Report Update Nov 1, 2024

Myanmar - Wooden Furniture of A Kind Used in the Bedroom - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Myanmar

In 2022, the Myanmar's wooden bedroom furniture market decreased by -82.6% to $X, falling for the third consecutive year after two years of decline. Overall, consumption, however, saw a drastic downturn. Wooden bedroom furniture consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Wooden Bedroom Furniture Production in Myanmar

In value terms, wooden bedroom furniture production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 35%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Myanmar

Wooden bedroom furniture exports from Myanmar soared to X units in 2022, jumping by 1,262% against the year before. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 2,178%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, wooden bedroom furniture exports soared to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 3,789% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

India (X units) was the main destination for wooden bedroom furniture exports from Myanmar, accounting for a approx. 99% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to India amounted to +895.1%.

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

From 2013 to 2022, the average annual rate of growth in terms of value to India totaled +511.1%.

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, with a decrease of -84.3% against the previous year. In general, the export price faced a deep contraction. The growth pace was the most rapid in 2015 an increase of 97% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 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 India.

From 2013 to 2022, the rate of growth in terms of prices for Australia amounted to +12.8% per year.

Wooden Bedroom Furniture Imports

Imports into Myanmar

In 2022, overseas purchases of wooden furniture of a kind used in the bedroom were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 544%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wooden bedroom furniture imports skyrocketed to $X in 2022. Over the period under review, imports saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of 255% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 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 Myanmar, accounting for a 81% share of total imports. Moreover, wooden bedroom furniture imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+176.6% per year) and Thailand (+2.7% per year).

In value terms, China ($X), South Korea ($X) and Thailand ($X) appeared to be the largest wooden bedroom furniture suppliers to Myanmar, together comprising 98% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +162.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, growing by 8.2% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wooden furniture of a kind used in the bedroom in the world?

The countries with the highest volumes of in 2021 were China and South Africa.

What are the largest producers of wooden furniture of a kind used in the bedroom in the world?

China remains the largest wooden bedroom furniture producing country worldwide, comprising approx. 80% of total volume. It was followed by Italy, with a 1.6% share of total production.

What are the leading suppliers of wooden furniture of a kind used in the bedroom to Myanmar?

In value terms, Vietnam constituted the largest supplier of wooden bedroom furniture to Myanmar, comprising 55% of total imports. The second position in the ranking was occupied by Thailand, with an 18% share of total imports. It was followed by China, with a 13% share.

What are the leading importers of wooden furniture of a kind used in the bedroom from Myanmar?

In value terms, China remains the key foreign market for wooden bedroom furniture exports from Myanmar, comprising 53% of total exports. The second position in the ranking was occupied by India, with a 23% share of total exports. It was followed by Thailand, with a 10% share.

What is the average export price for wooden furniture of a kind used in the bedroom in Myanmar?

The average wooden bedroom furniture export price stood at $709 per unit in 2021, with a decrease of -2.4% against the previous year.

What is the average import price for wooden furniture of a kind used in the bedroom in Myanmar?

The average wooden bedroom furniture import price stood at $56 per unit in 2021, growing by 4.3% against the previous year.

This report provides an in-depth analysis of the wooden bedroom furniture market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31091230 - Wooden bedroom furniture (excluding builders

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023