Eastern Asia: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Eastern Asia

In 2022, the East Asian wooden bedroom furniture market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Wooden Bedroom Furniture Production in Eastern Asia

In value terms, wooden bedroom furniture production shrank to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 21%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Wooden Bedroom Furniture Exports

Exports in Eastern Asia

In 2022, after two 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 -11.6% to X units. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 58%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden bedroom furniture exports reduced modestly to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from China (X units), together recording 99% of total export.

China experienced a relatively flat trend pattern with regard to volume of exports of wooden furniture of a kind used in the bedroom. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest wooden bedroom furniture supplier in Eastern Asia.

In China, wooden bedroom furniture exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, picking up by 11% against the previous year. Overall, the export price, however, saw a mild decrease. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.0% per year.

Wooden Bedroom Furniture Imports

Imports in Eastern Asia

For the third year in a row, Eastern Asia recorded decline in purchases abroad of wooden furniture of a kind used in the bedroom, which decreased by -18.7% to X units in 2022. The total import volume increased at an average annual rate of +1.8% 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 2019 when imports increased by 19%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden bedroom furniture imports dropped to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 10%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

Japan (X units), Taiwan (Chinese) (X units), Hong Kong SAR (X units) and South Korea (X units) represented roughly 94% of total imports in 2022. It was distantly followed by China (X units), generating a 4.8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +20.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 79% of total imports. Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together comprising a further 19%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +11.4%, saw the highest rates of growth with regard to 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 import price in Eastern Asia amounted to $X per unit, growing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 when the import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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