Norway: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Norway

In 2022, the Norwegian wooden bedroom furniture market decreased by -25.5% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption recorded a noticeable decrease. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Wooden Bedroom Furniture Production in Norway

In value terms, wooden bedroom furniture production declined rapidly to $X in 2022 estimated in export price. In general, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by 253% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports from Norway

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom increased by 1% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2016 with an increase of 23% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden bedroom furniture exports soared to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +45.4% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X units), Denmark (X units) and Germany (X units) were the main destinations of wooden bedroom furniture exports from Norway, with a combined 69% share of total exports. Finland, Switzerland, Spain, Austria and the Netherlands lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +22.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Denmark ($X) were the largest markets for wooden bedroom furniture exported from Norway worldwide, together comprising 70% of total exports. Finland, Switzerland, Spain, the Netherlands and Austria lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, Spain, with a CAGR of +19.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, jumping by 17% against the previous year. Overall, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2017 an increase of 39% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Norway

In 2022, the amount of wooden furniture of a kind used in the bedroom imported into Norway reduced to X units, with a decrease of -13% on the year before. Overall, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, wooden bedroom furniture imports fell modestly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 12%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lithuania (X units), Poland (X units) and Denmark (X units) were the main suppliers of wooden bedroom furniture imports to Norway, with a combined 71% share of total imports. China, Sweden, Romania, Estonia and Switzerland lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +7.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture suppliers to Norway were Lithuania ($X), Poland ($X) and Sweden ($X), with a combined 68% share of total imports.

Lithuania, with a CAGR of +10.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, surging by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 22%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Sweden ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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