Ireland: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Ireland

In 2021, the Irish bedding and furnishing article market decreased by -2.1% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, showed a strong increase. As a result, consumption attained the peak level of $X, and then dropped slightly in the following year.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Ireland

In value terms, bedding and furnishing article production amounted to $X in 2021 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.9% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 25% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Ireland

In 2021, the amount of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) exported from Ireland skyrocketed to X tons, picking up by 28% compared with the year before. Overall, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 46% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; afterwards, it flattened through to 2021.

In value terms, bedding and furnishing article exports skyrocketed to $X in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for bedding and furnishing article exports from Ireland, with a 61% share of total exports. Moreover, bedding and furnishing article exports to the UK exceeded the volume sent to the second major destination, Spain (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+6.7% per year) and the Netherlands (+17.8% per year).

In value terms, the UK ($X) remains the key foreign market for bedding and furnishing article exports from Ireland, comprising 59% of total exports. The second position in the ranking was taken by Spain ($X), with a 13% share of total exports. It was followed by Germany, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+4.5% per year) and Germany (+9.0% per year).

Export Prices by Country

The average bedding and furnishing article export price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bedding and furnishing article export price decreased by -22.5% against 2017 indices. The pace of growth appeared the most rapid in 2016 an increase of 40%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Ireland

In 2021, bedding and furnishing article imports into Ireland skyrocketed to X tons, growing by 29% on 2020 figures. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.7% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bedding and furnishing article imports skyrocketed to $X in 2021. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the UK (X tons) and India (X tons) were the main suppliers of bedding and furnishing article imports to Ireland, together comprising 81% of total imports. The Netherlands, Germany, Belgium and Pakistan lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +95.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bedding and furnishing article suppliers to Ireland were China ($X), the UK ($X) and India ($X), together accounting for 77% of total imports. These countries were followed by the Netherlands, Germany, Belgium and Pakistan, which together accounted for a further 13%.

In terms of the main suppliers, Belgium, with a CAGR of +88.0%, 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 2021, the average bedding and furnishing article import price amounted to $X per ton, picking up by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform