Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Hungary - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Hungary (CIF) - 2023
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Hungary (FOB) - 2023
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Hungary
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Hungary
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Hungary (CIF) - 2023
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $52.6 per unit in November 2023, with a decrease of -11.4% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 12% against the previous month. Over the period under review, average import prices attained the maximum at $65.1 per unit in April 2023; however, from May 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($120 per unit), while the price for the UK ($6.5 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 Germany (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Hungary (FOB) - 2023
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $56.9 per unit in November 2023, dropping by -22.9% against the previous month. Overall, the export price recorded a slight slump. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 41% m-o-m. The export price peaked at $86.7 per unit in April 2023; however, from May 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was the United States ($161 per unit), while the average price for exports to Iraq ($9.4 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.2%), 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 Hungary
For the fourth consecutive year, Hungary recorded growth in supplies from abroad of furniture; wooden, other than for office, kitchen or bedroom use, which increased by 6.3% to 2.5M units in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 68%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use expanded slightly to $136M in 2022. The total import value increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 52.5 | 59.0 | 66.3 | 71.8 | 11.0% |
| Germany | 11.6 | 13.7 | 14.8 | 15.0 | 8.9% |
| China | 2.6 | 4.8 | 12.5 | 10.5 | 59.2% |
| Romania | 9.3 | 8.8 | 10.0 | 7.8 | -5.7% |
| Austria | 5.5 | 2.9 | 2.1 | 5.9 | 2.4% |
| Italy | 3.5 | 3.1 | 3.6 | 4.1 | 5.4% |
| Sweden | 1.1 | 1.9 | 3.6 | 3.9 | 52.5% |
| Lithuania | 1.6 | 3.4 | 4.9 | 3.6 | 31.0% |
| Slovakia | 2.9 | 4.1 | 3.4 | 2.8 | -1.2% |
| Others | 11.4 | 11.5 | 11.4 | 11.1 | -0.9% |
| Total | 102 | 113 | 133 | 136 | 10.1% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Hungary in 2022:
- Poland (1625.5K units)
- Germany (178.0K units)
- Sweden (142.9K units)
- Romania (124.9K units)
- Lithuania (104.1K units)
- China (99.0K units)
- Italy (38.5K units)
- Slovakia (28.9K units)
- Austria (18.5K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Hungary
In 2022, approx. 869K units of furniture; wooden, other than for office, kitchen or bedroom use were exported from Hungary; jumping by 29% on 2021 figures. In general, exports, however, recorded a abrupt decline. The exports peaked at 1.1M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use expanded notably to $75M in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.9 | 16.7 | 15.4 | 21.2 | -1.1% |
| United States | 11.1 | 18.4 | 22.1 | 16.4 | 13.9% |
| Austria | 4.5 | 4.2 | 3.2 | 4.2 | -2.3% |
| Romania | 5.2 | 3.4 | 5.6 | 3.4 | -13.2% |
| Netherlands | 2.0 | 1.1 | 1.9 | 2.6 | 9.1% |
| Italy | 1.6 | 1.4 | 1.9 | 2.6 | 17.6% |
| Croatia | 0.3 | 0.2 | 0.2 | 2.4 | 100.0% |
| United Kingdom | 2.2 | 1.6 | 2.7 | 2.3 | 1.5% |
| Slovakia | 4.4 | 1.0 | 0.9 | 2.3 | -19.4% |
| Spain | 1.1 | 1.0 | 1.6 | 1.7 | 15.6% |
| Belgium | 2.7 | 1.2 | 0.9 | 1.6 | -16.0% |
| France | 0.6 | 0.6 | 0.7 | 1.3 | 29.4% |
| Slovenia | 0.1 | N/A | 0.1 | 0.8 | 100.0% |
| Others | 9.0 | 8.4 | 11.3 | 11.9 | 9.8% |
| Total | 66.8 | 59.3 | 68.7 | 74.6 | 3.7% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Hungary in 2022:
- Germany (292.6K units)
- United States (110.0K units)
- Croatia (68.8K units)
- Romania (63.1K units)
- Austria (58.2K units)
- Slovakia (48.6K units)
- Italy (35.0K units)
- Netherlands (25.9K units)
- United Kingdom (18.3K units)
- France (18.1K units)
- Belgium (17.5K units)
- Spain (16.8K units)
- Slovenia (15.5K units)
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