Italy: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Italy

The Italian wooden bedroom furniture market shrank rapidly to $X in 2022, waning by -51.1% against the previous year. In general, consumption, however, posted strong growth. Wooden bedroom furniture consumption peaked at $X in 2021, and then dropped sharply in the following year.

Wooden Bedroom Furniture Production in Italy

In value terms, wooden bedroom furniture production declined sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 163%. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Wooden Bedroom Furniture Exports

Exports from Italy

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom decreased by -13.1% to X units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +54.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 36% against the previous year. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, wooden bedroom furniture exports declined slightly to $X in 2022. Over the period under review, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +70.0% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

The United States (X units) was the main destination for wooden bedroom furniture exports from Italy, accounting for a 27% share of total exports. Moreover, wooden bedroom furniture exports to the United States exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was held by China (X units), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.9% per year) and China (+22.8% per year).

In value terms, the United States ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Italy, comprising 27% of total exports. The second position in the ranking was held by France ($X), with a 9.1% share of total exports. It was followed by China, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.2% per year) and China (+24.4% per year).

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, picking up by 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2018 an increase of 25% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($X per unit) and the United States ($X per unit), while the average price for exports to the UK ($X per unit) and Canada ($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 China (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Italy

In 2022, the amount of wooden furniture of a kind used in the bedroom imported into Italy reduced notably to X units, with a decrease of -35.1% compared with 2021. Overall, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 63%. As a result, imports reached the peak of X units, and then fell markedly in the following year.

In value terms, wooden bedroom furniture imports dropped to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +32.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Poland (X units), China (X units) and Romania (X units) were the main suppliers of wooden bedroom furniture imports to Italy, with a combined 62% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and Romania ($X) constituted the largest wooden bedroom furniture suppliers to Italy, together comprising 62% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +12.4%, recorded the highest growth rate of 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 2022, the average wooden bedroom furniture import price amounted to $X per unit, growing by 39% against the previous year. Overall, the import price showed a mild increase. 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 countries with the highest prices were Denmark ($X per unit) and the Czech Republic ($X per unit), while the price for Spain ($X per unit) and Slovakia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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