Iran: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Iran

The Iranian wooden bedroom furniture market fell slightly to $X in 2022, which is down by -2.4% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.4% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Wooden Bedroom Furniture Production in Iran

In value terms, wooden bedroom furniture production dropped to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 40%. Wooden bedroom furniture production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Iran

In 2022, after two years of growth, there was significant decline in shipments abroad of wooden furniture of a kind used in the bedroom, when their volume decreased by -28.3% to X units. In general, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 123% against the previous year. As a result, the exports reached the peak of X units, and then declined significantly in the following year.

In value terms, wooden bedroom furniture exports shrank rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 133%. The exports peaked at $X in 2021, and then shrank notably in the following year.

Exports by Country

Qatar (X units) was the main destination for wooden bedroom furniture exports from Iran, with a 27% share of total exports. Moreover, wooden bedroom furniture exports to Qatar exceeded the volume sent to the second major destination, the UK (X units), threefold. The third position in this ranking was taken by Italy (X units), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled +74.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+51.4% per year) and Italy (0.0% per year).

In value terms, Qatar ($X) emerged as the key foreign market for wooden furniture of a kind used in the bedroom exports from Iran, comprising 24% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Italy, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar stood at +77.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+53.1% per year) and Italy (0.0% per year).

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, increasing by 6.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 60%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per unit) and Bahrain ($X per unit), while the average price for exports to Georgia ($X per unit) and Qatar ($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 Bahrain (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Iran

In 2022, wooden bedroom furniture imports into Iran reduced slightly to X units, approximately reflecting 2021. In general, imports faced a sharp decline. The pace of growth was the most pronounced in 2019 when imports increased by 747%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture imports shrank to $X in 2022. Overall, imports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 389%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X units) was the main wooden bedroom furniture supplier to Iran, accounting for a 94% share of total imports. It was followed by China (X units), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-43.7% per year) and Italy (-26.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Iran, comprising 93% of total imports. The second position in the ranking was taken by China ($X), with a 3.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-41.2% per year) and Italy (-26.2% per year).

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, reducing by -7.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 18%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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