Germany: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Germany

In 2022, the German wooden bedroom furniture market increased by 7.5% to $X, rising for the third consecutive year after three years of decline. Overall, consumption saw a mild reduction. Wooden bedroom furniture consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wooden Bedroom Furniture Production in Germany

In value terms, wooden bedroom furniture production expanded rapidly to $X in 2022 estimated in export price. In general, production showed a noticeable downturn. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Germany

After three years of growth, shipments abroad of wooden furniture of a kind used in the bedroom decreased by -28.4% to X units in 2022. In general, exports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2019 with an increase of 26%. The exports peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, wooden bedroom furniture exports contracted markedly to $X in 2022. Overall, exports recorded a slight reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 7.3%. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

Switzerland (X units), Austria (X units) and the Netherlands (X units) were the main destinations of wooden bedroom furniture exports from Germany, together accounting for 52% of total exports. The UK, France, Belgium, the Czech Republic, Poland, Luxembourg and Hungary lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +9.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X), Austria ($X) and the Netherlands ($X) were the largest markets for wooden bedroom furniture exported from Germany worldwide, together accounting for 52% of total exports. The UK, France, Belgium, the Czech Republic, Poland, Luxembourg and Hungary lagged somewhat behind, together comprising a further 37%.

Poland, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, increasing by 18% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Austria ($X per unit) and the Netherlands ($X per unit), while the average price for exports to Poland ($X per unit) and the Czech Republic ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Germany

In 2022, purchases abroad of wooden furniture of a kind used in the bedroom decreased by -37.7% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by 49%. Over the period under review, imports hit record highs at X units in 2021, and then dropped dramatically in the following year.

In value terms, wooden bedroom furniture imports reduced to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 2014 when imports increased by 19% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Poland (X units) constituted the largest wooden bedroom furniture supplier to Germany, with a 37% share of total imports. Moreover, wooden bedroom furniture imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Turkey (X units), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.9% per year) and Turkey (+10.6% per year).

In value terms, Poland ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Germany, comprising 37% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Turkey, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.7% per year) and Turkey (+11.5% per year).

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, picking up by 43% against the previous year. In general, the import price saw 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 supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and Romania ($X per unit), while the price for Slovakia ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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