Europe: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Europe

The Europe wooden bedroom furniture market fell markedly to $X in 2022, dropping by -22.4% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then fell rapidly in the following year.

Wooden Bedroom Furniture Production in Europe

In value terms, wooden bedroom furniture production dropped rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, production attained the peak level of $X, and then contracted sharply in the following year.

Wooden Bedroom Furniture Exports

Exports in Europe

In 2022, after three 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 -22.1% to X units. Total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. The volume of export peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, wooden bedroom furniture exports fell to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +55.2% 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 dropped in the following year.

Exports by Country

In 2022, Poland (X units), distantly followed by Italy (X units), Germany (X units) and Lithuania (X units) represented the major exporters of wooden furniture of a kind used in the bedroom, together creating 60% of total exports. Denmark (X units), 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) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +13.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together comprising 52% 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 31%.

Among the main exporting countries, Lithuania, with a CAGR of +14.7%, saw the highest growth rate of 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 Europe 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 most prominent rate of growth was recorded in 2018 when the export price increased by 23% against the previous year. The level of export peaked 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 Europe

After three years of growth, overseas purchases of wooden furniture of a kind used in the bedroom decreased by -31.3% to X units in 2022. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 2014 when imports increased by 30% against the previous year. The volume of import peaked at X units in 2021, and then declined notably in the following year.

In value terms, wooden bedroom furniture imports declined to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Germany (X units) and the UK (X units) were the key importers of wooden furniture of a kind used in the bedroom in Europe, together mixing up 37% of total imports. France (X units) ranks next in terms of the total imports with a 9.5% share, followed by the Netherlands (7.4%), Switzerland (7.1%) and Austria (4.7%). Italy (X units), Russia (X units), Belgium (X units), Spain (X units), Slovakia (X units), Poland (X units) and Romania (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +16.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture importing markets in Europe were Germany ($X), the UK ($X) and France ($X), with a combined 48% share of total imports. The Netherlands, Switzerland, Austria, Italy, Belgium, Spain, Slovakia, Poland, Romania and Russia lagged somewhat behind, together comprising a further 36%.

Slovakia, with a CAGR of +17.6%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Europe amounted to $X per unit, growing by 36% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform