Scandinavia: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Scandinavia

The Scandinavia bedding and furnishing article market rose sharply to $X in 2021, surging by 9.3% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Scandinavia

In value terms, bedding and furnishing article production rose remarkably to $X in 2021 estimated in export price. In general, production, however, saw a noticeable decline. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports in Scandinavia

In 2021, after two years of decline, there was significant growth in overseas shipments of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows), when their volume increased by 6.1% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 15%. Over the period under review, the exports reached the maximum at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, bedding and furnishing article exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons) and Sweden (X tons) represented roughly 77% of total exports in 2021. It was distantly followed by Norway (X tons), making up a 22% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Norway (with a CAGR of +8.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Denmark ($X) remains the largest bedding and furnishing article supplier in Scandinavia, comprising 51% of total exports. The second position in the ranking was taken by Norway ($X), with a 24% share of total exports.

In Denmark, bedding and furnishing article exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Norway (+13.1% per year) and Sweden (+0.2% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, rising by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports in Scandinavia

For the third year in a row, Scandinavia recorded growth in supplies from abroad of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows), which increased by 0.8% to X tons in 2021. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 11% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, bedding and furnishing article imports amounted to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden was the largest importer of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) in Scandinavia, with the volume of imports recording X tons, which was approx. 43% of total imports in 2021. Denmark (X tons) held the second position in the ranking, distantly followed by Norway (X tons) and Finland (X tons). All these countries together held near 55% share of total imports.

From 2012 to 2021, the biggest increases were in Finland (with a CAGR of +4.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 83% of total imports.

Among the main importing countries, Denmark, with a CAGR of +4.1%, recorded 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

In 2021, the import price in Scandinavia amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Norway ($X per ton) and Denmark ($X per ton), while Sweden ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform