Ireland: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Ireland

In 2022, the Irish wooden bedroom furniture market decreased by -17.2% to $X for the first time since 2015, thus ending a six-year rising trend. Overall, consumption, however, showed a noticeable increase. Over the period under review, the market hit record highs at $X in 2021, and then shrank rapidly in the following year.

Wooden Bedroom Furniture Production in Ireland

In value terms, wooden bedroom furniture production skyrocketed to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +34.0% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 29%. Wooden bedroom furniture production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wooden Bedroom Furniture Exports

Exports from Ireland

In 2022, the amount of wooden furniture of a kind used in the bedroom exported from Ireland dropped slightly to X units, shrinking by -3.8% compared with the previous year. In general, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.0% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 57%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, wooden bedroom furniture exports dropped to $X in 2022. Overall, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.7% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 27%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for wooden bedroom furniture exports from Ireland, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +8.6%.

From 2012 to 2022, the average annual growth rate of value to the UK totaled +9.6%.

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, shrinking by -2.6% against the previous year. Over the period under review, the export price, however, saw a mild expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 23% against the previous year. The export price peaked at $X per unit in 2021, and then shrank modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +1.0% per year.

Wooden Bedroom Furniture Imports

Imports into Ireland

In 2022, the amount of wooden furniture of a kind used in the bedroom imported into Ireland reduced to X units, with a decrease of -6.6% on 2021 figures. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume 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, imports increased by +23.9% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 36%. Over the period under review, imports hit record highs at X units in 2021, and then declined in the following year.

In value terms, wooden bedroom furniture imports soared to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Vietnam (X units) and the UK (X units) were the main suppliers of wooden bedroom furniture imports to Ireland, with a combined 67% share of total imports. Malaysia, Turkey, Poland, Brazil and Indonesia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +49.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and the UK ($X) were the largest wooden bedroom furniture suppliers to Ireland, with a combined 67% share of total imports. Malaysia, Turkey, Poland, Brazil and Indonesia lagged somewhat behind, together accounting for a further 24%.

Turkey, with a CAGR of +54.1%, saw the highest rates of growth with regard to the value of imports, among 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, growing by 24% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($X per unit) and Vietnam ($X per unit), while the price for Brazil ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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