Denmark: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Denmark

The Danish wooden office furniture market soared to $X in 2021, jumping by 143% against the previous year. Over the period under review, consumption recorded prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Production in Denmark

In value terms, wooden office furniture production skyrocketed to $X in 2021 estimated in export price. Overall, production showed buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Exports

Exports from Denmark

In 2021, the amount of wooden furniture of a kind used in offices exported from Denmark declined to X units, falling by -7.1% compared with 2020. Overall, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 56%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports totaled $X in 2021. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

France (X units), Norway (X units) and Germany (X units) were the main destinations of wooden office furniture exports from Denmark, with a combined 46% share of total exports. These countries were followed by the United States, the UK, Sweden, Switzerland, the Netherlands, Poland, Chile, Ireland, Greenland and Spain, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +28.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Norway ($X) and Germany ($X) appeared to be the largest markets for wooden office furniture exported from Denmark worldwide, with a combined 46% share of total exports. These countries were followed by the United States, the UK, Sweden, Switzerland, the Netherlands, Poland, Chile, Ireland, Greenland and Spain, which together accounted for a further 36%.

Ireland, with a CAGR of +24.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wooden office furniture export price amounted to $X per unit, picking up by 13% against the previous year. Overall, the export price, however, saw a perceptible reduction. The growth pace was the most rapid in 2014 an increase of 30%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Poland ($X per unit) and Spain ($X per unit), while the average price for exports to Greenland ($X per unit) and Ireland ($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 Spain (-3.1%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Denmark

In 2021, purchases abroad of wooden furniture of a kind used in offices increased by 24% to X units, rising for the fifth year in a row after two years of decline. Overall, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% 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 +69.0% against 2016 indices. 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. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 16%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X units) constituted the largest wooden office furniture supplier to Denmark, accounting for a 36% share of total imports. Moreover, wooden office furniture imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Poland (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.3% per year) and Poland (+1.3% per year).

In value terms, Sweden ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Denmark, comprising 38% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Poland, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.5% per year) and Poland (-0.3% per year).

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, which is down by -7% against the previous year. Over the period under review, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by 13%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per unit), while the price for Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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