IndexBox has just published a new report: ‘EU – Wooden Furniture Of A Kind Used In The Bedroom – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The EU wooden bedroom furniture market amounted to $5.1B in 2019, which is down by -12.8% 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 market hit record highs at $6.1B in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Consumption by Country

The countries with the highest volumes of wooden bedroom furniture consumption in 2019 were France (14M units), the UK (11M units) and Germany (10M units), together comprising 56% of total consumption. Spain, Lithuania, Poland, the Netherlands, Romania, the Czech Republic, Portugal and Denmark lagged somewhat behind, together comprising a further 32%.

From 2013 to 2019, the most notable rate of growth in terms of wooden bedroom furniture consumption, amongst the main consuming countries, was attained by Spain, while wooden bedroom furniture consumption for the other leaders experienced more modest paces of growth.

In value terms, the UK ($1.1B), Germany ($1B) and France ($707M) were the countries with the highest levels of market value in 2019, with a combined 55% share of the total market. These countries were followed by Spain, Lithuania, the Netherlands, Romania, Poland, the Czech Republic, Denmark and Portugal, which together accounted for a further 31%.

In 2019, the highest levels of wooden bedroom furniture per capita consumption was registered in Lithuania (1,619 units per 1000 persons), followed by France (209 units per 1000 persons), the UK (169 units per 1000 persons) and Denmark (167 units per 1000 persons), while the world average per capita consumption of wooden bedroom furniture was estimated at 123 units per 1000 persons.

Production in the EU

In 2019, the amount of wooden furniture of a kind used in the bedroom produced in the European Union totaled 77M units, surging by 7.4% against the previous year. The total output volume increased at an average annual rate of +1.5% from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, production reached the peak volume and is likely to continue growing in the immediate term.

Production by Country

The countries with the highest volumes of wooden bedroom furniture production in 2019 were Poland (16M units), France (12M units) and Germany (11M units), with a combined 50% share of total production. Lithuania, Spain, the UK, Italy, Denmark and Portugal lagged somewhat behind, together accounting for a further 35%.

From 2013 to 2019, the most notable rate of growth in terms of wooden bedroom furniture production, amongst the main producing countries, was attained by Spain, while wooden bedroom furniture production for the other leaders experienced more modest paces of growth.

Exports in the EU

In 2019, the amount of wooden furniture of a kind used in the bedroom exported in the European Union soared to 48M units, growing by 38% against the previous year. The total export volume increased at an average annual rate of +5.6% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. In value terms, wooden bedroom furniture exports contracted to $3.5B (IndexBox estimates) in 2019.

Exports by Country

In 2019, Poland (13M units), distantly followed by Germany (8.4M units), Italy (5.4M units), Denmark (3.4M units) and Lithuania (2.8M units) represented the major exporters of wooden furniture of a kind used in the bedroom, together creating 69% of total exports. France (1.7M units), the Czech Republic (1.6M units), Portugal (1.5M units), the Netherlands (1.4M units), Romania (1.1M units), Sweden (1M units) and Austria (1M units) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Austria, while exports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($897M), Germany ($576M) and Italy ($470M) were the countries with the highest levels of exports in 2019, together accounting for 56% of total exports. These countries were followed by Denmark, Lithuania, France, the Czech Republic, Portugal, Austria, the Netherlands, Romania and Sweden, which together accounted for a further 32%.

Export Prices by Country

The wooden bedroom furniture export price in the European Union stood at $73 per unit in 2019, reducing by -27.7% against the previous year.

Average prices varied somewhat amongst the major exporting countries. In 2019, major exporting countries recorded the following prices: in Austria ($101 per unit) and Italy ($87 per unit), while Sweden ($69 per unit) and France ($69 per unit) were amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the other leaders experienced a decline in the export price figures.

Source: IndexBox AI Platform