Benelux: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Benelux

The Benelux wooden office furniture market surged to $X in 2021, increasing by 80% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 Benelux

In value terms, wooden office furniture production soared to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Exports

Exports in Benelux

For the third consecutive year, Benelux recorded growth in shipments abroad of wooden furniture of a kind used in offices, which increased by 8.6% to X units in 2021. Over the period under review, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 148%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, wooden office furniture exports soared to $X in 2021. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 68% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

In 2021, the Netherlands (X units) represented the main exporter of wooden furniture of a kind used in offices, creating 71% of total exports. It was distantly followed by Belgium (X units), constituting a 28% share of total exports.

The Netherlands was also the fastest-growing in terms of the wooden furniture of a kind used in offices exports, with a CAGR of +16.4% from 2012 to 2021. At the same time, Belgium (+3.8%) displayed positive paces of growth. The Netherlands (+25 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -23.2% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest wooden office furniture supplier in Benelux, comprising 72% of total exports. The second position in the ranking was held by Belgium ($X), with a 27% share of total exports.

In the Netherlands, wooden office furniture exports expanded at an average annual rate of +15.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, surging by 12% against the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The growth pace was the most rapid in 2014 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.9%).

Wooden Office Furniture Imports

Imports in Benelux

In 2021, approx. X units of wooden furniture of a kind used in offices were imported in Benelux; surging by 4.6% on the previous year. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 21%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, wooden office furniture imports expanded slightly to $X in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.9% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 16% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

In 2021, the Netherlands (X units) was the key importer of wooden furniture of a kind used in offices, achieving 65% of total imports. It was distantly followed by Belgium (X units), generating a 31% share of total imports. Luxembourg (X units) held a minor share of total imports.

The Netherlands was also the fastest-growing in terms of the wooden furniture of a kind used in offices imports, with a CAGR of +15.6% from 2012 to 2021. At the same time, Belgium (+2.7%) displayed positive paces of growth. By contrast, Luxembourg (-5.5%) illustrated a downward trend over the same period. The Netherlands (+29 p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and Belgium saw its share reduced by -10.6% and -18.5% from 2012 to 2021, respectively.

In value terms, the largest wooden office furniture importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Among the main importing countries, the Netherlands, with a CAGR of +10.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, with a decrease of -2.8% against the previous year. Overall, the import price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2015 when the import price decreased by -1.8% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform