Australia and Oceania: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Australia and Oceania

In 2021, the wooden office furniture market in Australia and Oceania increased by 4.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a perceptible contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Wooden Office Furniture Production in Australia and Oceania

In value terms, wooden office furniture production declined to $X in 2021 estimated in export price. In general, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 52%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Wooden Office Furniture Exports

Exports in Australia and Oceania

In 2021, wooden office furniture exports in Australia and Oceania fell notably to X units, dropping by -19.4% against 2020 figures. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 36%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports surged to $X in 2021. In general, exports recorded a drastic downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the main exporting country with an export of around X units, which resulted at 89% of total exports. It was distantly followed by New Zealand (X units), committing an 11% share of total exports.

Australia was also the fastest-growing in terms of the wooden furniture of a kind used in offices exports, with a CAGR of -5.2% from 2012 to 2021. New Zealand (-15.9%) illustrated a downward trend over the same period. While the share of Australia (+16 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-15.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest wooden office furniture supplier in Australia and Oceania, comprising 86% of total exports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -3.2%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, surging by 69% against the previous year. Overall, the export price enjoyed mild growth. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.8%).

Wooden Office Furniture Imports

Imports in Australia and Oceania

After five years of growth, purchases abroad of wooden furniture of a kind used in offices decreased by -2.4% to X units in 2021. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.6% against 2015 indices. The growth pace was the most rapid in 2017 when imports increased by 21%. The volume of import peaked at X units in 2020, and then dropped slightly in the following year.

In value terms, wooden office furniture imports amounted to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 14%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Australia represented the main importer of wooden furniture of a kind used in offices in Australia and Oceania, with the volume of imports amounting to X units, which was approx. 85% of total imports in 2021. It was distantly followed by New Zealand (X units), comprising a 12% share of total imports.

Imports into Australia increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, New Zealand (+5.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +5.4% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported wooden furniture of a kind used in offices in Australia and Oceania, comprising 82% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports.

In Australia, wooden office furniture imports increased at an average annual rate of +1.2% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, rising by 14% against the previous year. In general, the import price, however, recorded a slight reduction. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-0.7%).

Source: IndexBox Platform

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