Iceland: Wooden Bedroom Furniture Market 2020

Wooden Bedroom Furniture Market Size in Iceland

The revenue of the wooden bedroom furniture market in Iceland amounted to $X in 2018, declining by -X% against the previous year. In general, wooden bedroom furniture consumption continues to indicate a deep setback. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Iceland wooden bedroom furniture consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Wooden Bedroom Furniture Production in Iceland

In value terms, wooden bedroom furniture production totaled $X in 2018 estimated in export prices. Over the period under review, wooden bedroom furniture production continues to indicate a drastic decline. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. In that year, wooden bedroom furniture production attained its peak level of $X. From 2013 to 2018, wooden bedroom furniture production growth remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Iceland

Wooden bedroom furniture exports from Iceland totaled X units in 2018, jumping by X% against the previous year. In general, wooden bedroom furniture exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. In that year, wooden bedroom furniture exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, wooden bedroom furniture exports stood at $X in 2018. In general, wooden bedroom furniture exports continue to indicate buoyant growth. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. In that year, wooden bedroom furniture exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

China was the largest exporter of wooden furniture of a kind used in the bedroom in the world, with the volume of exports finishing at X units, which was approx. X% of total exports in 2018. 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) occupied a relatively small 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, China ($X), Vietnam ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Malaysia, Germany, Turkey, Italy, Brazil, Denmark and Iceland, which together accounted for a further X recorded the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the wooden bedroom furniture export price in Iceland amounted to $X per unit, rising by X% against the previous year. In general, the export price indicated a conspicuous increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. 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.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Iceland

In 2018, approx. X units of wooden furniture of a kind used in the bedroom were imported into Iceland; lowering by -X% against the previous year. Over the period under review, wooden bedroom furniture imports continue to indicate a drastic decline. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Iceland imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture imports amounted to $X in 2018. In general, wooden bedroom furniture imports continue to indicate a drastic setback. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, wooden bedroom furniture imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X units) represented the key importer of wooden furniture of a kind used in the bedroom, comprising X% of total imports. It was distantly followed by Germany (X units), China, Hong Kong SAR (X units), the UK (X units) and Saudi Arabia (X units), together constituting a X% share of total imports. 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. While the share of the U.S. (+X p.p.), China, Hong Kong SAR (+X p.p.), Iraq (+X p.p.) and Saudi Arabia (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the UK (-X p.p.) and France (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., wooden bedroom furniture imports increased at an average annual rate of +X% over the period from 2007-2018. 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 Iceland amounted to $X per unit, increasing by X% against the previous year. Overall, the import price indicated a strong expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wooden bedroom furniture import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by X% year-to-year. In that year, the import prices for wooden furniture of a kind used in the bedroom reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; 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.

Source: IndexBox Platform