Jordan: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Jordan

The Jordanian wooden bedroom furniture market was estimated at $X in 2022, increasing by 7% against the previous year. Over the period under review, consumption continues to indicate a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Wooden Bedroom Furniture Production in Jordan

In value terms, wooden bedroom furniture production rose notably to $X in 2022 estimated in export price. Overall, production enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports from Jordan

In 2022, after three years of growth, there was decline in overseas shipments of wooden furniture of a kind used in the bedroom, when their volume decreased by -2.8% to X units. Overall, exports, however, saw mild growth. The pace of growth appeared the most rapid in 2015 when exports increased by 72% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports expanded to $X in 2022. In general, exports, however, enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2019 with an increase of 137%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for wooden bedroom furniture exports from Jordan, with a 75% share of total exports. Moreover, wooden bedroom furniture exports to Saudi Arabia exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. Free Zones (X units) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+32.1% per year) and Free Zones (-3.2% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Jordan, comprising 75% of total exports. The second position in the ranking was taken by the UK ($X), with a 6.1% share of total exports. It was followed by Free Zones, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+34.6% per year) and Free Zones (-1.3% per year).

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, growing by 6.8% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden bedroom furniture export price decreased by -11.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 87% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a 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 Qatar ($X per unit) and Egypt ($X per unit), while the average price for exports to Kuwait ($X per unit) and the United Arab Emirates ($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 Egypt (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Jordan

In 2022, the amount of wooden furniture of a kind used in the bedroom imported into Jordan contracted dramatically to X units, reducing by -59.9% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 94% against the previous year. As a result, imports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, wooden bedroom furniture imports shrank significantly to $X in 2022. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 137% against the previous year. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

Turkey (X units), China (X units) and Vietnam (X units) were the main suppliers of wooden bedroom furniture imports to Jordan, with a combined 77% share 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 +73.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Vietnam ($X) were the largest wooden bedroom furniture suppliers to Jordan, together comprising 77% of total imports.

Vietnam, with a CAGR of +75.0%, recorded the highest growth rate of 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

The average wooden bedroom furniture import price stood at $X per unit in 2022, with an increase of 11% against the previous year. Over the period under review, the import price continues to indicate a mild increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 33% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and Germany ($X per unit), while the price for Poland ($X per unit) and the United States ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform