Global Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size

The global wooden bedroom furniture market shrank to $X in 2022, falling by -10% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the global market failed to regain momentum.

Wooden Bedroom Furniture Production

In value terms, wooden bedroom furniture production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 21%. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports

In 2022, the amount of wooden furniture of a kind used in the bedroom exported worldwide reduced to X units, with a decrease of -12.7% on 2021. The total export volume increased at an average annual rate of +2.4% 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 2016 when exports increased by 29%. Over the period under review, the global exports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, wooden bedroom furniture exports reduced to $X in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 15%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, China (X units), distantly followed by Malaysia (X units), Vietnam (X units), Poland (X units), Turkey (X units) and Italy (X units) were the major exporters of wooden furniture of a kind used in the bedroom, together creating 64% of total exports. The following exporters - Germany (X units), Brazil (X units), Mexico (X units), Indonesia (X units), Lithuania (X units), Canada (X units) and Denmark (X units) - together made up 20% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +19.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest wooden bedroom furniture supplier worldwide, comprising 24% of global exports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of global exports. It was followed by Poland, with a 9.5% share.

In China, wooden bedroom furniture exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+4.2% per year) and Poland (+11.2% per year).

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, growing by 11% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.3%), while the other global leaders experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports

In 2022, after three years of growth, there was significant decline in supplies from abroad of wooden furniture of a kind used in the bedroom, when their volume decreased by -14.2% to X units. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 20% against the previous year. Global imports peaked at X units in 2021, and then contracted in the following year.

In value terms, wooden bedroom furniture imports stood at $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 18%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States was the main importer of wooden furniture of a kind used in the bedroom in the world, with the volume of imports reaching X units, which was near 45% of total imports in 2022. Germany (X units) held a 5.6% share (based on physical terms) of total imports, which put it in second place, followed by the UK (4.9%). Australia (X units), Canada (X units), France (X units), Iraq (X units), the Netherlands (X units), Switzerland (X units), the United Arab Emirates (X units) and Japan (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the wooden furniture of a kind used in the bedroom imports, with a CAGR of +6.9% from 2012 to 2022. At the same time, Germany (+5.2%), the Netherlands (+5.0%), the United Arab Emirates (+4.4%), Iraq (+3.9%), France (+2.5%), Australia (+2.1%), the UK (+1.7%), Canada (+1.5%) and Japan (+1.2%) displayed positive paces of growth. Switzerland experienced a relatively flat trend pattern. The United States (+12 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported wooden furniture of a kind used in the bedroom worldwide, comprising 37% of global imports. The second position in the ranking was taken by Germany ($X), with a 7.2% share of global imports. It was followed by the UK, with a 6.4% share.

In the United States, wooden bedroom furniture imports increased at an average annual rate of +4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+6.0% per year) and the UK (+2.6% per year).

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, jumping by 18% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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