Australia: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Australia

The Australian metal office furniture market dropped to $X in 2022, shrinking by -2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Office Furniture Exports

Exports from Australia

For the third consecutive year, Australia recorded growth in shipments abroad of metal office furniture, which increased by 7.9% to X tons in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 98% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal office furniture exports skyrocketed to $X in 2022. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 91% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for metal office furniture exports from Australia, accounting for a 54% share of total exports. Moreover, metal office furniture exports to the United States exceeded the volume sent to the second major destination, Qatar (X tons), fivefold. New Zealand (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +77.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+92.1% per year) and New Zealand (+3.6% per year).

In value terms, the United States ($X) emerged as the key foreign market for metal office furniture exports from Australia, comprising 54% of total exports. The second position in the ranking was held by Qatar ($X), with an 11% share of total exports. It was followed by New Zealand, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+67.0% per year) and New Zealand (+2.5% per year).

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, growing by 20% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2016 an increase of 35% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vanuatu ($X per ton) and the United States ($X per ton), while the average price for exports to Qatar ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Australia

In 2022, imports of metal office furniture into Australia contracted slightly to X tons, with a decrease of -2.1% on the previous year's figure. Overall, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 27%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal office furniture imports declined modestly to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +17.6% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 22%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal office furniture to Australia, with a 72% share of total imports. Moreover, metal office furniture imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was taken by India (X tons), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+44.5% per year) and India (+1.3% per year).

In value terms, China ($X) constituted the largest supplier of metal office furniture to Australia, comprising 72% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5.6% share of total imports. It was followed by India, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+52.0% per year) and India (+9.6% per year).

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price showed strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 50%. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($X per ton) and India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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