Sweden: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Sweden

In 2022, the Swedish wooden bedroom furniture market increased by 156% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a pronounced decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Wooden Bedroom Furniture Production in Sweden

In value terms, wooden bedroom furniture production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by 53% against the previous year. Wooden bedroom furniture production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Sweden

After three years of growth, overseas shipments of wooden furniture of a kind used in the bedroom decreased by -11.9% to X units in 2022. In general, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture exports surged to $X in 2022. Over the period under review, exports continue to indicate a slight reduction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for wooden bedroom furniture exports from Sweden, with a 31% share of total exports. Moreover, wooden bedroom furniture exports to the UK exceeded the volume sent to the second major destination, Norway (X units), twofold. The third position in this ranking was held by Denmark (X units), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-1.3% per year) and Denmark (+0.9% per year).

In value terms, the UK ($X) emerged as the key foreign market for wooden furniture of a kind used in the bedroom exports from Sweden, comprising 31% of total exports. The second position in the ranking was held by Norway ($X), with a 13% share of total exports. It was followed by Denmark, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-0.3% per year) and Denmark (+1.8% per year).

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, surging by 53% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 Spain ($X per unit) and Italy ($X per unit), while the average price for exports to Poland ($X per unit) and South Korea ($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 Spain (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Sweden

In 2022, after four years of growth, there was significant decline in supplies from abroad of wooden furniture of a kind used in the bedroom, when their volume decreased by -34.7% to X units. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 44%. Imports peaked at X units in 2021, and then declined notably in the following year.

In value terms, wooden bedroom furniture imports shrank to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +44.5% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 16%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Lithuania (X units), Poland (X units) and Denmark (X units) were the main suppliers of wooden bedroom furniture imports to Sweden, with a combined 62% share of total imports. China, Estonia, Romania, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +68.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture suppliers to Sweden were Lithuania ($X), Poland ($X) and Denmark ($X), with a combined 62% share of total imports. China, Estonia, Romania, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +69.5%, recorded the highest growth rate of 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 43% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. 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 countries with the highest prices were Estonia ($X per unit) and the Czech Republic ($X per unit), while the price for Romania ($X per unit) and Lithuania ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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