Romania: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Romania

The Romanian wooden bedroom furniture market reduced modestly to $X in 2022, shrinking by -2.3% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +28.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Wooden Bedroom Furniture Production in Romania

In value terms, wooden bedroom furniture production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 33% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Wooden Bedroom Furniture Exports

Exports from Romania

In 2022, the amount of wooden furniture of a kind used in the bedroom exported from Romania declined rapidly to X units, falling by -17.4% on the previous year. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, the exports reached the peak of X units, and then dropped significantly in the following year.

In value terms, wooden bedroom furniture exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 24%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units), the Netherlands (X units) and Germany (X units) were the main destinations of wooden bedroom furniture exports from Romania, with a combined 41% share of total exports. The United States, Italy, Greece, Belgium, Bulgaria, Turkey, the UK, Spain, Croatia and Denmark lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +56.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) were the largest markets for wooden bedroom furniture exported from Romania worldwide, together accounting for 41% of total exports. The United States, Italy, Greece, Belgium, Bulgaria, Turkey, the UK, Spain, Croatia and Denmark lagged somewhat behind, together accounting for a further 43%.

Croatia, with a CAGR of +57.9%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, rising by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per unit) and the United States ($X per unit), while the average price for exports to Bulgaria ($X per unit) and Croatia ($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 Turkey (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Romania

After six years of growth, supplies from abroad of wooden furniture of a kind used in the bedroom decreased by -43% to X units in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by 65% against the previous year. Imports peaked at X units in 2021, and then declined sharply in the following year.

In value terms, wooden bedroom furniture imports reduced slightly to $X in 2022. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 43%. Over the period under review, imports hit record highs at $X in 2021, and then fell modestly in the following year.

Imports by Country

Poland (X units), Serbia (X units) and Turkey (X units) were the main suppliers of wooden bedroom furniture imports to Romania, with a combined 41% share of total imports. Moldova, Bulgaria, Italy, Albania, Germany, Slovakia, China, Ukraine, Lithuania and Malaysia lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +70.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Serbia ($X) and Turkey ($X) were the largest wooden bedroom furniture suppliers to Romania, together accounting for 41% of total imports. Moldova, Bulgaria, Italy, Albania, Germany, Slovakia, China, Ukraine, Lithuania and Malaysia lagged somewhat behind, together accounting for a further 49%.

In terms of the main suppliers, Slovakia, with a CAGR of +72.5%, 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 average wooden bedroom furniture import price stood at $X per unit in 2022, growing by 75% against the previous year. In general, the import price saw a modest expansion. 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 highest price was recorded for prices from Malaysia ($X per unit) and Ukraine ($X per unit), while the price for China ($X per unit) and Lithuania ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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