Bulgaria: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Bulgaria

The Bulgarian wooden bedroom furniture market soared to $X in 2022, picking up by 45% against the previous year. Overall, consumption saw a buoyant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Wooden Bedroom Furniture Production in Bulgaria

In value terms, wooden bedroom furniture production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 40%. Wooden bedroom furniture production peaked in 2022 and is likely to see gradual growth in years to come.

Wooden Bedroom Furniture Exports

Exports from Bulgaria

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom decreased by -48% to X units for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 33% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then dropped dramatically in the following year.

In value terms, wooden bedroom furniture exports shrank rapidly to $X in 2022. Overall, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. The exports peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Romania (X units), Denmark (X units) and Greece (X units) were the main destinations of wooden bedroom furniture exports from Bulgaria, with a combined 71% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +35.6%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Denmark ($X) and Greece ($X) appeared to be the largest markets for wooden bedroom furniture exported from Bulgaria worldwide, with a combined 71% share of total exports.

In terms of the main countries of destination, Romania, with a CAGR of +36.9%, saw the highest growth rate of the value of exports, 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, with an increase of 39% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per unit) and Denmark ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Germany ($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 Romania (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Bulgaria

In 2022, after six years of growth, there was significant decline in overseas purchases of wooden furniture of a kind used in the bedroom, when their volume decreased by -37.6% to X units. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 76%. Imports peaked at X units in 2021, and then contracted notably in the following year.

In value terms, wooden bedroom furniture imports reached $X in 2022. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Turkey (X units), Poland (X units) and Germany (X units) were the main suppliers of wooden bedroom furniture imports to Bulgaria, together accounting for 57% of total imports. Romania, China, Serbia, Italy, Ukraine and Albania lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +40.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Poland ($X) and Germany ($X) were the largest wooden bedroom furniture suppliers to Bulgaria, with a combined 57% share of total imports. Romania, China, Serbia, Italy, Ukraine and Albania lagged somewhat behind, together accounting for a further 35%.

Among the main suppliers, Romania, with a CAGR of +41.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, jumping by 75% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained 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 countries with the highest prices were Albania ($X per unit) and Serbia ($X per unit), while the price for Germany ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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