Singapore - Wooden Furniture Of A Kind Used In The Kitchen - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWooden Kitchen Furniture Price in Singapore - 2022
Contents:
- Wooden Kitchen Furniture Price in Singapore (CIF) - 2022
- Wooden Kitchen Furniture Price in Singapore (FOB) - 2022
- Wooden Kitchen Furniture Imports in Singapore
- Wooden Kitchen Furniture Exports in Singapore
Wooden Kitchen Furniture Price in Singapore (CIF) - 2022
In September 2022, the average wooden kitchen furniture import price amounted to $94.9 per unit, with a decrease of -42.2% against the previous month. Overall, the import price recorded a abrupt decline. The pace of growth was the most pronounced in June 2022 when the average import price increased by 556% month-to-month. Over the period under review, average import prices attained the maximum at $655 per unit in November 2021; however, from December 2021 to September 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Italy ($309 per unit), while the price for Malaysia ($49.1 per unit) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Italy (-6.1%), while the prices for the other major suppliers experienced a decline.
Wooden Kitchen Furniture Price in Singapore (FOB) - 2022
The average wooden kitchen furniture export price stood at $64 per unit in 2022, picking up by 9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 when the average export price increased by 28% against the previous year. The export price peaked at $69 per unit in 2014; however, from 2015 to 2022, the export prices remained at a 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 Thailand ($174 per unit), while the average price for exports to Vietnam ($32 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 Thailand (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Wooden Kitchen Furniture Imports in Singapore
Wooden kitchen furniture imports into Singapore soared to 182K units in 2022, picking up by 75% on the year before. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 136%. As a result, imports attained the peak of 188K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, wooden kitchen furniture imports skyrocketed to $13M in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 165% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
Import of Wooden Kitchen Furniture in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 0.5 | 0.6 | 0.6 | 5.9 | 127.7% |
China | 1.1 | 8.0 | 1.9 | 2.0 | 22.1% |
Germany | 0.1 | 0.3 | 1.8 | 1.8 | 162.1% |
Malaysia | 1.7 | 1.3 | 1.8 | 1.5 | -4.1% |
Indonesia | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
Romania | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
Others | 0.4 | 0.1 | 0.3 | 0.7 | 20.5% |
Total | 4.0 | 10.7 | 6.8 | 12.6 | 46.6% |
Top Suppliers of Wooden Kitchen Furniture to Singapore in 2022:
- Italy (88.8K units)
- Germany (27.2K units)
- China (25.6K units)
- Malaysia (22.7K units)
- Indonesia (7.7K units)
- Romania (3.3K units)
Wooden Kitchen Furniture Exports in Singapore
In 2022, approx. 21K units of wooden furniture for kitchens were exported from Singapore; jumping by 23% against 2021 figures. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,886%. As a result, the exports reached the peak of 157K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, wooden kitchen furniture exports surged to $1.4M in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,817% against the previous year. As a result, the exports attained the peak of $7.2M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Wooden Kitchen Furniture in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 38.2 | 7,129 | 880 | 590 | 149.0% |
Indonesia | 60.5 | 21.9 | 1.3 | 389 | 86.0% |
Vietnam | 48.2 | N/A | 0.8 | 211 | 63.6% |
United Arab Emirates | 3.1 | 1.5 | N/A | 119 | 237.3% |
Malaysia | 4.3 | 9.5 | 73.9 | 25.3 | 80.5% |
Oman | 102 | 28.5 | 34.6 | N/A | -41.8% |
Others | 120 | 27.0 | 25.5 | 28.7 | -37.9% |
Total | 376 | 7,217 | 1,016 | 1,363 | 53.6% |
Top Export Markets for Wooden Kitchen Furniture from Singapore in 2022:
- United States (6.8K units)
- Indonesia (6.5K units)
- Vietnam (6.5K units)
- United Arab Emirates (0.8K units)
- Malaysia (0.4K units)
This report provides an in-depth analysis of the wooden kitchen furniture market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 31021000 - Kitchen furniture
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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