Malaysia: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Malaysia

In 2022, the Malaysian wooden bedroom furniture market was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.2% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Wooden Bedroom Furniture Production in Malaysia

In value terms, wooden bedroom furniture production totaled $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 15% against the previous year. Wooden bedroom furniture production peaked at $X in 2020; afterwards, it flattened through to 2022.

Wooden Bedroom Furniture Exports

Exports from Malaysia

After three years of growth, shipments abroad of wooden furniture of a kind used in the bedroom decreased by -3% to X units in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume 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, exports increased by +22.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 44% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports reached $X in 2022. The total export value increased at an average annual rate of +3.5% 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 2014 with an increase of 14% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X units) was the main destination for wooden bedroom furniture exports from Malaysia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar amounted to +171.4%.

In value terms, Myanmar ($X) emerged as the key foreign market for wooden furniture of a kind used in the bedroom exports from Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar amounted to +145.0%.

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, with an increase of 4.5% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2018 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +5.5% per year.

Wooden Bedroom Furniture Imports

Imports into Malaysia

In 2022, after two years of growth, there was significant decline in overseas purchases of wooden furniture of a kind used in the bedroom, when their volume decreased by -21.7% to X units. In general, imports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 187%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, wooden bedroom furniture imports contracted significantly to $X in 2022. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 421%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden bedroom furniture to Malaysia, accounting for a 78% share of total imports. Moreover, wooden bedroom furniture imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.5%.

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Malaysia, comprising 84% of total imports. The second position in the ranking was held by Poland ($X), with a 5.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +6.9%.

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, surging by 2.2% against the previous year. In general, the import price posted a noticeable expansion. The growth pace was the most rapid in 2013 when the average import price increased by 81%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Poland stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%).

Source: IndexBox Platform

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