Japan: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Japan

The Japanese wooden bedroom furniture market contracted to $X in 2022, shrinking by X% against the previous year. Overall, consumption continues to indicate a noticeable slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Bedroom Furniture Production in Japan

In value terms, wooden bedroom furniture production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Wooden Bedroom Furniture Exports

Exports from Japan

In 2022, exports of wooden furniture of a kind used in the bedroom from Japan fell notably to X units, waning by X% against 2021. In general, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture exports shrank remarkably to $X in 2022. Overall, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for wooden bedroom furniture exports from Japan, with a X% share of total exports. Moreover, wooden bedroom furniture exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Singapore (X units), threefold. South Korea (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and South Korea (X% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for wooden furniture of a kind used in the bedroom exports from Japan, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and South Korea (X% per year).

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price showed a mild increase. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($X per unit) and Hong Kong SAR ($X per unit), while the average price for exports to Singapore ($X per unit) and South Korea ($X 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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Japan

In 2022, overseas purchases of wooden furniture of a kind used in the bedroom decreased by X% to X units, falling for the second consecutive year after three years of growth. The total import volume 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 pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, wooden bedroom furniture imports rose to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X units), Vietnam (X units) and Malaysia (X units) were the main suppliers of wooden bedroom furniture imports to Japan, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wooden bedroom furniture suppliers to Japan were China ($X), Vietnam ($X) and Malaysia ($X), with a combined X% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($X per unit) and Malaysia ($X per unit), while the price for China ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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