Finland: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Finland

The Finnish wooden bedroom furniture market contracted slightly to $X in 2022, dropping by -1.7% against the previous year. Overall, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Bedroom Furniture Production in Finland

In value terms, wooden bedroom furniture production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 48%. Wooden bedroom furniture production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Finland

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom increased by 262% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, recorded a deep downturn. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports soared to $X in 2022. In general, exports, however, showed a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X units), the United Arab Emirates (X units) and Russia (X units) were the main destinations of wooden bedroom furniture exports from Finland, together comprising 55% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +18.9%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), the United Arab Emirates ($X) and Russia ($X) were the largest markets for wooden bedroom furniture exported from Finland worldwide, together accounting for 55% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +14.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, with a decrease of -56.7% against the previous year. Over the period under review, the export price, however, recorded a slight increase. The pace of growth appeared the most rapid in 2019 an increase of 119% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per unit) and Sweden ($X per unit), while the average price for exports to France ($X per unit) and the UK ($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 France (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Finland

In 2022, after two years of growth, there was significant decline in supplies from abroad of wooden furniture of a kind used in the bedroom, when their volume decreased by -7.9% to X units. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 33% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden bedroom furniture imports stood at $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Estonia (X units), Poland (X units) and Sweden (X units) were the main suppliers of wooden bedroom furniture imports to Finland, with a combined 57% share of total imports. Lithuania, Latvia, China and Romania lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +46.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture suppliers to Finland were Poland ($X), Estonia ($X) and Sweden ($X), together accounting for 56% of total imports. Lithuania, Latvia, China and Romania lagged somewhat behind, together accounting for a further 28%.

Among the main suppliers, Latvia, with a CAGR of +45.1%, recorded 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 average wooden bedroom furniture import price amounted to $X per unit, growing by 17% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($X per unit) and Sweden ($X per unit), while the price for Latvia ($X per unit) and Estonia ($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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