Spain: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Spain

The Spanish wooden bedroom furniture market contracted significantly to $X in 2022, declining by -19.2% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 notably in the following year.

Wooden Bedroom Furniture Production in Spain

In value terms, wooden bedroom furniture production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +37.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by 37% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Wooden Bedroom Furniture Exports

Exports from Spain

For the fifth consecutive year, Spain recorded growth in shipments abroad of wooden furniture of a kind used in the bedroom, which increased by 42% to X units in 2022. Overall, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden bedroom furniture exports skyrocketed to $X in 2022. In general, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Portugal (X units) and Mexico (X units) were the main destinations of wooden bedroom furniture exports from Spain, with a combined 60% share of total exports. Germany, the UK, Jamaica, the Dominican Republic, Morocco, Italy, the United States, Gibraltar, Chile and Saudi Arabia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Jamaica (with a CAGR of +45.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden bedroom furniture exported from Spain were France ($X), Portugal ($X) and Mexico ($X), together accounting for 60% of total exports. Germany, the UK, Jamaica, the Dominican Republic, Morocco, Italy, the United States, Gibraltar, Chile and Saudi Arabia lagged somewhat behind, together accounting for a further 28%.

Jamaica, with a CAGR of +47.0%, 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, dropping by -9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 an increase of 15% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then shrank in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Morocco ($X per unit) and Mexico ($X per unit), while the average price for exports to Italy ($X per unit) and Gibraltar ($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 Saudi Arabia (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Spain

In 2022, the amount of wooden furniture of a kind used in the bedroom imported into Spain contracted rapidly to X units, declining by -38.3% against the previous year. Over the period under review, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2014 with an increase of 67%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wooden bedroom furniture imports stood at $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.6% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 35% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of wooden bedroom furniture to Spain, with a 28% share of total imports. Moreover, wooden bedroom furniture imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Italy (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.8% per year) and Italy (+0.7% per year).

In value terms, Poland ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Spain, comprising 28% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and Italy (+1.7% per year).

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, growing by 72% against the previous year. Over the period under review, the import price saw mild growth. As a result, import price reached 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 Germany ($X per unit) and Sweden ($X per unit), while the price for Slovakia ($X per unit) and Denmark ($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 Czech Republic (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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