United Kingdom: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in the UK

The UK wooden bedroom furniture market rose slightly to $X in 2022, with an increase of 4.9% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Wooden bedroom furniture consumption peaked in 2022 and is likely to see steady growth in years to come.

Wooden Bedroom Furniture Production in the UK

In value terms, wooden bedroom furniture production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 16%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports from the UK

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom increased by 1.7% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 49% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture exports rose notably to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 22% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X units), the United States (X units) and the Netherlands (X units) were the main destinations of wooden bedroom furniture exports from the UK, with a combined 52% share of total exports. France, Germany, Spain, Brazil, the United Arab Emirates, Saudi Arabia, China, Singapore, Italy and Nigeria lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +47.6%), while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the United States ($X) and the Netherlands ($X) constituted the largest markets for wooden bedroom furniture exported from the UK worldwide, with a combined 52% share of total exports. France, Germany, Spain, Brazil, the United Arab Emirates, Saudi Arabia, China, Singapore, Italy and Nigeria lagged somewhat behind, together comprising a further 27%.

In terms of the main countries of destination, Brazil, with a CAGR of +49.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, with an increase of 10% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Nigeria ($X per unit) and Saudi Arabia ($X per unit), while the average price for exports to Italy ($X per unit) and China ($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 Nigeria (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into the UK

In 2022, wooden bedroom furniture imports into the UK reduced rapidly to X units, waning by -17.5% against 2021 figures. The total import volume increased at an average annual rate of +1.7% 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 2014 with an increase of 49%. Over the period under review, imports attained the peak figure at X units in 2021, and then contracted dramatically in the following year.

In value terms, wooden bedroom furniture imports rose to $X in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden bedroom furniture to the UK, accounting for a 39% share of total imports. Moreover, wooden bedroom furniture imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold. The third position in this ranking was held by Poland (X units), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.8% per year) and Poland (+4.0% per year).

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to the UK, comprising 39% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 9.4% share of total imports. It was followed by Poland, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+1.8% per year) and Poland (+5.0% per year).

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, increasing by 24% against the previous year. In general, the import price showed a slight increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 33%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady 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 Lithuania ($X per unit) and Vietnam ($X per unit), while the price for Italy ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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