Australia: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Australia

The Australian wooden office furniture market rose rapidly to $X in 2021, increasing by 6.1% 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 +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wooden office furniture consumption peaked in 2021 and is expected to retain growth in years to come.

Wooden Office Furniture Exports

Exports from Australia

In 2021, the amount of wooden furniture of a kind used in offices exported from Australia reduced markedly to X units, shrinking by -23.9% on 2020. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 41%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, wooden office furniture exports skyrocketed to $X in 2021. In general, exports saw a perceptible contraction. The growth pace was the most rapid in 2014 when exports increased by 54% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X units), New Zealand (X units) and Hong Kong SAR (X units) were the main destinations of wooden office furniture exports from Australia, with a combined 53% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +53,421.4%), while the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), New Zealand ($X) and Hong Kong SAR ($X) constituted the largest markets for wooden office furniture exported from Australia worldwide, with a combined 54% share of total exports.

In terms of the main countries of destination, Kuwait, with a CAGR of +93,830.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, jumping by 71% against the previous year. Over the period under review, the export price showed pronounced growth. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a 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 the United States ($X per unit), while the average price for exports to Oman ($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 Kuwait (+73.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Australia

After five years of growth, overseas purchases of wooden furniture of a kind used in offices decreased by -4.8% to X units in 2021. Overall, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% 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 +74.3% against 2015 indices. The pace of growth was the most pronounced in 2017 when imports increased by 24% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020, and then contracted 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 +1.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of 18% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of wooden office furniture to Australia, with a 93% share of total imports. It was followed by Malaysia (X units), with a 3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.3%.

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Australia, comprising 87% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 2.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.4%.

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2021, surging by 14% against the previous year. In general, the import price, however, continues to indicate a slight descent. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Malaysia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.8%).

Source: IndexBox Platform

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