Canada: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Canada

In 2022, the Canadian wooden bedroom furniture market increased by 0.9% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a relatively flat trend pattern. Wooden bedroom furniture consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Wooden Bedroom Furniture Production in Canada

In value terms, wooden bedroom furniture production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a modest expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 34%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Wooden Bedroom Furniture Exports

Exports from Canada

In 2022, shipments abroad of wooden furniture of a kind used in the bedroom decreased by -19.2% to X units, falling for the second consecutive year after two years of growth. Overall, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 20%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports dropped to $X in 2022. Over the period under review, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +12.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The United States (X units) was the main destination for wooden bedroom furniture exports from Canada, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +3.6%.

In value terms, the United States ($X) also remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +4.6%.

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, rising by 10% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.0% per year.

Wooden Bedroom Furniture Imports

Imports into Canada

After five years of growth, overseas purchases of wooden furniture of a kind used in the bedroom decreased by -10.7% to X units in 2022. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, wooden bedroom furniture imports reached $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Vietnam (X units), China (X units) and Poland (X units) were the main suppliers of wooden bedroom furniture imports to Canada, with a combined 53% share of total imports. Malaysia, the United States, Italy, Lithuania, Germany, Brazil and Indonesia lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture suppliers to Canada were Vietnam ($X), China ($X) and Poland ($X), with a combined 53% share of total imports. Malaysia, the United States, Italy, Lithuania, Germany, Brazil and Indonesia lagged somewhat behind, together comprising a further 39%.

Among the main suppliers, Germany, with a CAGR of +38.2%, 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

The average wooden bedroom furniture import price stood at $X per unit in 2022, increasing by 24% against the previous year. In general, the import price saw 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 supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($X per unit) and Malaysia ($X per unit), while the price for Italy ($X per unit) and Lithuania ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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