Rising EU27 wooden furniture imports from Vietnam, Indonesia, and India

Źródło:
ITTO/Fordaq
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EU27+UK import value of wooden furniture from tropical countries was US$2.32 billion in 2021, 33% and 21% higher than in 2020 and 2019 respectively. For all three leading tropical supply countries of wooden furniture to the EU27+UK – Vietnam, Indonesia, and India - import value in 2021 was significantly higher even than in 2019 before the pandemic.

However, the rise in value was due more to rising prices and freight costs than to an increase in the quantity of furniture being traded. In tonnage terms, EU27+UK imports of wooden furniture from tropical countries increased only 9% to 548,200 tonnes.

Import quantity last year was still 3% down compared to the pre-pandemic level in 2019. The unit value of wooden furniture imported into the EU27+UK was USD4,224 per tonne in 2021, 22% more than the previous year.

In 2021, the EU27+UK imported 206,300 tonnes of wooden furniture from Vietnam with a total value of USS928 million, respectively 4% and 24% more than the previous year.

Imports from India were 115,800 tonnes with a total value of US$450 million in 2021, respectively 40% and 61% more than the previous year.

Imports from Indonesia last year were 100,800 tonnes with a total value of US$537 million, 13% and 46% more than in 2020.

For Malaysian wood furniture, import quantity declined 9% to 94,200 tonnes while value increased 9% to US$241 million in 2021.

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