Libya: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Libya

The Libyan wooden bedroom furniture market stood at $X in 2022, stabilizing at the previous year. In general, consumption showed a perceptible slump. Wooden bedroom furniture consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Wooden Bedroom Furniture Production in Libya

In value terms, wooden bedroom furniture production soared to $X in 2022 estimated in export price. In general, production showed a resilient increase. Wooden bedroom furniture production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Libya

In 2022, shipments abroad of wooden furniture of a kind used in the bedroom increased by 9.1% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports showed tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of 389% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports fell to $X in 2022. Overall, exports posted a notable expansion. The growth pace was the most rapid in 2013 when exports increased by 639% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Malta (X units) was the main destination for wooden bedroom furniture exports from Libya, accounting for a 42% share of total exports. Moreover, wooden bedroom furniture exports to Malta exceeded the volume sent to the second major destination, Egypt (X units), threefold. The third position in this ranking was held by Ghana (X units), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malta stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (0.0% per year) and Ghana (0.0% per year).

In value terms, Malta ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Libya, comprising 55% of total exports. The second position in the ranking was held by Egypt ($X), with a 27% share of total exports. It was followed by Benin, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malta totaled +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (0.0% per year) and Benin (-7.8% per year).

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, declining by -21.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 51%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Ghana ($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 Malta (+16.1%), while the prices for the other major destinations experienced a decline.

Wooden Bedroom Furniture Imports

Imports into Libya

In 2022, imports of wooden furniture of a kind used in the bedroom into Libya dropped notably to X units, which is down by -15.9% compared with the previous year. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by 120%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wooden bedroom furniture imports reduced to $X in 2022. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 77% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X units) was the main supplier of wooden bedroom furniture to Libya, with a 90% share of total imports. Moreover, wooden bedroom furniture imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. China (X units) ranked third in terms of total imports with a 0.3% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-21.9% per year) and China (-42.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Libya, comprising 90% of total imports. The second position in the ranking was held by Italy ($X), with a 6.7% share of total imports. It was followed by China, with a 0.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-20.9% per year) and China (-37.8% per year).

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, picking up by 2.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 30% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 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 ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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