Greece: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Greece

The Greek wooden bedroom furniture market soared to $X in 2022, increasing by 18% against the previous year. In general, consumption saw a pronounced slump. Wooden bedroom furniture consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wooden Bedroom Furniture Production in Greece

In value terms, wooden bedroom furniture production surged to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +44.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 58%. Wooden bedroom furniture production peaked in 2022 and is expected to retain growth in the immediate term.

Wooden Bedroom Furniture Exports

Exports from Greece

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom decreased by -41.9% to X units, falling for the second consecutive year after nine years of growth. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 63%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports declined dramatically to $X in 2022. Overall, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 66% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then plummeted in the following year.

Exports by Country

Cyprus (X units), Belgium (X units) and Germany (X units) were the main destinations of wooden bedroom furniture exports from Greece, together accounting for 53% of total exports. The Netherlands, Bulgaria, Italy, France, the UK, the United States, Switzerland and Spain lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +96.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden bedroom furniture exported from Greece were Cyprus ($X), Belgium ($X) and Germany ($X), together accounting for 53% of total exports. The Netherlands, Bulgaria, Italy, France, the UK, the United States, Switzerland and Spain lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, the Netherlands, with a CAGR of +100.5%, recorded 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

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a modest increase. 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 attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a 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 the United States ($X per unit) and Italy ($X per unit), while the average price for exports to Switzerland ($X per unit) and Germany ($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 the Netherlands (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Greece

In 2022, after six 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 -36.6% to X units. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 38%. Imports peaked at X units in 2021, and then declined sharply in the following year.

In value terms, wooden bedroom furniture imports fell to $X in 2022. In general, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 31% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

Turkey (X units), Italy (X units) and Poland (X units) were the main suppliers of wooden bedroom furniture imports to Greece, together accounting for 51% of total imports. Romania, Bulgaria, the Netherlands, China, Denmark, Belgium, Albania, Serbia and the UK lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +32.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Poland ($X) appeared to be the largest wooden bedroom furniture suppliers to Greece, together comprising 51% of total imports. Romania, Bulgaria, the Netherlands, China, Denmark, Belgium, Albania, Serbia and the UK lagged somewhat behind, together comprising a further 43%.

Bulgaria, with a CAGR of +33.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, with an increase of 50% against the previous year. Overall, the import price continues to indicate 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 the UK ($X per unit) and Belgium ($X per unit), while the price for Serbia ($X per unit) and Albania ($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 UK (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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