Cyprus: Wooden Bedroom Furniture Market 2020

Wooden Bedroom Furniture Market Size in Cyprus

The revenue of the wooden bedroom furniture market in Cyprus amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, wooden bedroom furniture consumption, however, continues to indicate a deep curtailment. The pace of growth was the most pronounced in 2016 when the market value increased by X% against the previous year. Over the period under review, the wooden bedroom furniture market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Wooden Bedroom Furniture Production in Cyprus

In value terms, wooden bedroom furniture production stood at $X in 2018 estimated in export prices. Overall, wooden bedroom furniture production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Cyprus wooden bedroom furniture production peaked at $X in 2008; however, from 2009 to 2018, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Cyprus

In 2018, the exports of wooden furniture of a kind used in the bedroom from Cyprus totaled X units, declining by -X% against the previous year. Overall, wooden bedroom furniture exports continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Over the period under review, wooden bedroom furniture exports reached their maximum at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture exports amounted to $X in 2018. Overall, wooden bedroom furniture exports continue to indicate an abrupt decline. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Cyprus exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China represented the key exporting country with an export of around X units, which finished at X% of total exports. Vietnam (X units) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%), Poland (X%), Germany (X%) and Turkey (X%). Brazil (X units), Italy (X units) and Denmark (X units) took a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture markets from Cyprus were China ($X), Vietnam ($X) and Poland ($X), together comprising X% of total exports. Malaysia, Germany, Turkey, Italy, Brazil, Denmark and Cyprus lagged somewhat behind, together accounting for a further X the main exporting countries, Turkey recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the wooden bedroom furniture export price in Cyprus amounted to $X per unit, surging by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009 when the export price increased by X% year-to-year. Over the period under review, the export prices for wooden furniture of a kind used in the bedroom attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the other leaders experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Cyprus

Wooden bedroom furniture imports into Cyprus stood at X units in 2018, increasing by X% against the previous year. Overall, wooden bedroom furniture imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Cyprus imports peaked at X units in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, wooden bedroom furniture imports amounted to $X in 2018. In general, wooden bedroom furniture imports, however, continue to indicate a significant decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. was the largest importing country with an import of about X units, which recorded X% of total imports. Germany (X units) ranks second in terms of the total imports with a X% share, followed by China, Hong Kong SAR (X%), the UK (X%) and Saudi Arabia (X%). The following importers - the United Arab Emirates (X units), Iraq (X units), Australia (X units), Japan (X units), Switzerland (X units), Canada (X units) and France (X units) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Iraq (+X%), China, Hong Kong SAR (+X%), Saudi Arabia (+X%), the United Arab Emirates (+X%), Australia (+X%), Switzerland (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Canada (-X%), the UK (-X%), Japan (-X%) and France (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), China, Hong Kong SAR (+X p.p.), Iraq (+X p.p.) and Saudi Arabia (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK and France saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported wooden furniture of a kind used in the bedroom into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the wooden bedroom furniture import price in Cyprus amounted to $X per unit, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. Cyprus import price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform