Belgium: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Belgium

The Belgian metal office furniture market skyrocketed to $X in 2022, with an increase of 25% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Office Furniture Production in Belgium

In value terms, metal office furniture production expanded significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +70.4% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 33%. Over the period under review, production reached the peak level in 2022 and is likely to continue growth in the near future.

Metal Office Furniture Exports

Exports from Belgium

In 2022, after five years of growth, there was significant decline in shipments abroad of metal office furniture, when their volume decreased by -62.7% to X tons. Over the period under review, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 321% against the previous year. The exports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, metal office furniture exports shrank sharply to $X in 2022. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 122% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell remarkably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for metal office furniture exports from Belgium, accounting for a 59% share of total exports. Moreover, metal office furniture exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-8.2% per year) and Germany (-13.4% per year).

In value terms, the Netherlands ($X) remains the key foreign market for metal office furniture exports from Belgium, comprising 57% of total exports. The second position in the ranking was held by France ($X), with a 21% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-9.4% per year) and Germany (-13.1% per year).

Export Prices by Country

The average metal office furniture export price stood at $X per ton in 2022, declining by -1.8% against the previous year. Over the period under review, the export price saw a slight contraction. The pace of growth appeared the most rapid in 2015 an increase of 126% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Germany ($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 Germany (+0.3%), while the prices for the other major destinations experienced a decline.

Metal Office Furniture Imports

Imports into Belgium

In 2022, the amount of metal office furniture imported into Belgium declined significantly to X tons, falling by -66.1% compared with 2021. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 177% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, metal office furniture imports dropped remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped notably in the following year.

Imports by Country

Turkey (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of metal office furniture imports to Belgium, with a combined 62% share of total imports. France, Bulgaria, Germany and Italy lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +207.0%), while purchases for the other leaders experienced a decline.

In value terms, the Netherlands ($X) constituted the largest supplier of metal office furniture to Belgium, comprising 29% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.2% per year) and Germany (-11.7% per year).

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, rising by 33% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal office furniture import price increased by +79.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 35%. The import price peaked at $X per ton in 2017; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :