Lithuania: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Lithuania

The Lithuanian wooden bedroom furniture market rose slightly to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2013 indices. Wooden bedroom furniture consumption peaked in 2022 and is expected to retain growth in the near future.

Wooden Bedroom Furniture Production in Lithuania

In value terms, wooden bedroom furniture production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Wooden bedroom furniture production peaked in 2022 and is expected to retain growth in the immediate term.

Wooden Bedroom Furniture Exports

Exports from Lithuania

In 2022, wooden bedroom furniture exports from Lithuania contracted to X units, declining by X% on 2021 figures. Overall, exports, however, showed a resilient increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then fell in the following year.

In value terms, wooden bedroom furniture exports reached $X in 2022. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X units), Germany (X units) and the UK (X units) were the main destinations of wooden bedroom furniture exports from Lithuania, with a combined X% share of total exports. Sweden, the Netherlands, France, Norway, Spain, Turkey, Denmark, Poland, Canada and Russia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for wooden bedroom furniture exported from Lithuania were Sweden ($X), the United States ($X) and Germany ($X), with a combined X% share of total exports. Norway, the Netherlands, the UK, France, Denmark, Spain, Poland, Canada, Turkey and Russia lagged somewhat behind, together comprising a further X%.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to 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 wooden bedroom furniture export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Turkey ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Lithuania

In 2022, after three years of growth, there was significant decline in purchases abroad of wooden furniture of a kind used in the bedroom, when their volume decreased by X% to X units. Overall, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then dropped sharply in the following year.

In value terms, wooden bedroom furniture imports declined to $X in 2022. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

Poland (X units), Belarus (X units) and Estonia (X units) were the main suppliers of wooden bedroom furniture imports to Lithuania, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture suppliers to Lithuania were Poland ($X), Estonia ($X) and Belarus ($X), together comprising X% of total imports. Italy, the United States, Ukraine, Moldova and Latvia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Moldova, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, saw a slight slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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