Belgium: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Belgium

In 2021, the Belgian wooden office furniture market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Production in Belgium

In value terms, wooden office furniture production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Exports

Exports from Belgium

For the third consecutive year, Belgium recorded growth in shipments abroad of wooden furniture of a kind used in offices, which increased by 14% to X units in 2021. In general, exports posted a pronounced increase. The growth pace was the most rapid in 2017 when exports increased by 70%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, wooden office furniture exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 71%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for wooden office furniture exports from Belgium, accounting for a 42% share of total exports. Moreover, wooden office furniture exports to Germany exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.3% per year) and the Netherlands (-9.8% per year).

In value terms, Germany ($X) emerged as the key foreign market for wooden furniture of a kind used in offices exports from Belgium, comprising 42% of total exports. The second position in the ranking was taken by France ($X), with a 19% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.4% per year) and the Netherlands (-13.2% per year).

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, increasing by 9.9% against the previous year. In general, the export price, however, recorded a noticeable decline. The growth pace was the most rapid in 2014 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Lithuania ($X per unit) and Italy ($X per unit), while the average price for exports to Germany ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-3.7%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Belgium

Wooden office furniture imports into Belgium surged to X units in 2021, growing by 23% on 2020 figures. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% 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 +95.4% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 25%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, wooden office furniture imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 22%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of wooden office furniture imports to Belgium, with a combined 52% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest wooden office furniture suppliers to Belgium, together accounting for 52% of total imports.

China, with a CAGR of +27.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2021, reducing by -2.6% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the average import price decreased by -2.5% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from China ($X per unit) and the Netherlands ($X per unit), while the price for Slovakia ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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