United Arab Emirates: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in the United Arab Emirates

The bedding and furnishing article market in the United Arab Emirates surged to $X in 2021, with an increase of 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.9% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from the United Arab Emirates

In 2021, approx. X tons of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) were exported from the United Arab Emirates; with a decrease of -11.8% against the year before. Overall, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2013 when exports increased by 28% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, bedding and furnishing article exports contracted to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 49%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons), Saudi Arabia (X tons) and Kuwait (X tons) were the main destinations of bedding and furnishing article exports from the United Arab Emirates, together accounting for 78% of total exports. Bahrain, Togo, Egypt and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were in Togo (with a CAGR of +48.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Oman ($X), Saudi Arabia ($X) and Kuwait ($X) constituted the largest markets for bedding and furnishing article exported from the United Arab Emirates worldwide, together comprising 84% of total exports. Bahrain, Egypt, Togo and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 9.6%.

Togo, with a CAGR of +40.5%, saw the highest growth rate of the value of exports, in terms of 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

The average bedding and furnishing article export price stood at $X per ton in 2021, leveling off at the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bedding and furnishing article export price increased by +21.9% against 2014 indices. The growth pace was the most rapid in 2018 an increase of 28% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Egypt ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into the United Arab Emirates

In 2021, approx. X tons of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) were imported into the United Arab Emirates; picking up by 12% on the year before. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 37%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, bedding and furnishing article imports expanded markedly to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 29%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest bedding and furnishing article supplier to the United Arab Emirates, with a 82% share of total imports. Moreover, bedding and furnishing article imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.1% per year) and Turkey (+30.6% per year).

In value terms, China ($X) constituted the largest supplier of bedding and furnishing article to the United Arab Emirates, comprising 77% of total imports. The second position in the ranking was held by India ($X), with a 7.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.5% per year) and Turkey (+20.7% per year).

Import Prices by Country

In 2021, the average bedding and furnishing article import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 10%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform