Report Update Nov 1, 2024

Bangladesh - Metal Office Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Bangladesh

In 2022, after two years of growth, there was decline in the Bangladeshi metal office furniture market, when its value decreased by -4% to $X. Over the period under review, consumption continues to indicate notable growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Office Furniture Exports

Exports from Bangladesh

In 2022, metal office furniture exports from Bangladesh contracted significantly to X kg, waning by -40.5% compared with the previous year. Overall, exports saw a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 2,110% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, metal office furniture exports contracted dramatically to $X in 2022. In general, exports showed a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 340%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Andorra (X kg) was the main destination for metal office furniture exports from Bangladesh, with a 65% share of total exports. Moreover, metal office furniture exports to Andorra exceeded the volume sent to the second major destination, the Netherlands (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Andorra was relatively modest.

In value terms, Andorra ($X) emerged as the key foreign market for metal office furniture exports from Bangladesh, comprising 77% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Andorra was relatively modest.

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, increasing by 3.2% against the previous year. Overall, the export price continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 282% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Andorra ($X per ton), while the average price for exports to the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.5%).

Metal Office Furniture Imports

Imports into Bangladesh

In 2022, overseas purchases of metal office furniture increased by 2.3% to X tons, rising for the third year in a row after three years of decline. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 102%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, metal office furniture imports contracted to $X in 2022. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 127% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal office furniture supplier to Bangladesh, with a 46% share of total imports. Moreover, metal office furniture imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+78.7% per year) and India (+7.2% per year).

In value terms, China ($X) constituted the largest supplier of metal office furniture to Bangladesh, comprising 49% of total imports. The second position in the ranking was taken by India ($X), with a 14% share of total imports. It was followed by Singapore, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.7% per year) and Singapore (+21.8% per year).

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, reducing by -10.6% against the previous year. In general, the import price, however, posted a strong increase. The growth pace was the most rapid in 2018 when the average import price increased by 111%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for metal office furniture in the world?

China constituted the country with the largest volume of metal office furniture consumption, comprising approx. 24% of total volume. Moreover, metal office furniture consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Egypt, with a 7.5% share.

What are the largest producers of metal office furniture in the world?

China remains the largest metal office furniture producing country worldwide, accounting for 34% of total volume. Moreover, metal office furniture production in China exceeded the figures recorded by the second-largest producer, Egypt, fourfold. The third position in this ranking was occupied by Turkey, with a 6.7% share.

What are the leading suppliers of metal office furniture to Bangladesh?

In value terms, the largest metal office furniture suppliers to Bangladesh were India, Japan and Canada, with a combined 66% share of total imports. Germany, the UK, Malaysia and the Netherlands lagged somewhat behind, together accounting for a further 33%.

What is the average export price for metal office furniture in Bangladesh?

In 2021, the average metal office furniture export price amounted to $5,053 per ton, reducing by -75.1% against the previous year.

What is the average import price for metal office furniture in Bangladesh?

The average metal office furniture import price stood at $6,317 per ton in 2021, surging by 74% against the previous year.

This report provides an in-depth analysis of the metal office furniture market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31011100 - Metal furniture for offices

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023