Canada: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Canada

The Canadian wooden office furniture market soared to $X in 2021, picking up by 47% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Production in Canada

In value terms, wooden office furniture production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild slump. The growth pace was the most rapid in 2014 with an increase of 15% against the previous year. Wooden office furniture production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Wooden Office Furniture Exports

Exports from Canada

In 2021, wooden office furniture exports from Canada declined rapidly to X units, reducing by -18.6% against 2020. Over the period under review, total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -33.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wooden office furniture exports amounted to $X in 2021. In general, exports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 9.6%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for wooden office furniture exports from Canada, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +2.1%.

In value terms, the United States ($X) also remains the key foreign market for wooden furniture of a kind used in offices exports from Canada.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, increasing by 34% against the previous year. In general, the export price, however, continues to indicate a perceptible setback. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -2.7% per year.

Wooden Office Furniture Imports

Imports into Canada

For the sixth consecutive year, Canada recorded growth in overseas purchases of wooden furniture of a kind used in offices, which increased by 38% to X units in 2021. Overall, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden office furniture imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Lithuania (X units) were the main suppliers of wooden office furniture imports to Canada, with a combined 66% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +34.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture suppliers to Canada were China ($X), the United States ($X) and Lithuania ($X), together accounting for 66% of total imports.

Among the main suppliers, Lithuania, with a CAGR of +22.1%, recorded the highest rates of growth with regard to 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 2021, the average wooden office furniture import price amounted to $X per unit, shrinking by -11.8% against the previous year. Over the period under review, the import price saw a deep contraction. The growth pace was the most rapid in 2016 when the average import price decreased by -7.1% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a 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 Vietnam ($X per unit) and Mexico ($X per unit), while the price for Malaysia ($X per unit) and Lithuania ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (-9.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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