Middle East: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in the Middle East

The Middle Eastern wooden bedroom furniture market declined dramatically to $X in 2022, dropping by -27.7% against the previous year. Over the period under review, consumption, however, recorded a remarkable increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wooden Bedroom Furniture Production in the Middle East

In value terms, wooden bedroom furniture production fell to $X in 2022 estimated in export price. In general, production, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 74%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports in the Middle East

Wooden bedroom furniture exports declined slightly to X units in 2022, falling by -4.2% compared with 2021. Total exports indicated a resilient 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 -18.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 51% against the previous year. 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 stood at $X in 2022. Total exports indicated prominent growth 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 +48.7% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 23%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey dominates exports structure, finishing at X units, which was approx. 91% of total exports in 2022. The following exporters - the United Arab Emirates (X units) and Palestine (X units) - each resulted at a 6.2% 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 the Middle East, with a CAGR of +6.2% from 2012-2022. While the share of Turkey (+5.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest wooden bedroom furniture supplier in the Middle East, comprising 92% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.4% share of total exports.

In Turkey, wooden bedroom furniture exports expanded at an average annual rate of +7.0% over the period from 2012-2022. 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

In 2022, the export price in the Middle East amounted to $X per unit, surging by 5.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 33%. Over the period under review, the export prices hit record highs 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 the Middle East

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were imported in the Middle East; waning by -6.4% against the previous year. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture imports declined to $X in 2022. Over the period under review, imports showed a slight descent. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Iraq (X units) and the United Arab Emirates (X units) were the largest importers of wooden furniture of a kind used in the bedroom in the Middle East, together resulting at near 65% of total imports. It was distantly followed by Israel (X units), Kuwait (X units), Oman (X units) and Qatar (X units), together mixing up a 28% share of total imports. Turkey (X units) followed a long way behind the leaders.

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, Iraq ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of imports in 2022, with a combined 54% share of total imports.

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 the Middle East stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the import price, however, showed a perceptible decline. The growth pace was the most rapid in 2018 an increase of 33%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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