Hong Kong SAR, China - 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 Hong Kong SAR - 2023
Contents:
- Wooden Bedroom Furniture Price in Hong Kong SAR (CIF) - 2023
- Wooden Bedroom Furniture Price in Hong Kong SAR (FOB) - 2022
- Wooden Bedroom Furniture Imports in Hong Kong SAR
- Wooden Bedroom Furniture Exports in Hong Kong SAR
Wooden Bedroom Furniture Price in Hong Kong SAR (CIF) - 2023
The average wooden bedroom furniture import price stood at $65.8 per unit in August 2023, waning by -13.9% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in May 2023 when the average import price increased by 29% against the previous month. Over the period under review, average import prices reached the maximum at $76.4 per unit in July 2023, and then fell in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From August 2022 to August 2023, the rate of growth in terms of prices for China amounted to +1.6% per month.
Wooden Bedroom Furniture Price in Hong Kong SAR (FOB) - 2022
The average wooden bedroom furniture export price stood at $107 per unit in 2022, flattening at the previous year. Over the period under review, the export price, however, showed a mild reduction. The growth pace was the most rapid in 2014 an increase of 66% against the previous year. Over the period under review, the average export prices attained the peak figure at $148 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($285 per unit), while the average price for exports to Canada ($46 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 Japan (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Wooden Bedroom Furniture Imports in Hong Kong SAR
In 2022, wooden bedroom furniture imports into Hong Kong SAR contracted remarkably to 968K units, declining by -21.9% compared with 2021. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of 1.2M units, and then contracted dramatically in the following year.
In value terms, wooden bedroom furniture imports reduced notably to $66M in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs at $87M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Wooden Bedroom Furniture in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 76.2 | 57.8 | 68.8 | 58.5 | -8.4% |
| Others | 11.0 | 9.2 | 10.4 | 7.8 | -10.8% |
| Total | 87.2 | 67.0 | 79.2 | 66.3 | -8.7% |
Top Suppliers of Wooden Bedroom Furniture to Hong Kong SAR in 2022:
- China (941.3K units)
Wooden Bedroom Furniture Exports in Hong Kong SAR
In 2022, shipments abroad of wooden furniture of a kind used in the bedroom decreased by -30.7% to 17K units, falling for the second consecutive year after two years of growth. In general, exports saw a dramatic slump. The growth pace was the most rapid in 2020 with an increase of 9.8%. As a result, the exports reached the peak of 81K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, wooden bedroom furniture exports contracted dramatically to $1.9M in 2022. Overall, exports faced a precipitous setback. The growth pace was the most rapid in 2020 when exports increased by 21%. As a result, the exports reached the peak of $11M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Wooden Bedroom Furniture in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 3.8 | 1.5 | 1.0 | -38.5% |
| Macao SAR | 0.5 | 0.8 | 0.8 | 0.7 | 11.9% |
| United States | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Singapore | 3.7 | 6.0 | N/A | N/A | 62.2% |
| Canada | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.5 | 0.3 | 0.3 | 0.1 | -41.5% |
| Total | 9.1 | 11.0 | 2.7 | 1.9 | -40.7% |
Top Export Markets for Wooden Bedroom Furniture from Hong Kong SAR in 2022:
- Singapore (undefinedK units)
- China (13.8K units)
- Macao SAR (2.3K units)
- Canada (0.5K units)
- United States (0.3K units)
This report provides an in-depth analysis of the wooden bedroom furniture market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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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