Belarus: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Belarus

The Belarusian metal office furniture market stood at $X in 2022, with an increase of 4.6% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Metal Office Furniture Production in Belarus

In value terms, metal office furniture production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.6% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 36%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Metal Office Furniture Exports

Exports from Belarus

In 2022, the amount of metal office furniture exported from Belarus expanded to X tons, increasing by 2.3% on 2021 figures. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2020 when exports increased by 178% 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.

In value terms, metal office furniture exports reduced modestly to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 250%. The exports peaked at $X in 2021, and then declined modestly in the following year.

Exports by Country

Ukraine (X tons) was the main destination for metal office furniture exports from Belarus, accounting for a 55% share of total exports. Moreover, metal office furniture exports to Ukraine exceeded the volume sent to the second major destination, Russia (X tons), twofold. Estonia (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine amounted to +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+3.3% per year) and Estonia (+133.9% per year).

In value terms, Ukraine ($X) remains the key foreign market for metal office furniture exports from Belarus, comprising 78% of total exports. The second position in the ranking was held by Russia ($X), with a 12% share of total exports. It was followed by Estonia, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine amounted to +74.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+0.1% per year) and Estonia (+143.1% per year).

Export Prices by Country

The average metal office furniture export price stood at $X per ton in 2022, declining by -3% against the previous year. Overall, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2021 an increase of 106% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Belarus

In 2022, approx. X tons of metal office furniture were imported into Belarus; waning by -17.4% against the year before. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.8% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 32%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, metal office furniture imports declined markedly to $X in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 63% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest metal office furniture supplier to Belarus, with a 84% share of total imports. Moreover, metal office furniture imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.0% per year) and Ukraine (-10.3% per year).

In value terms, Russia ($X) constituted the largest supplier of metal office furniture to Belarus, comprising 70% of total imports. The second position in the ranking was taken by China ($X), with a 6.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.0% per year) and Ukraine (-15.8% per year).

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, waning by -4.2% against the previous year. Overall, the import price showed a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 48%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.9%).

Source: IndexBox Platform

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