Pakistan: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Pakistan

The Pakistani wooden bedroom furniture market amounted to $X in 2022, surging by 10% against the previous year. Over the period under review, the total consumption indicated resilient 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, consumption decreased by -8.6% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Wooden Bedroom Furniture Production in Pakistan

In value terms, wooden bedroom furniture production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production 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, production decreased by -8.6% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 52%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports from Pakistan

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom increased by 243% to X units, rising for the third consecutive year after three years of decline. In general, exports enjoyed mild growth. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture exports soared to $X in 2022. Over the period under review, exports enjoyed notable growth. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units), the United States (X units) and Qatar (X units) were the main destinations of wooden bedroom furniture exports from Pakistan, together comprising 68% of total exports. The United Arab Emirates, Oman, Bangladesh, Canada and Italy lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +49.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden bedroom furniture exported from Pakistan were the UK ($X), the United States ($X) and Qatar ($X), together comprising 63% of total exports. The United Arab Emirates, Oman, Bangladesh, Canada and Italy lagged somewhat behind, together comprising a further 33%.

Italy, with a CAGR of +52.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, rising by 3.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 38%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Italy ($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 Qatar (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Pakistan

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were imported into Pakistan; declining by -53.8% on 2021. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 139%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden bedroom furniture imports fell significantly to $X in 2022. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 84% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest wooden bedroom furniture supplier to Pakistan, with a 54% share of total imports. Moreover, wooden bedroom furniture imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-9.2% per year) and Turkey (+11.3% per year).

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Pakistan, comprising 56% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.7% per year) and the United Arab Emirates (-9.0% per year).

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, shrinking by -2.5% against the previous year. Over the period under review, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2015 an increase of 33%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($X per unit) and the United States ($X per unit), while the price for the United Arab Emirates ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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