Nigeria - 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 Nigeria - 2022
Contents:
- Wooden Bedroom Furniture Price in Nigeria (CIF) - 2022
- Wooden Bedroom Furniture Price in Nigeria (FOB) - 2022
- Wooden Bedroom Furniture Imports in Nigeria
- Wooden Bedroom Furniture Exports in Nigeria
Wooden Bedroom Furniture Price in Nigeria (CIF) - 2022
In 2022, the average wooden bedroom furniture import price amounted to $208 per unit, growing by 80% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden bedroom furniture import price increased by +103.1% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($284 per unit), while the price for South Africa ($125 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Wooden Bedroom Furniture Price in Nigeria (FOB) - 2022
The average wooden bedroom furniture export price stood at $77 per unit in 2022, with an increase of 13% against the previous year. Overall, the export price, however, showed a mild slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 25% against the previous year. The export price peaked at $125 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($416 per unit), while the average price for exports to Uganda ($44 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 Ghana (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Wooden Bedroom Furniture Imports in Nigeria
In 2022, the amount of wooden furniture of a kind used in the bedroom imported into Nigeria soared to 24K units, with an increase of 66% on the previous year's figure. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.6% against 2020 indices. Over the period under review, imports attained the maximum at 24K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
In value terms, wooden bedroom furniture imports surged to $5M in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wooden Bedroom Furniture in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 365 | 385 | 313 | 1,376 | 55.6% |
| United Kingdom | 140 | 144 | 125 | 287 | 27.0% |
| Portugal | 23.1 | 245 | 53.9 | 255 | 122.7% |
| China | 310 | 499 | 78.6 | 253 | -6.5% |
| United States | 18.0 | 6.5 | 5.3 | 215 | 128.6% |
| South Africa | 8.5 | 8.7 | 7.3 | 106 | 131.9% |
| Lebanon | 2.6 | 11.6 | 20.0 | 89.3 | 225.1% |
| United Arab Emirates | 33.9 | 38.0 | 31.8 | 76.7 | 31.3% |
| Turkey | 42.6 | 123 | 13.3 | 44.1 | 1.2% |
| India | 27.9 | 46.1 | 33.1 | 1.2 | -65.0% |
| Others | 794 | 947 | 978 | 2,249 | 41.5% |
| Total | 1,765 | 2,453 | 1,660 | 4,953 | 41.1% |
Top Suppliers of Wooden Bedroom Furniture to Nigeria in 2022:
- India (undefinedK units)
- Italy (6.8K units)
- United Kingdom (1.4K units)
- Portugal (1.3K units)
- China (0.9K units)
- United States (0.8K units)
- South Africa (0.8K units)
- Lebanon (0.4K units)
- United Arab Emirates (0.3K units)
- Turkey (0.2K units)
Wooden Bedroom Furniture Exports in Nigeria
In 2022, exports of wooden furniture of a kind used in the bedroom from Nigeria dropped markedly to 1.3K units, declining by -31.8% on 2021. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 175% against the previous year. As a result, the exports reached the peak of 1.9K units, and then declined markedly in the following year.
In value terms, wooden bedroom furniture exports shrank markedly to $100K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 83%. As a result, the exports attained the peak of $129K, and then plummeted in the following year.
| Export of Wooden Bedroom Furniture in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 36.0 | 33.6 | 62.2 | 41.3 | 4.7% |
| Benin | 21.5 | 19.1 | 26.7 | 21.8 | 0.5% |
| United Kingdom | 4.3 | 5.5 | 17.0 | 11.5 | 38.8% |
| United States | 1.8 | 2.4 | 5.2 | 10.1 | 77.7% |
| Angola | 1.7 | 0.4 | 3.1 | 2.4 | 12.2% |
| Ethiopia | 1.5 | 1.6 | 2.6 | 2.4 | 17.0% |
| Uganda | 1.4 | 1.4 | 2.3 | 2.2 | 16.3% |
| Others | 12.2 | 6.4 | 9.8 | 8.0 | -13.1% |
| Total | 80.5 | 70.4 | 129 | 99.6 | 7.4% |
Top Export Markets for Wooden Bedroom Furniture from Nigeria in 2022:
- Niger (485.0 units)
- Benin (348.0 units)
- United Kingdom (165.0 units)
- United States (93.0 units)
- Uganda (50.0 units)
- Angola (32.0 units)
- Ethiopia (32.0 units)
This report provides an in-depth analysis of the wooden bedroom furniture market in Nigeria. 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:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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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