covers in Romania

In value terms, production of furnishing articles, furniture and cushion covers reduced to $X in 2022 estimated in export price. Over the period under review, production enjoyed a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Production of peaked at $X in 2021, and then contracted in the following year.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports from Romania

After three years of decline, shipments abroad of furnishing articles, furniture and cushion covers increased by X% to X tons in 2022. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of furnishing articles, furniture and cushion covers dropped notably to $X in 2022. Over the period under review, exports showed a moderate increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for exports of furnishing articles, furniture and cushion covers from Romania, with a X% share of total exports. Moreover, exports of furnishing articles, furniture and cushion covers to the UK exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

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

In value terms, the UK ($X) remains the key foreign market for furnishing articles, furniture and cushion covers exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average export price for furnishing articles, furniture and cushion covers amounted to $X per ton, falling by X% against the previous year. Overall, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (X%), while the prices for the other major destinations experienced a decline.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports into Romania

Imports of furnishing articles, furniture and cushion covers into Romania soared to X tons in 2022, jumping by X% against the previous year. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of furnishing articles, furniture and cushion covers surged to $X in 2022. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Hungary (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of imports of furnishing articles, furniture and cushion covers to Romania, together comprising X% of total imports. Italy, China, Turkey, Slovakia and Bulgaria lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest furnishing article, furniture and cushion cover suppliers to Romania were Hungary ($X), Germany ($X) and Poland ($X), with a combined X% share of total imports.

In terms of the main suppliers, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price for furnishing articles, furniture and cushion covers amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for furnishing articles, furniture and cushion covers increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :