Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in New Zealand - 2024

Contents:

1. Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in New Zealand (CIF) - 2022
2. Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in New Zealand (FOB) - 2022
3. Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in New Zealand
4. Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in New Zealand

Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in New Zealand (CIF) - 2022

The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $102 per unit in 2022, declining by -6% against the previous year. In general, the import price continues to indicate a mild descent. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs at $115 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($102 per unit) and Vietnam ($102 per unit), while the price for Italy ($102 per unit) and India ($102 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.2%), while the prices for the other major suppliers experienced a decline.

Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in New Zealand (FOB) - 2022

In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $70 per unit, approximately equating the previous year. Over the period under review, the export price, however, faced a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 55% against the previous year. The export price peaked at $506 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($70 per unit) and Samoa ($70 per unit), while the average price for exports to Papua New Guinea ($69 per unit) and Singapore ($70 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-8.8%), while the prices for the other major destinations experienced a decline.

Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in New Zealand

Imports of furniture; wooden, other than for office, kitchen or bedroom use into New Zealand totaled 998K units in 2022, flattening at the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use fell slightly to $102M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, imports reached the peak of $107M, and then shrank modestly in the following year.

Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to New Zealand in 2022:

1. China (599.0K units)
2. Vietnam (185.6K units)
3. Indonesia (67.2K units)
4. Australia (30.6K units)
5. India (23.0K units)
6. Italy (20.0K units)
7. Malaysia (16.6K units)

Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in New Zealand

In 2022, shipments abroad of furniture; wooden, other than for office, kitchen or bedroom use was finally on the rise to reach 100K units after two years of decline. Over the period under review, exports, however, saw a deep contraction. Over the period under review, the exports of reached the peak figure at 171K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use soared to $7M in 2022. In general, exports, however, faced a abrupt curtailment. The exports peaked at $11M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from New Zealand in 2022:

1. Australia (65.7K units)
2. United States (7.3K units)
3. Fiji (5.7K units)
4. Cook Islands (4.6K units)
5. United Kingdom (2.8K units)
6. Hong Kong SAR (2.5K units)
7. Canada (2.2K units)
8. United Arab Emirates (1.3K units)
9. China (1.1K units)
10. Papua New Guinea (0.7K units)
11. Singapore (0.6K units)
12. Japan (0.6K units)
13. Italy (0.5K units)

Source: IndexBox Market Intelligence Platform