Kuwait: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Kuwait

The Kuwaiti wooden bedroom furniture market reduced to $X in 2022, waning by -12% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.7% against 2020 indices. Wooden bedroom furniture consumption peaked at $X in 2021, and then declined in the following year.

Wooden Bedroom Furniture Production in Kuwait

In value terms, wooden bedroom furniture production fell to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 49% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Wooden Bedroom Furniture Exports

Exports from Kuwait

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were exported from Kuwait; reducing by -6.7% on 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 183%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden bedroom furniture exports contracted rapidly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 271% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for wooden bedroom furniture exports from Kuwait, with a 45% share of total exports. Moreover, wooden bedroom furniture exports to Saudi Arabia exceeded the volume sent to the second major destination, Jordan (X units), twofold. Iraq (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+73.0% per year) and Iraq (-6.9% per year).

In value terms, Saudi Arabia ($X), Jordan ($X) and Qatar ($X) were the largest markets for wooden bedroom furniture exported from Kuwait worldwide, together comprising 77% of total exports.

In terms of the main countries of destination, Jordan, with a CAGR of +71.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, which is down by -10.1% against the previous year. Overall, the export price showed a mild descent. The pace of growth was the most pronounced in 2019 an increase of 31% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Kuwait

In 2022, wooden bedroom furniture imports into Kuwait fell dramatically to X units, with a decrease of -18.8% compared with 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume 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 +26.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 62%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, wooden bedroom furniture imports declined to $X in 2022. The total import value increased at an average annual rate of +4.5% 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 2021 with an increase of 36%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Turkey (X units), Italy (X units) and China (X units) were the main suppliers of wooden bedroom furniture imports to Kuwait, together accounting for 54% of total imports. Malaysia, Poland, Vietnam and Thailand lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture suppliers to Kuwait were China ($X), Turkey ($X) and Italy ($X), together accounting for 55% of total imports. Malaysia, Vietnam, Poland and Thailand lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Poland, with a CAGR of +24.3%, 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

The average wooden bedroom furniture import price stood at $X per unit in 2022, increasing by 6.9% against the previous year. Over the period under review, the import price, however, saw a mild reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 38%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :