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

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

The Scandinavia market for furnishing articles, furniture and cushion covers declined modestly to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Furnishing Articles, Furniture and Cushion Covers in Scandinavia

In value terms, production of furnishing articles, furniture and cushion covers fell to $X in 2022 estimated in export price. In general, production saw a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports in Scandinavia

In 2022, the amount of furnishing articles, furniture and cushion covers exported in Scandinavia reached X tons, with an increase of X% against the previous year. Over the period under review, exports, however, saw a pronounced setback. The growth pace was the most rapid in 2019 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of furnishing articles, furniture and cushion covers shrank to $X in 2022. Overall, exports, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden dominates covers structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Finland (X tons), generating a X% share of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to furnishing article, furniture and cushion cover exports from Sweden stood at X%. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Norway (X%) illustrated a downward trend over the same period. While the share of Finland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest furnishing article, furniture and cushion cover supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

In Sweden, exports of furnishing articles, furniture and cushion covers declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($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 other leaders experienced a decline in the export price figures.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports in Scandinavia

In 2022, imports of furnishing articles, furniture and cushion covers in Scandinavia shrank modestly to X tons, flattening at the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, imports of furnishing articles, furniture and cushion covers stood at $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) represented the major importer of furnishing articles, furniture and cushion covers, generating X% of total imports. Norway (X tons) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

Sweden was also the fastest-growing in terms of the furnishing articles, furniture and cushion covers imports, with a CAGR of X% from 2012 to 2022. At the same time, Norway (X%) displayed positive paces of growth. Finland experienced a relatively flat trend pattern. Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest furnishing article, furniture and cushion cover importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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