Croatia: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Croatia

For the third year in a row, the Croatian wooden bedroom furniture market recorded growth in sales value, which increased by 12% to $X in 2022. Overall, the total consumption indicated a moderate 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. Based on 2022 figures, consumption increased by +26.4% against 2018 indices. Wooden bedroom furniture consumption peaked in 2022 and is likely to see gradual growth in years to come.

Wooden Bedroom Furniture Production in Croatia

In value terms, wooden bedroom furniture production expanded sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 50%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Wooden Bedroom Furniture Exports

Exports from Croatia

Wooden bedroom furniture exports from Croatia dropped rapidly to X units in 2022, which is down by -19.5% on the previous year's figure. Overall, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 53%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture exports reduced to $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +12.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 56% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for wooden bedroom furniture exports from Croatia, accounting for a 37% share of total exports. Moreover, wooden bedroom furniture exports to Germany exceeded the volume sent to the second major destination, Austria (X units), twofold. The third position in this ranking was taken by Switzerland (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+8.1% per year) and Switzerland (+4.3% per year).

In value terms, Germany ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Croatia, comprising 37% of total exports. The second position in the ranking was taken by Austria ($X), with a 16% share of total exports. It was followed by Switzerland, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+9.4% per year) and Switzerland (+5.6% per year).

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, with an increase of 6.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 when the average export price increased by 23% 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.

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

Wooden Bedroom Furniture Imports

Imports into Croatia

In 2022, supplies from abroad of wooden furniture of a kind used in the bedroom decreased by -30.8% to X units for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, showed a temperate increase. The pace of growth was the most pronounced in 2017 with an increase of 58% against the previous year. Imports peaked at X units in 2021, and then declined sharply in the following year.

In value terms, wooden bedroom furniture imports totaled $X in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.5% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 33%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Bosnia and Herzegovina (X units), Poland (X units) and Serbia (X units) were the main suppliers of wooden bedroom furniture imports to Croatia, together accounting for 67% of total imports. Italy, Germany, Romania, Slovenia and Denmark lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +31.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture suppliers to Croatia were Bosnia and Herzegovina ($X), Poland ($X) and Serbia ($X), with a combined 67% share of total imports. Italy, Germany, Romania, Slovenia and Denmark lagged somewhat behind, together accounting for a further 23%.

Romania, with a CAGR of +32.3%, saw the highest growth rate of the value of imports, among the main suppliers 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, rising by 65% against the previous year. Overall, the import price recorded a modest expansion. 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 Denmark ($X per unit) and Germany ($X per unit), while the price for Romania ($X per unit) and Slovenia ($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 (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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