Turkey: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Turkey

The Turkish wooden bedroom furniture market declined sharply to $X in 2022, reducing by -33.7% against the previous year. Over the period under review, consumption, however, posted a significant expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wooden Bedroom Furniture Production in Turkey

In value terms, wooden bedroom furniture production dropped notably to $X in 2022 estimated in export price. In general, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 86%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports from Turkey

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were exported from Turkey; waning by -4.8% on the previous year's figure. In general, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 54%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports rose to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.6% against 2014 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 25%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Iraq (X units) was the main destination for wooden bedroom furniture exports from Turkey, accounting for a 28% share of total exports. Moreover, wooden bedroom furniture exports to Iraq exceeded the volume sent to the second major destination, Libya (X units), threefold. Israel (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (-1.3% per year) and Israel (+31.2% per year).

In value terms, Iraq ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Turkey, comprising 28% of total exports. The second position in the ranking was taken by Libya ($X), with a 9.3% share of total exports. It was followed by Israel, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Iraq stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (-0.3% per year) and Israel (+32.5% per year).

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, with an increase of 6.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 38%. 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 foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($X per unit) and Romania ($X per unit), while the average price for exports to Qatar ($X per unit) and the UK ($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 Belgium (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Turkey

In 2022, overseas purchases of wooden furniture of a kind used in the bedroom were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports showed a relatively flat trend pattern. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wooden bedroom furniture imports soared to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +64.6% against 2020 indices. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Lithuania (X units), Poland (X units) and Italy (X units) were the main suppliers of wooden bedroom furniture imports to Turkey, with a combined 83% share of total imports. Romania, Slovakia, Portugal, Germany and China lagged somewhat behind, together accounting for a further 9.2%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture suppliers to Turkey were Lithuania ($X), Poland ($X) and Italy ($X), together comprising 83% of total imports. Romania, Slovakia, Portugal, Germany and China lagged somewhat behind, together accounting for a further 9.2%.

Slovakia, with a CAGR of +25.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($X per unit) and Lithuania ($X per unit), while the price for Slovakia ($X per unit) and Portugal ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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