Southern Asia: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Southern Asia

The South Asian wooden bedroom furniture market expanded rapidly to $X in 2022, picking up by X% against the previous year. The market 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. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Wooden Bedroom Furniture Production in Southern Asia

In value terms, wooden bedroom furniture production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Wooden Bedroom Furniture Exports

Exports in Southern Asia

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were exported in Southern Asia; which is down by X% on 2021. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden bedroom furniture exports contracted to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted slightly in the following year.

Exports by Country

India represented the key exporting country with an export of about X units, which resulted at X% of total exports. Sri Lanka (X units) took the second position in the ranking, distantly followed by Pakistan (X units). All these countries together took approx. X% share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of India (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, the largest wooden bedroom furniture supplying countries in Southern Asia were India ($X), Sri Lanka ($X) and Pakistan ($X), with a combined X% share of total exports.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, almost unchanged from the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Wooden Bedroom Furniture Imports

Imports in Southern Asia

In 2022, purchases abroad of wooden furniture of a kind used in the bedroom increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden bedroom furniture imports stood at $X in 2022. Over the period under review, imports, however, showed a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India represented the major importing country with an import of around X units, which accounted for X% of total imports. It was distantly followed by Maldives (X units), constituting a X% share of total imports. Nepal (X units) held a little share of total imports.

Imports into India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Maldives (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Maldives and Nepal increased by X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported wooden furniture of a kind used in the bedroom in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Maldives ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price recorded noticeable growth. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Nepal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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