Belarus: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Belarus

The Belarusian wooden bedroom furniture market surged to $X in 2022, rising by 26% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Wooden Bedroom Furniture Production in Belarus

In value terms, wooden bedroom furniture production reached $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.1% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 48% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Wooden Bedroom Furniture Exports

Exports from Belarus

In 2022, exports of wooden furniture of a kind used in the bedroom from Belarus contracted significantly to X units, dropping by -33.2% against the year before. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 76%. Over the period under review, the exports reached the maximum at X units in 2021, and then fell sharply in the following year.

In value terms, wooden bedroom furniture exports reduced slightly to $X in 2022. Overall, exports, however, continue to indicate a tangible increase. The pace of growth was the most pronounced in 2021 when exports increased by 37%. As a result, the exports attained the peak of $X, and then fell slightly in the following year.

Exports by Country

Russia (X units), Germany (X units) and Kazakhstan (X units) were the main destinations of wooden bedroom furniture exports from Belarus, with a combined 58% share of total exports. Poland, Lithuania, France and the UK lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +610.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden bedroom furniture exported from Belarus were Russia ($X), Germany ($X) and Kazakhstan ($X), together comprising 57% of total exports. Poland, Lithuania, France and the UK lagged somewhat behind, together comprising a further 26%.

The UK, with a CAGR of +650.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, rising by 44% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Lithuania ($X per unit) and France ($X per unit), while the average price for exports to the UK ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Belarus

After six years of growth, supplies from abroad of wooden furniture of a kind used in the bedroom decreased by -40.9% to X units in 2022. Over the period under review, imports recorded a slight curtailment. The growth pace was the most rapid in 2017 when imports increased by 40% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wooden bedroom furniture imports stood at $X in 2022. Overall, imports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X units) constituted the largest wooden bedroom furniture supplier to Belarus, accounting for a 42% share of total imports. Moreover, wooden bedroom furniture imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. The third position in this ranking was held by Italy (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.4% per year) and Italy (+19.4% per year).

In value terms, Russia ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Belarus, comprising 42% of total imports. The second position in the ranking was held by Turkey ($X), with a 19% share of total imports. It was followed by Ukraine, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+20.3% per year) and Ukraine (+12.2% per year).

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, with an increase of 83% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price 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, wooden bedroom furniture import price increased by +102.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ukraine ($X per unit) and Turkey ($X per unit), while the price for Malaysia ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :