Australia and Oceania: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Australia and Oceania

In 2022, the metal office furniture market in Australia and Oceania increased by 0.4% to $X, rising for the second year in a row after three years of decline. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Metal Office Furniture Production in Australia and Oceania

In value terms, metal office furniture production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep contraction. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Office Furniture Exports

Exports in Australia and Oceania

In 2022, shipments abroad of metal office furniture increased by 5.8% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 99%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, metal office furniture exports soared to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +134.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 84%. Over the period under review, the exports hit record highs at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

Australia represented the largest exporting country with an export of about X tons, which accounted for 84% of total exports. It was distantly followed by New Zealand (X tons), comprising a 16% share of total exports.

Australia was also the fastest-growing in terms of the metal office furniture exports, with a CAGR of +22.0% from 2012 to 2022. New Zealand (-10.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by +65 percentage points.

In value terms, Australia ($X) remains the largest metal office furniture supplier in Australia and Oceania, comprising 84% of total exports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total exports.

In Australia, metal office furniture exports increased at an average annual rate of +18.8% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by 21% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-2.6%).

Metal Office Furniture Imports

Imports in Australia and Oceania

In 2022, metal office furniture imports in Australia and Oceania fell to X tons, flattening at the year before. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, metal office furniture imports fell modestly to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Australia represented the key importer of metal office furniture in Australia and Oceania, with the volume of imports reaching X tons, which was near 72% of total imports in 2022. It was distantly followed by New Zealand (X tons), comprising a 22% share of total imports. The following importers - Papua New Guinea (X tons) and Fiji (X tons) - each resulted at a 3.4% share of total imports.

Imports into Australia decreased at an average annual rate of -1.6% from 2012 to 2022. At the same time, New Zealand (+4.6%) and Fiji (+2.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.6% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. From 2012 to 2022, the share of New Zealand increased by +8.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported metal office furniture in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 23% share of total imports. It was followed by Papua New Guinea, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +3.8%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+9.0% per year) and Papua New Guinea (-1.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, leveling off at the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal office furniture import price increased by +84.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 40%. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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