Hungary: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Hungary

In 2022, after two years of growth, there was significant decline in the Hungarian wooden bedroom furniture market, when its value decreased by X% to $X. Overall, consumption, however, enjoyed a prominent expansion. Wooden bedroom furniture consumption peaked at $X in 2021, and then declined in the following year.

Wooden Bedroom Furniture Production in Hungary

In value terms, wooden bedroom furniture production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

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Wooden Bedroom Furniture Exports

Exports from Hungary

In 2022, after two years of decline, there was growth in shipments abroad of wooden furniture of a kind used in the bedroom, when their volume increased by X% to X units. Over the period under review, exports recorded a tangible expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports reduced to $X in 2022. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Germany (X units) was the main destination for wooden bedroom furniture exports from Hungary, accounting for a X% share of total exports. Moreover, wooden bedroom furniture exports to Germany exceeded the volume sent to the second major destination, Austria (X units), threefold. The third position in this ranking was taken by Belgium (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Belgium (X% per year).

In value terms, Germany ($X), Austria ($X) and the United States ($X) appeared to be the largest markets for wooden bedroom furniture exported from Hungary worldwide, together accounting for X% of total exports.

The United States, 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, reducing by X% against the previous year. In general, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Croatia ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Hungary

Wooden bedroom furniture imports into Hungary amounted to X units in 2022, rising by X% compared with the previous year. Over the period under review, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, wooden bedroom furniture imports stood at $X in 2022. In general, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Poland (X units) constituted the largest wooden bedroom furniture supplier to Hungary, accounting for a X% share of total imports. Moreover, wooden bedroom furniture imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Romania (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Romania (X% per year).

In value terms, Poland ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to Hungary, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. 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 Austria ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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