Australia - Wooden Furniture Of A Kind Used In The Bedroom - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWooden Bedroom Furniture Price in Australia - 2023
Contents:
- Wooden Bedroom Furniture Price in Australia (CIF) - 2023
- Wooden Bedroom Furniture Price in Australia (FOB) - 2022
- Wooden Bedroom Furniture Imports in Australia
- Wooden Bedroom Furniture Exports in Australia
Wooden Bedroom Furniture Price in Australia (CIF) - 2023
The average wooden bedroom furniture import price stood at $62.9 per unit in August 2023, declining by -9.2% against the previous month. Overall, the import price saw a noticeable slump. The pace of growth was the most pronounced in July 2023 an increase of 1.1% against the previous month. Over the period under review, average import prices hit record highs at $113 per unit in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Vietnam ($118 per unit), while the price for China ($53.3 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-2.5%), while the prices for the other major suppliers experienced a decline.
Wooden Bedroom Furniture Price in Australia (FOB) - 2022
The average wooden bedroom furniture export price stood at $91 per unit in 2022, increasing by 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2021 an increase of 31%. Over the period under review, the average export prices reached the peak figure at $95 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Singapore ($91 per unit) and China ($91 per unit), while the average price for exports to Papua New Guinea ($91 per unit) and the United States ($91 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 Japan (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Wooden Bedroom Furniture Imports in Australia
In 2022, approx. 4M units of wooden furniture of a kind used in the bedroom were imported into Australia; growing by 2.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of 4.1M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, wooden bedroom furniture imports amounted to $418M in 2022. The total import value increased at an average annual rate of +12.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wooden Bedroom Furniture in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 167 | 203 | 234 | 257 | 15.5% |
| Malaysia | 48.1 | 53.0 | 51.3 | 67.4 | 11.9% |
| Vietnam | 50.0 | 50.5 | 47.0 | 60.3 | 6.4% |
| Others | 31.0 | 30.2 | 31.2 | 33.1 | 2.2% |
| Total | 297 | 337 | 363 | 418 | 12.1% |
Top Suppliers of Wooden Bedroom Furniture to Australia in 2022:
- China (2853.0K units)
- Malaysia (578.2K units)
- Vietnam (409.0K units)
Wooden Bedroom Furniture Exports in Australia
In 2022, overseas shipments of wooden furniture of a kind used in the bedroom increased by 94% to 30K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a pronounced decline. The exports peaked at 34K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, wooden bedroom furniture exports soared to $2.7M in 2022. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wooden Bedroom Furniture in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 392 | 534 | 651 | 2,185 | 77.3% |
| Japan | N/A | 13.1 | 1.7 | 115 | 196.3% |
| United States | 33.7 | 27.9 | 76.4 | 108 | 47.4% |
| China | 188 | 5.8 | 368 | 53.6 | -34.2% |
| Singapore | 1,252 | 446 | N/A | 16.8 | -76.2% |
| Papua New Guinea | 304 | 166 | 27.9 | 6.2 | -72.7% |
| Others | 182 | 257 | 198 | 256 | 12.0% |
| Total | 2,351 | 1,449 | 1,323 | 2,740 | 5.2% |
Top Export Markets for Wooden Bedroom Furniture from Australia in 2022:
- New Zealand (24.1K units)
- Japan (1.3K units)
- United States (1.2K units)
- China (0.6K units)
- Singapore (0.2K units)
- Papua New Guinea (0.1K units)
This report provides an in-depth analysis of the wooden bedroom furniture market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 31091230 - Wooden bedroom furniture (excluding builders
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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