Wood furniture, floors and woodwork polishes market in Spain

Earlier Report Observations

Between 2018 and 2020, the Spanish market for wood furniture, floor, and woodwork polishes experienced notable shifts. Market volume in physical terms reached a peak of 3 253 t in 2019, representing an increase from 3 019 t the year before, before declining to 2 978 t in 2020. In value terms, the market grew more sharply, rising from 3.8 million $ in 2018 to 5.0 million $ in 2019, followed by a contraction to 4.2 million $ in 2020.

Imports, which constitute a significant portion of market supply, peaked at 3 757 t in 2019 before beginning a gradual decline, with a more pronounced drop to 2 324 t in 2023. Export volumes also fell after 2020. However, in value terms, imports continued an upward trend, reaching 7.7 million $ by 2024, indicating a shift towards higher-value products entering the Spanish market.

By 2024, the market landscape was influenced by new regulatory developments and changing demand. Updated Spanish regulations enforcing timber legality under the EUTR and new EU Ecolabel criteria for paints and varnishes introduced stricter sustainability and labeling requirements. Concurrently, rising demand for protective coatings for wooden furniture and floors encouraged the introduction of new polish and varnish formulations with enhanced resistance to moisture and UV radiation.

Production wood furniture, floors and woodwork polishes in Spain

In value, 2017-2020, K $ US

Production of wood furniture, floors, and woodwork polishes in Spain has declined for the third consecutive year. In 2020, output was valued at 1 456 K $ US, remaining unchanged from 2019. Between 2017 and 2020, production fell by 42.2%, which translates to an annualized decline of 16.7%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, t

Production of wood furniture, floors, and woodwork polishes in Spain has declined for the third consecutive year. In 2020, Spain produced 648 t, a decrease of 9.1% compared to 2019. Over the period from 2017 to 2020, production dropped by 36.5%, with a compound annual growth rate (CAGR) of -14.0%.

Annual dynamics of production in Spain in kind, 2017-2020, t

Exports wood furniture, floors and woodwork polishes from Spain

Exports in kind, t

Exports of wood furniture, floors, and woodwork polishes from Spain have increased for the second consecutive year. In 2020, exports reached 1 257 t, up by 3.2% year-over-year. Over the period from 2017 to 2020, exports decreased by 9.4%, with a CAGR of -3.2%. The lowest volume was recorded in 2018 at 1 089 t, which also saw the largest decline of 21.5%. In contrast, the largest increase occurred in 2019, with a rise of 11.8%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, Portugal was the dominant market for Spain's exports in kind, accounting for 74.5% of total flows, while other markets made up a fragmented remainder.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

After a two-year decline, exports of wood furniture, floors, and woodwork polishes from Spain have increased. In 2020, exports amounted to 3 625 K $ US, showing a modest gain of 6.6% year-over-year. Over the period from 2017 to 2020, exports decreased by 30.7%, with a CAGR of -11.5%. The lowest value was recorded in 2019 at 3 400 K $ US, and the largest decline occurred in 2018, with a drop of 24.7%.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

From 2017 to 2020, the geographical pattern of exports in value terms was marked by a strong dominance of Portugal, which held a 70.4% share of total flows, while other partners accounted for relatively minor shares.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports wood furniture, floors and woodwork polishes to Spain

Imports in kind, t

After a two-year increase, Spain's import volume of wood furniture, floors, and woodwork polishes declined. In 2020, imports stood at 3 587 t, down by 4.5% year-over-year. Over the period from 2017 to 2020, imports rose by 17.8%, with a CAGR of 5.6%. The highest volume was recorded in 2019 at 3 757 t, which also saw the largest increase of 14.0%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, the Netherlands, Portugal, and France were the leading sources in Spain's import structure in kind, with shares of 54.7%, 21.1%, and 13.5%, respectively. Together, they accounted for 89.3% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

After a two-year gain, Spain's imports of wood furniture, floors, and woodwork polishes in value terms declined. In 2020, imports totaled 6 344 K $ US, which is 8.0% lower than in 2019. Over the period from 2017 to 2020, imports increased by 17.2%, with a CAGR of 5.4%. The highest value was recorded in 2019 at 6 894 K $ US, and the largest increase occurred in 2018, with a rise of 13.1%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

From 2017 to 2020, the Netherlands, France, and Portugal were the main sources in the geographical breakdown of Spain's imports in value terms for wood furniture, floors, and woodwork polishes, with shares of 38.2%, 29.7%, and 10.8%, respectively. Combined, they represented 78.7% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020