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Singapore - Wooden Furniture Of A Kind Used In The Bedroom - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWooden Bedroom Furniture Price in Singapore - 2022
Contents:
- Wooden Bedroom Furniture Price in Singapore (CIF) - 2022
- Wooden Bedroom Furniture Price in Singapore (FOB) - 2022
- Wooden Bedroom Furniture Imports in Singapore
- Wooden Bedroom Furniture Exports in Singapore
Wooden Bedroom Furniture Price in Singapore (CIF) - 2022
In September 2022, the average wooden bedroom furniture import price amounted to $234 per unit, flattening at the previous month. Overall, the import price, however, showed a strong increase. The growth pace was the most rapid in June 2022 when the average import price increased by 268% m-o-m. As a result, import price attained the peak level of $526 per unit. From July 2022 to September 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Vietnam ($420 per unit), while the price for Indonesia ($112 per unit) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Wooden Bedroom Furniture Price in Singapore (FOB) - 2022
The average wooden bedroom furniture export price stood at $85 per unit in 2022, remaining constant against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. The export price peaked at $95 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($126 per unit), while the average price for exports to Indonesia ($68 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 UK (+3.4%), while the prices for the other major destinations experienced a decline.
Wooden Bedroom Furniture Imports in Singapore
In 2022, wooden bedroom furniture imports into Singapore surged to 331K units, with an increase of 38% on the previous year's figure. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, wooden bedroom furniture imports skyrocketed to $44M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Wooden Bedroom Furniture in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 19.4 | 13.1 | 15.2 | 18.2 | -2.1% |
China | 6.1 | 3.7 | 8.0 | 15.4 | 36.2% |
Italy | 0.9 | 4.3 | 1.5 | 3.4 | 55.7% |
Sweden | 0.1 | 0.1 | 0.2 | 1.5 | 146.6% |
Poland | 1.6 | 0.9 | 1.2 | 1.3 | -6.7% |
Vietnam | 0.5 | 0.3 | 0.8 | 1.1 | 30.1% |
Indonesia | 0.7 | 0.3 | 0.5 | 0.9 | 8.7% |
Others | 2.4 | 1.8 | 3.4 | 1.8 | -9.1% |
Total | 31.8 | 24.5 | 30.7 | 43.6 | 11.1% |
Top Suppliers of Wooden Bedroom Furniture to Singapore in 2022:
- Malaysia (141.7K units)
- China (120.2K units)
- Italy (26.7K units)
- Sweden (11.6K units)
- Indonesia (7.3K units)
- Poland (5.7K units)
- Vietnam (5.2K units)
Wooden Bedroom Furniture Exports in Singapore
In 2022, shipments abroad of wooden furniture of a kind used in the bedroom was finally on the rise to reach 15K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt setback. The exports peaked at 24K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, wooden bedroom furniture exports skyrocketed to $1.3M in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports attained the peak figure at $1.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Wooden Bedroom Furniture in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | N/A | 0.7 | 4.0 | 590 | 2803.2% |
Malaysia | 278 | 201 | 188 | 236 | -5.3% |
Bangladesh | N/A | N/A | 1.1 | 135 | 12172.7% |
Maldives | 24.3 | 1.4 | 27.6 | 130 | 74.9% |
United Arab Emirates | 1.3 | 4.9 | 0.3 | 34.5 | 198.3% |
Indonesia | 394 | 124 | 54.6 | 21.2 | -62.2% |
United States | 300 | 13.3 | 14.7 | 9.9 | -67.9% |
Vietnam | 80.3 | N/A | 0.4 | 9.0 | -51.8% |
Hong Kong SAR | 39.9 | 35.6 | N/A | 8.0 | -41.5% |
Australia | 38.6 | 10.6 | N/A | 2.0 | -62.7% |
Micronesia | 73.6 | 102 | 0.1 | N/A | -96.3% |
India | 59.7 | N/A | 2.1 | N/A | -81.2% |
Oman | 312 | 55.8 | 151 | N/A | -30.4% |
Others | 24.2 | 53.8 | 38.8 | 100 | 60.5% |
Total | 1,626 | 603 | 482 | 1,277 | -7.7% |
Top Export Markets for Wooden Bedroom Furniture from Singapore in 2022:
- Australia (undefinedK units)
- Hong Kong SAR (undefinedK units)
- United Kingdom (7.5K units)
- Malaysia (3.0K units)
- Bangladesh (1.7K units)
- Maldives (1.6K units)
- United Arab Emirates (0.3K units)
- Indonesia (0.3K units)
- United States (0.1K units)
- Vietnam (0.1K units)
This report provides an in-depth analysis of the wooden bedroom furniture market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 31091230 - Wooden bedroom furniture (excluding builders
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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