Slovakia: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Slovakia

After three years of decline, the Slovak wooden bedroom furniture market increased by 66% to $X in 2022. Overall, consumption, however, saw a deep setback. Wooden bedroom furniture consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Wooden Bedroom Furniture Production in Slovakia

In value terms, wooden bedroom furniture production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a notable expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wooden Bedroom Furniture Exports

Exports from Slovakia

After three years of growth, overseas shipments of wooden furniture of a kind used in the bedroom decreased by -9.2% to X units in 2022. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 46%. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, wooden bedroom furniture exports surged to $X in 2022. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 47%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Poland (X units) and the Netherlands (X units) were the main destinations of wooden bedroom furniture exports from Slovakia, with a combined 45% share of total exports. France, Austria, Turkey, the United States, the Czech Republic, Italy, Romania, the UK, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +66.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden bedroom furniture exported from Slovakia were Germany ($X), Poland ($X) and the Netherlands ($X), with a combined 45% share of total exports. France, Austria, Turkey, the United States, the Czech Republic, Italy, Romania, the UK, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further 47%.

Romania, with a CAGR of +67.9%, saw the highest rates of growth with regard to 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

The average wooden bedroom furniture export price stood at $X per unit in 2022, surging by 38% against the previous year. Over the last decade, 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 remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per unit) and Austria ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and the UK ($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 Slovakia

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were imported into Slovakia; with an increase of 8.3% on the year before. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 174% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, wooden bedroom furniture imports skyrocketed to $X in 2022. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 135%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X units) constituted the largest wooden bedroom furniture supplier to Slovakia, with a 15% share of total imports. Moreover, wooden bedroom furniture imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. Germany (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+7.5% per year) and Germany (-2.0% per year).

In value terms, Poland ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Slovakia, comprising 15% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 7% share of total imports. It was followed by Germany, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+10.5% per year) and Germany (+0.7% per year).

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, with an increase of 28% against the previous year. Overall, the import price showed mild growth. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Austria ($X per unit), while the price for Belarus ($X per unit) and Romania ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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