Report Update Nov 1, 2024

Hong Kong SAR, China - Wooden Furniture of A Kind Used in the Bedroom - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Hong Kong SAR, China

The Hong Kong wooden bedroom furniture market dropped rapidly to $X in 2022, declining by -16.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of wooden furniture of a kind used in the bedroom decreased by -30.7% to X units, falling for the second year in a row after three years of growth. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 156%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports shrank remarkably to $X in 2022. Overall, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when exports increased by 113%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for wooden bedroom furniture exports from Hong Kong SAR, accounting for a 79% share of total exports. Moreover, wooden bedroom furniture exports to China exceeded the volume sent to the second major destination, Macao SAR (X units), sixfold. The third position in this ranking was taken by Canada (X units), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+18.1% per year) and Canada (+12.0% per year).

In value terms, China ($X), Macao SAR ($X) and the United States ($X) were the largest markets for wooden bedroom furniture exported from Hong Kong SAR worldwide, together accounting for 94% of total exports.

Among the main countries of destination, Macao SAR, with a CAGR of +19.1%, 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

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 66%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Hong Kong SAR, China

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were imported into Hong Kong SAR; dropping by -21.9% compared with the previous year's figure. Overall, imports saw a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 23%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wooden bedroom furniture imports plummeted to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of wooden bedroom furniture to Hong Kong SAR, with a approx. 97% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at -2.6%.

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, with an increase of 7.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2014 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wooden furniture of a kind used in the bedroom in the world?

The countries with the highest volumes of in 2021 were China and South Africa.

What are the largest producers of wooden furniture of a kind used in the bedroom in the world?

The country with the largest volume of wooden bedroom furniture production was China, accounting for 80% of total volume. It was followed by Italy, with a 1.6% share of total production.

What are the leading suppliers of wooden furniture of a kind used in the bedroom to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of wooden bedroom furniture to Hong Kong SAR.

What are the leading importers of wooden furniture of a kind used in the bedroom from Hong Kong SAR, China?

In value terms, China, Macao SAR and Brunei Darussalam appeared to be the largest markets for wooden bedroom furniture exported from Hong Kong SAR worldwide, together comprising 87% of total exports.

What is the average export price for wooden furniture of a kind used in the bedroom in Hong Kong SAR, China?

The average wooden bedroom furniture export price stood at $111 per unit in 2021, which is down by -15.3% against the previous year.

What is the average import price for wooden furniture of a kind used in the bedroom in Hong Kong SAR, China?

In 2021, the average wooden bedroom furniture import price amounted to $63 per unit, falling by -4.1% against the previous year.

This report provides an in-depth analysis of the wooden bedroom furniture market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31091230 - Wooden bedroom furniture (excluding builders

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023