EU: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2024

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in the EU

The EU bedding and furnishing article market fell sharply to $X in 2022, with a decrease of -20.5% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in the EU

In value terms, bedding and furnishing article production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by 8.8%. As a result, production reached the peak level of $X, and then shrank modestly in the following year.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports in the EU

In 2022, after two years of growth, there was significant decline in shipments abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows), when their volume decreased by -20.2% to X tons. The total export volume increased at an average annual rate of +2.7% 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 2021 with an increase of 12% against the previous year. As a result, the exports reached the peak of X tons, and then fell significantly in the following year.

In value terms, bedding and furnishing article exports fell sharply to $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

In 2022, Poland (X tons) represented the major exporter of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows), constituting 28% of total exports. Germany (X tons) held the second position in the ranking, followed by Bulgaria (X tons), the Netherlands (X tons), Estonia (X tons) and Lithuania (X tons). All these countries together took approx. 39% share of total exports. The following exporters - Spain (X tons), Italy (X tons), Hungary (X tons), Denmark (X tons), France (X tons), Greece (X tons) and Romania (X tons) - together made up 21% of total exports.

From 2012 to 2022, average annual rates of growth with regard to bedding and furnishing article exports from Poland stood at +4.3%. At the same time, Greece (+31.7%), the Netherlands (+11.8%), Romania (+10.3%), Bulgaria (+8.7%), Spain (+7.2%), Lithuania (+4.6%), France (+4.1%), Hungary (+3.5%) and Italy (+1.1%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +31.7% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Estonia (-2.8%) and Denmark (-4.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Poland, Bulgaria, Greece and Spain increased by +4.8, +4, +3.7, +2.4 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bedding and furnishing article supplying countries in the European Union were Poland ($X), Germany ($X) and the Netherlands ($X), together comprising 43% of total exports. Spain, Italy, Bulgaria, Estonia, Denmark, France, Lithuania, Hungary, Romania and Greece lagged somewhat behind, together comprising a further 42%.

Greece, with a CAGR of +20.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with a decrease of -5.2% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 11%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+1.6%), while the other leaders experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports in the EU

In 2022, overseas purchases of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -27.2% to X tons for the first time since 2011, thus ending a ten-year rising trend. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, imports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, bedding and furnishing article imports declined sharply to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), the Netherlands (X tons), Poland (X tons), Spain (X tons), Italy (X tons) and Sweden (X tons) were the largest importers of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows), together committing 68% of total imports. The following importers - Belgium (X tons), Greece (X tons), Denmark (X tons), Austria (X tons), Romania (X tons) and the Czech Republic (X tons) - together made up 19% of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bedding and furnishing article importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined 46% share of total imports. Poland, Spain, Sweden, Italy, Austria, Belgium, Denmark, the Czech Republic, Romania and Greece lagged somewhat behind, together comprising a further 42%.

Romania, with a CAGR of +13.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 9.9%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Austria ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform