Japan: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Japan

The Japanese wooden bedroom furniture market shrank slightly to $X in 2022, with a decrease of -3.4% against the previous year. Overall, consumption saw a mild slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Wooden Bedroom Furniture Production in Japan

In value terms, wooden bedroom furniture production fell slightly to $X in 2022 estimated in export price. In general, production showed a mild curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Wooden Bedroom Furniture Exports

Exports from Japan

Wooden bedroom furniture exports from Japan fell dramatically to X units in 2022, waning by -53.5% compared with 2021. In general, exports showed a perceptible slump. The growth pace was the most rapid in 2016 with an increase of 119% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports contracted notably to $X in 2022. Overall, exports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 130% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for wooden bedroom furniture exports from Japan, with a 50% share of total exports. Moreover, wooden bedroom furniture exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Singapore (X units), threefold. South Korea (X units) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) amounted to +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+25.5% per year) and South Korea (-1.8% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for wooden furniture of a kind used in the bedroom exports from Japan, comprising 50% of total exports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total exports. It was followed by South Korea, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+24.8% per year) and South Korea (-0.8% per year).

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, increasing by 9.9% against the previous year. Over the period under review, the export price saw a mild increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 38%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($X per unit) and Hong Kong SAR ($X per unit), while the average price for exports to Singapore ($X per unit) and South Korea ($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 Hong Kong SAR (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Japan

In 2022, overseas purchases of wooden furniture of a kind used in the bedroom decreased by -15.8% to X units, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 30% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, wooden bedroom furniture imports expanded to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 8.8% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Vietnam (X units) and Malaysia (X units) were the main suppliers of wooden bedroom furniture imports to Japan, together accounting for 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +5.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wooden bedroom furniture suppliers to Japan were China ($X), Vietnam ($X) and Malaysia ($X), together comprising 95% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +6.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

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 saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 33% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 Thailand ($X per unit) and Malaysia ($X per unit), while the price for China ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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