Portugal: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Portugal

After two years of growth, the Portuguese wooden bedroom furniture market decreased by -12.6% to $X in 2022. In general, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Wooden bedroom furniture consumption peaked at $X in 2021, and then declined in the following year.

Wooden Bedroom Furniture Production in Portugal

In value terms, wooden bedroom furniture production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports from Portugal

In 2022, overseas shipments 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. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture exports totaled $X in 2022. Overall, exports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 when exports increased by 34%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Spain (X units) and the United States (X units) were the main destinations of wooden bedroom furniture exports from Portugal, with a combined 60% share of total exports. The UK, Italy, the Czech Republic, Switzerland, Angola, Belgium, Sweden and Germany lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +89.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden bedroom furniture exported from Portugal were France ($X), Spain ($X) and the United States ($X), together accounting for 60% of total exports. The UK, Italy, the Czech Republic, Switzerland, Angola, Belgium, Sweden and Germany lagged somewhat behind, together comprising a further 25%.

The Czech Republic, with a CAGR of +91.3%, saw the highest growth rate of 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, reducing by -10.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per unit) and Belgium ($X per unit), while the average price for exports to Germany ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Portugal

In 2022, after two years of growth, there was significant decline in purchases abroad of wooden furniture of a kind used in the bedroom, when their volume decreased by -38.9% to X units. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 69%. As a result, imports attained the peak of X units, and then shrank significantly in the following year.

In value terms, wooden bedroom furniture imports fell slightly to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Spain (X units) constituted the largest wooden bedroom furniture supplier to Portugal, with a 62% share of total imports. Moreover, wooden bedroom furniture imports from Spain exceeded the figures recorded by the second-largest supplier, Poland (X units), eightfold. The third position in this ranking was taken by Italy (X units), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3.1% per year) and Italy (-2.7% per year).

In value terms, Spain ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Portugal, comprising 62% of total imports. The second position in the ranking was held by Poland ($X), with a 7.5% share of total imports. It was followed by Italy, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3.9% per year) and Italy (-1.9% per year).

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, increasing by 57% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($X per unit) and Denmark ($X per unit), while the price for Turkey ($X per unit) and Brazil ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :