Argentina: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Argentina

The Argentinian wooden office furniture market rose rapidly to $X in 2021, with an increase of 11% against the previous year. Over the period under review, consumption, however, recorded a slight descent. Wooden office furniture consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Wooden Office Furniture Production in Argentina

In value terms, wooden office furniture production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2014 with an increase of 15% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Wooden Office Furniture Exports

Exports from Argentina

In 2021, approx. X units of wooden furniture of a kind used in offices were exported from Argentina; declining by -56% compared with the previous year's figure. Over the period under review, exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2019 when exports increased by 54%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wooden office furniture exports plummeted to $X in 2021. Overall, exports saw a precipitous decrease. The pace of growth was the most pronounced in 2019 with an increase of 22%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for wooden office furniture exports from Argentina, accounting for a 71% share of total exports. Moreover, wooden office furniture exports to Chile exceeded the volume sent to the second major destination, the United States (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.5% per year) and Uruguay (-27.2% per year).

In value terms, Chile ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Argentina, comprising 71% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Chile amounted to -21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-24.8% per year) and the United States (-22.8% per year).

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, reducing by -11.1% against the previous year. Over the period under review, the export price saw a abrupt descent. The growth pace was the most rapid in 2013 an increase of 22%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+55.8%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Office Furniture Imports

Imports into Argentina

In 2021, approx. X units of wooden furniture of a kind used in offices were imported into Argentina; waning by -6.1% compared with the previous year. Overall, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 111% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, wooden office furniture imports reduced rapidly to $X in 2021. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 137%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X units) constituted the largest supplier of wooden office furniture to Argentina, accounting for a 68% share of total imports. Moreover, wooden office furniture imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Spain (X units), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil stood at -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.4% per year) and Spain (+73.3% per year).

In value terms, Brazil ($X), China ($X) and Spain ($X) appeared to be the largest wooden office furniture suppliers to Argentina, together comprising 74% of total imports.

Among the main suppliers, Spain, with a CAGR of +69.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2021, dropping by -31.4% against the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when the average import price increased by 139%. As a result, import price attained the peak level of $X per unit, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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