EU: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in the EU

The EU wooden bedroom furniture market declined notably to $X in 2022, waning by -28.2% against the previous year. In general, consumption, however, showed a notable expansion. The level of consumption peaked at $X in 2021, and then dropped dramatically in the following year.

Wooden Bedroom Furniture Production in the EU

In value terms, wooden bedroom furniture production contracted remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 51% against the previous year. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Wooden Bedroom Furniture Exports

Exports in the EU

In 2022, after three years of growth, there was significant decline in shipments abroad of wooden furniture of a kind used in the bedroom, when their volume decreased by -22.8% to X units. Total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% 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 2019 with an increase of 32% against the previous year. The volume of export peaked at X units in 2021, and then contracted dramatically in the following year.

In value terms, wooden bedroom furniture exports fell to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +52.0% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

In 2022, Poland (X units), distantly followed by Italy (X units), Germany (X units), Lithuania (X units) and Denmark (X units) represented the key exporters of wooden furniture of a kind used in the bedroom, together committing 71% of total exports. The Czech Republic (X units), Sweden (X units), the Netherlands (X units), Portugal (X units), Spain (X units), Austria (X units), France (X units) and Romania (X units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Lithuania (with a CAGR of +13.4%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, together accounting for 58% of total exports. Lithuania, Denmark, the Czech Republic, Sweden, the Netherlands, Portugal, Spain, Austria, France and Romania lagged somewhat behind, together accounting for a further 34%.

In terms of the main exporting countries, Lithuania, with a CAGR of +14.7%, saw the highest rates of growth with regard to 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

The export price in the European Union stood at $X per unit in 2022, surging by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2018 when the export price increased by 23% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Italy ($X per unit) and Denmark ($X per unit), while Spain ($X per unit) and the Czech Republic ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the other leaders experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports in the EU

In 2022, after three 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 -36.3% to X units. In general, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. The volume of import peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, wooden bedroom furniture imports reduced to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +62.5% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Germany (X units), distantly followed by France (X units), the Netherlands (X units) and Austria (X units) represented the key importers of wooden furniture of a kind used in the bedroom, together making up 59% of total imports. Italy (X units), Belgium (X units), Spain (X units), Slovakia (X units), Poland (X units), Romania (X units), the Czech Republic (X units), Sweden (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wooden bedroom furniture imports into Germany stood at +5.2%. At the same time, Slovakia (+16.5%), Romania (+15.6%), Poland (+10.6%), Italy (+5.6%), the Czech Republic (+5.5%), the Netherlands (+5.0%), Sweden (+3.8%), Spain (+2.7%), France (+2.5%) and Denmark (+1.3%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +16.5% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, Belgium (-2.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, Slovakia and Romania increased by +3.1, +2.4 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported wooden furniture of a kind used in the bedroom in the European Union, comprising 28% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by the Netherlands, with an 11% share.

In Germany, wooden bedroom furniture imports expanded at an average annual rate of +6.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+3.2% per year) and the Netherlands (+6.0% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, surging by 42% against the previous year. Overall, the import price showed 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 importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per unit) and Sweden ($X per unit), while France ($X per unit) and Italy ($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 Czech Republic (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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