Austria: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Austria

After two years of growth, the Austrian wooden bedroom furniture market decreased by -60.5% to $X in 2022. Overall, consumption continues to indicate a abrupt slump. Wooden bedroom furniture consumption peaked at $X in 2021, and then contracted notably in the following year.

Wooden Bedroom Furniture Production in Austria

In value terms, wooden bedroom furniture production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. Wooden bedroom furniture production peaked in 2022 and is expected to retain growth in the near future.

Wooden Bedroom Furniture Exports

Exports from Austria

In 2022, after two years of decline, there was significant growth in shipments abroad of wooden furniture of a kind used in the bedroom, when their volume increased by 24% to X units. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 25%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wooden bedroom furniture exports expanded slightly to $X in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +6.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 21%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X units) was the main destination for wooden bedroom furniture exports from Austria, with a 62% share of total exports. Moreover, wooden bedroom furniture exports to Germany exceeded the volume sent to the second major destination, Switzerland (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-0.0% per year) and Italy (+3.3% per year).

In value terms, Germany ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Austria, comprising 62% of total exports. The second position in the ranking was taken by Switzerland ($X), with an 18% share of total exports. It was followed by Italy, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+1.1% per year) and Italy (+4.5% per year).

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, shrinking by -16.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2020 when the average export price increased by 26%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced sharply in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Czech Republic ($X per unit) and Germany ($X per unit), while the average price for exports to Slovenia ($X per unit) and Italy ($X 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 France (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Austria

In 2022, supplies from abroad of wooden furniture of a kind used in the bedroom decreased by -27.2% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 33%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, wooden bedroom furniture imports dropped significantly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 18%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest wooden bedroom furniture supplier to Austria, accounting for a 41% share of total imports. Moreover, wooden bedroom furniture imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. Bosnia and Herzegovina (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.9% per year) and Bosnia and Herzegovina (+29.9% per year).

In value terms, Germany ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Austria, comprising 41% of total imports. The second position in the ranking was taken by Poland ($X), with a 16% share of total imports. It was followed by Bosnia and Herzegovina, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+11.9% per year) and Bosnia and Herzegovina (+31.2% per year).

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, growing by 10% against the previous year. Overall, the import price saw a mild expansion. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Slovenia ($X per unit) and Romania ($X per unit), while the price for Ukraine ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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