Macedonia: Wooden Bedroom Furniture Market 2020

Wooden Bedroom Furniture Market Size in Macedonia

The revenue of the wooden bedroom furniture market in Macedonia amounted to $X in 2018, remaining constant against the previous year. In general, wooden bedroom furniture consumption, however, continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Macedonia wooden bedroom furniture consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Wooden Bedroom Furniture Production in Macedonia

In value terms, wooden bedroom furniture production totaled $X in 2018 estimated in export prices. Overall, wooden bedroom furniture production, however, continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Macedonia wooden bedroom furniture production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports from Macedonia

Wooden bedroom furniture exports from Macedonia totaled X units in 2018, growing by X% against the previous year. Over the period under review, wooden bedroom furniture exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. Over the period under review, wooden bedroom furniture exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, wooden bedroom furniture exports amounted to $X in 2018. Over the period under review, wooden bedroom furniture exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Over the period under review, wooden bedroom furniture exports attained their peak figure at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

China represented the main exporter of wooden furniture of a kind used in the bedroom exported in the world, with the volume of exports amounting to X units, which was approx. X% of total exports in 2018. Vietnam (X units) took the second position in the ranking, distantly followed by Malaysia (X units), Poland (X units), Germany (X units) and Turkey (X units). All these countries together took approx. X% share of total exports. Brazil (X units), Italy (X units) and Denmark (X units) held a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkey, while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Malaysia, Germany, Italy, Turkey, Brazil, Denmark and Macedonia, which together accounted for a further X recorded the highest growth rate of market size, among the main exporting countries over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the wooden bedroom furniture export price in Macedonia amounted to $X per unit, dropping by -X% against the previous year. Overall, the wooden bedroom furniture export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Macedonia export price peaked at $X per unit in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Macedonia

In 2018, approx. X units of wooden furniture of a kind used in the bedroom were imported into Macedonia; increasing by X% against the previous year. Over the period under review, wooden bedroom furniture imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. In that year, wooden bedroom furniture imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, wooden bedroom furniture imports totaled $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, wooden bedroom furniture imports reached their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

The U.S. was the major importer of wooden furniture of a kind used in the bedroom imported in the world, with the volume of imports finishing at X units, which was approx. X% of total imports in 2018. Germany (X units) ranks second in terms of the total imports with a X% share, followed by China, Hong Kong SAR (X%), the UK (X%) and Saudi Arabia (X%). The following importers - the United Arab Emirates (X units), Iraq (X units), Australia (X units), Japan (X units), Switzerland (X units), Canada (X units) and France (X units) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to wooden bedroom furniture imports into the U.S. stood at +X%. At the same time, Iraq (+X%), China, Hong Kong SAR (+X%), Saudi Arabia (+X%), the United Arab Emirates (+X%), Australia (+X%), Switzerland (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. By contrast, Canada (-X%), the UK (-X%), Japan (-X%) and France (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), China, Hong Kong SAR (+X p.p.), Iraq (+X p.p.) and Saudi Arabia (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the UK (-X p.p.) and France (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported wooden furniture of a kind used in the bedroom into Macedonia, comprising X% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., wooden bedroom furniture imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the wooden bedroom furniture import price in Macedonia amounted to $X per unit, waning by -X% against the previous year. Overall, the wooden bedroom furniture import price continues to indicate a mild decline. The growth pace was the most rapid in 2016 an increase of X% year-to-year. In that year, the import prices for wooden furniture of a kind used in the bedroom reached their peak level of $X per unit. From 2017 to 2018, the growth in terms of the import prices for wooden furniture of a kind used in the bedroom failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform