Furniture and Bed Prices Rise Ahead of Wedding and Moving Season

Rising Raw Material Costs and Exchange Rate Pressures Drive Price Hikes
Hästens, Sealy, and ESSA Announce Increases
Simmons Considers First Price Hike in Two Years

Due to rising raw material prices and high exchange rates, major bed and furniture companies have begun raising their prices one after another. Many companies that have not yet increased prices are also considering such moves, suggesting that the financial burden on newlyweds and others preparing for weddings or relocations will likely grow as the busy season approaches.

According to the industry on March 5, Swedish premium bed brand Hästens raised prices across all its products starting March 3. This marks another price increase following two previous hikes in March and October of last year. Sealy Bed also raised mattress and frame prices by about 7% in December 2025.

Simmons is reportedly considering a price increase this year as well. Although Simmons has maintained its prices for over two years since a price hike in January 2024, there is now a growing possibility of adjustment. The price of imported raw materials used mainly in mattresses, such as foam and steel for springs, has been rising rapidly due to exchange rate effects.

An industry representative explained, "Not only wood, but also fabric and MDF prices are rising by more than 10% in turn," adding, "Rather than a sweeping price increase across the board, companies tend to respond by making small adjustments by item."

Sofa brands have also been raising their prices continuously since the second half of last year. Sofa brand ESSA raised prices for sofas, chairs, and other categories by 5 to 10% starting January 27, 2026.

Hanssem’s premium brand Domus also raised prices on 13 items by around 10% at the end of January, citing higher European production costs and increased import expenses. Iloom, a subsidiary of Fursys, increased the average price of beds, dining tables, and other products by about 6% in August last year. Iloom adjusts its prices every one to two years.

According to raw material prices disclosed by Fursys, the price of plywood increased from 229,710 won in 2024 to 241,319 won as of the third quarter of last year. The price of fabrics used for sofa leather and other applications also rose from 6,231 won per yard in 2024 to 6,367 won as of the third quarter of last year.

The burden felt by consumers is becoming noticeably heavier. According to the National Data Office, as of January, the consumer price index for sofas stood at 133.29, and for beds at 127.77. This marks a significant increase compared to the overall average consumer price index (118.03), with the rise especially pronounced for sofas, which use raw materials with high import dependency.

Meanwhile, Ace Bed made an unusual announcement this year that it would freeze bed prices. Ace Bed has maintained bed prices for more than three years since the increase in December 2022. The company explained that this is in line with its policy to curb indiscriminate price hikes and maintain market guidelines.

This content was produced with the assistance of AI translation services.