U.S.: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in the U.S.

In 2022, the U.S. wooden bedroom furniture market increased by 10% to $X, rising for the second year in a row after five years of decline. Overall, consumption, however, showed a pronounced slump. Wooden bedroom furniture consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Bedroom Furniture Production in the U.S.

In value terms, wooden bedroom furniture production shrank markedly to $X in 2022. Overall, production faced a dramatic setback. The growth pace was the most rapid in 2015 when the production volume decreased by -1.7% against the previous year. Wooden bedroom furniture production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wooden Bedroom Furniture Exports

Exports from the U.S.

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by 28%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wooden bedroom furniture exports fell to $X in 2022. The total export value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 13%. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Canada (X units), Mexico (X units) and Germany (X units) were the main destinations of wooden bedroom furniture exports from the United States, with a combined 53% share of total exports. The Dominican Republic, Jamaica, China, the UK, Lithuania, Bahamas, Aruba, Panama, Cayman Islands and Japan lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +39.5%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from the United States, comprising 81% of total exports. The second position in the ranking was taken by Mexico ($X), with a 2.5% share of total exports. It was followed by Bahamas, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.9% per year) and Bahamas (+9.1% per year).

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, waning by -14.2% against the previous year. In general, the export price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 350% against the previous year. The export price peaked at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into the U.S.

For the seventh consecutive year, the United States recorded growth in purchases abroad of wooden furniture of a kind used in the bedroom, which increased by 0.6% to X units in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% 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 +57.1% against 2014 indices. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wooden bedroom furniture imports stood at $X in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Vietnam (X units) constituted the largest wooden bedroom furniture supplier to the United States, with a 40% share of total imports. Moreover, wooden bedroom furniture imports from Vietnam exceeded the figures recorded by the second-largest supplier, Malaysia (X units), twofold. Mexico (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+9.0% per year) and Mexico (+17.5% per year).

In value terms, Vietnam ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to the United States, comprising 49% of total imports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total imports. It was followed by Indonesia, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.3% per year) and Indonesia (+1.8% per year).

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, growing by 13% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 13%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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