Canada: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Canada

The Canadian metal office furniture market fell rapidly to $X in 2022, shrinking by -27.8% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Metal Office Furniture Production in Canada

In value terms, metal office furniture production fell modestly to $X in 2022 estimated in export price. In general, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 83% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Metal Office Furniture Exports

Exports from Canada

In 2022, overseas shipments of metal office furniture increased by 39% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 94% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal office furniture exports surged to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 97% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for metal office furniture exports from Canada, with a approx. 95% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +6.2%.

In value terms, the United States ($X) also remains the key foreign market for metal office furniture exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +8.1%.

Export Prices by Country

The average metal office furniture export price stood at $X per ton in 2022, declining by -5.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.8% per year.

Metal Office Furniture Imports

Imports into Canada

In 2022, the amount of metal office furniture imported into Canada reduced to X tons, waning by -7.6% against the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, metal office furniture imports expanded slightly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of metal office furniture imports to Canada, with a combined 84% share of total imports. Vietnam, Lithuania and the Czech Republic lagged somewhat behind, together comprising a further 8%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +192.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal office furniture suppliers to Canada were China ($X), the United States ($X) and Taiwan (Chinese) ($X), together accounting for 84% of total imports. Vietnam, Lithuania and the Czech Republic lagged somewhat behind, together comprising a further 8%.

Among the main suppliers, the Czech Republic, with a CAGR of +193.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal office furniture import price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and the United States ($X per ton), while the price for Lithuania ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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