MENA: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in MENA

The MENA's wooden bedroom furniture market shrank rapidly to $X in 2022, dropping by -27% against the previous year. Overall, consumption, however, saw a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Wooden Bedroom Furniture Production in MENA

In value terms, wooden bedroom furniture production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 72%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports in MENA

Wooden bedroom furniture exports contracted to X units in 2022, which is down by -4.5% on the year before. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 50%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports stood at $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +48.3% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey prevails in exports structure, amounting to X units, which was near 91% of total exports in 2022. The following exporters - the United Arab Emirates (X units) and Palestine (X units) - each resulted at a 6.1% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wooden bedroom furniture exports from Turkey stood at +6.0%. At the same time, the United Arab Emirates (+6.2%) and Palestine (+3.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +6.2% from 2012-2022. Turkey (+5.2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest wooden bedroom furniture supplier in MENA, comprising 91% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +7.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+1.8% per year) and Palestine (+2.0% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, surging by 5.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by 33%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Palestine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.9%), while the other leaders experienced a decline in the export price figures.

Wooden Bedroom Furniture Imports

Imports in MENA

In 2022, the amount of wooden furniture of a kind used in the bedroom imported in MENA contracted to X units, falling by -8.3% compared with 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 34%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, wooden bedroom furniture imports dropped to $X in 2022. In general, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 21%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Iraq (X units) and the United Arab Emirates (X units) represented the key importers of wooden furniture of a kind used in the bedroom in 2022, recording near 30% and 26% of total imports, respectively. Libya (X units) took the next position in the ranking, followed by Israel (X units), Kuwait (X units), Oman (X units) and Qatar (X units). All these countries together held approx. 34% share of total imports. Turkey (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture importing markets in MENA were Iraq ($X), the United Arab Emirates ($X) and Libya ($X), with a combined 48% share of total imports. Israel, Kuwait, Oman, Qatar and Turkey lagged somewhat behind, together accounting for a further 23%.

In terms of the main importing countries, Israel, with a CAGR of +22.2%, saw the highest rates of growth with regard to 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 import price in MENA stood at $X per unit in 2022, with an increase of 2.3% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 when the import price increased by 28% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform