Benelux: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Benelux

In 2022, the Benelux wooden bedroom furniture market decreased by -21.4% to $X, falling for the second year in a row after four years of growth. Overall, consumption showed a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wooden Bedroom Furniture Production in Benelux

In value terms, wooden bedroom furniture production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a noticeable curtailment. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports in Benelux

In 2022, after three years of growth, there was significant decline in overseas shipments of wooden furniture of a kind used in the bedroom, when their volume decreased by -30.1% to X units. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. The volume of export peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, wooden bedroom furniture exports shrank dramatically to $X in 2022. Over the period under review, exports, however, posted mild growth. The pace of growth was the most pronounced in 2020 when exports increased by 49%. The level of export peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

The Netherlands represented the main exporting country with an export of around X units, which reached 77% of total exports. It was distantly followed by Belgium (X units), creating a 23% share of total exports.

The Netherlands was also the fastest-growing in terms of the wooden furniture of a kind used in the bedroom exports, with a CAGR of +7.8% from 2012 to 2022. Belgium (-8.8%) illustrated a downward trend over the same period. While the share of the Netherlands (+39 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-38 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest wooden bedroom furniture supplier in Benelux, comprising 77% of total exports. The second position in the ranking was held by Belgium ($X), with a 23% share of total exports.

In the Netherlands, wooden bedroom furniture exports expanded at an average annual rate of +9.0% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2018 an increase of 24%. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.2%).

Wooden Bedroom Furniture Imports

Imports in Benelux

In 2022, overseas purchases of wooden furniture of a kind used in the bedroom decreased by -35.2% to X units for the first time since 2017, thus ending a four-year rising trend. Total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. The volume of import peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, wooden bedroom furniture imports shrank to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, the Netherlands (X units) was the main importer of wooden furniture of a kind used in the bedroom, making up 71% of total imports. It was distantly followed by Belgium (X units), comprising a 24% share of total imports. Luxembourg (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the wooden furniture of a kind used in the bedroom imports, with a CAGR of +5.0% from 2012 to 2022. Belgium (-2.9%) and Luxembourg (-3.8%) illustrated a downward trend over the same period. The Netherlands (+18 p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and Belgium saw its share reduced by -3.3% and -15.1% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported wooden furniture of a kind used in the bedroom in Benelux, comprising 71% of total imports. The second position in the ranking was held by Belgium ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +6.0%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-2.2% per year) and Luxembourg (-3.1% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, increasing by 33% against the previous year. In general, the import price recorded a relatively flat trend pattern. 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 importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform