Benelux: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Benelux

The Benelux metal office furniture market declined remarkably to $X in 2022, with a decrease of -21.9% against the previous year. Over the period under review, consumption saw a noticeable contraction. 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 Benelux

In value terms, metal office furniture production declined sharply to $X in 2022 estimated in export price. The total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +59.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 89% against the previous year. As a result, production reached the peak level of $X, and then dropped dramatically in the following year.

Metal Office Furniture Exports

Exports in Benelux

In 2022, overseas shipments of metal office furniture decreased by -34.3% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 58% against the previous year. The volume of export peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, metal office furniture exports plummeted to $X in 2022. In general, exports, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 33%. The level of export peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

The Netherlands was the main exporting country with an export of around X tons, which amounted to 70% of total exports. It was distantly followed by Belgium (X tons), making up a 29% share of total exports.

The Netherlands was also the fastest-growing in terms of the metal office furniture exports, with a CAGR of +10.8% from 2012 to 2022. Belgium (-4.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +35 percentage points.

In value terms, the Netherlands ($X) remains the largest metal office furniture supplier in Benelux, comprising 78% of total exports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total exports.

In the Netherlands, metal office furniture exports expanded at an average annual rate of +9.4% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, rising by 19% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 30%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.3%).

Metal Office Furniture Imports

Imports in Benelux

In 2022, supplies from abroad of metal office furniture decreased by -53% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of 70%. The volume of import peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, metal office furniture imports declined rapidly to $X in 2022. In general, imports recorded a slight decline. The pace of growth appeared the most rapid in 2018 when imports increased by 43% against the previous year. The level of import peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

The Netherlands was the main importing country with an import of around X tons, which reached 67% of total imports. It was distantly followed by Belgium (X tons), creating a 30% share of total imports. Luxembourg (X tons) took a relatively small share of total imports.

The Netherlands was also the fastest-growing in terms of the metal office furniture imports, with a CAGR of +1.7% from 2012 to 2022. Luxembourg (-1.8%) and Belgium (-7.3%) illustrated a downward trend over the same period. The Netherlands (+21 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -21.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported metal office furniture in Benelux, comprising 66% of total imports. The second position in the ranking was taken by Belgium ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +2.8%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-6.1% per year) and Luxembourg (-1.9% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, increasing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform