Luxembourg: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Luxembourg

The Luxembourg wooden bedroom furniture market declined remarkably to $X in 2022, waning by -22.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a perceptible contraction. Wooden bedroom furniture consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports from Luxembourg

For the third year in a row, Luxembourg recorded growth in overseas shipments of wooden furniture of a kind used in the bedroom, which increased by 96% to X units in 2022. Overall, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 743% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden bedroom furniture exports soared to $X in 2022. In general, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 590%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X units) was the main destination for wooden bedroom furniture exports from Luxembourg, with a 78% share of total exports. Moreover, wooden bedroom furniture exports to Switzerland exceeded the volume sent to the second major destination, Germany (X units), ninefold. The third position in this ranking was held by Belgium (X units), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland stood at +54.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.7% per year) and Belgium (-11.8% per year).

In value terms, Switzerland ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Luxembourg, comprising 78% of total exports. The second position in the ranking was held by Germany ($X), with an 8.4% share of total exports. It was followed by Belgium, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland amounted to +56.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.2% per year) and Belgium (-11.0% per year).

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, falling by -4.2% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.0% 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 increased by +83.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 55%. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per unit) and the Netherlands ($X per unit), while the average price for exports to Belgium ($X per unit) and Germany ($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 the Netherlands (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Luxembourg

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were imported into Luxembourg; which is down by -19.3% on the previous year's figure. Over the period under review, imports recorded a pronounced decline. The pace of growth appeared the most rapid in 2014 with an increase of 20% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden bedroom furniture imports shrank significantly to $X in 2022. In general, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of wooden bedroom furniture to Luxembourg, accounting for a 64% share of total imports. Moreover, wooden bedroom furniture imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), ninefold. The third position in this ranking was held by France (X units), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.8% per year) and France (+3.3% per year).

In value terms, Germany ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Luxembourg, comprising 64% of total imports. The second position in the ranking was held by Belgium ($X), with a 6.8% share of total imports. It was followed by France, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.1% per year) and France (+4.1% per year).

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, dropping by -4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 33%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then reduced slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Denmark ($X per unit), while the price for Austria ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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