Eastern Europe: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Eastern Europe

The East European wooden office furniture market reached $X in 2021, almost unchanged from the previous year. Over the period under review, consumption continues to indicate a mild setback. The pace of growth appeared the most rapid in 2018 with an increase of 6.7% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wooden Office Furniture Production in Eastern Europe

In value terms, wooden office furniture production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 12% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Wooden Office Furniture Exports

Exports in Eastern Europe

In 2021, shipments abroad of wooden furniture of a kind used in offices was finally on the rise to reach X units after two years of decline. Over the period under review, exports posted resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 60%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, wooden office furniture exports skyrocketed to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.0% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 22%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Poland represented the main exporting country with an export of around X units, which recorded 50% of total exports. Lithuania (X units) took the second position in the ranking, distantly followed by the Czech Republic (X units) and Slovakia (X units). All these countries together held near 36% share of total exports. Ukraine (X units), Belarus (X units), Latvia (X units) and Romania (X units) followed a long way behind the leaders.

Exports from Poland increased at an average annual rate of +10.9% from 2012 to 2021. At the same time, Latvia (+14.8%), Romania (+12.6%), Ukraine (+11.9%), Lithuania (+11.6%) and the Czech Republic (+10.2%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +14.8% from 2012-2021. By contrast, Slovakia (-4.8%) and Belarus (-11.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, Lithuania and the Czech Republic increased by +13, +6.6 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest wooden office furniture supplier in Eastern Europe, comprising 48% of total exports. The second position in the ranking was held by Lithuania ($X), with a 22% share of total exports. It was followed by the Czech Republic, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value in Poland amounted to +10.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Lithuania (+12.7% per year) and the Czech Republic (+13.1% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, waning by -3.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 30%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+9.6%), while the other leaders experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports in Eastern Europe

In 2021, overseas purchases of wooden furniture of a kind used in offices were finally on the rise to reach X units after two years of decline. Total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 34%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, wooden office furniture imports rose notably to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 23% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X units) and Poland (X units) represented the major importers of wooden furniture of a kind used in offices in Eastern Europe, together resulting at near 55% of total imports. The Czech Republic (X units) ranks next in terms of the total imports with a 15% share, followed by Romania (11%). The following importers - Bulgaria (X units), Ukraine (X units) and Latvia (X units) - together made up 11% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bulgaria (with a CAGR of +20.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined 60% share of total imports. Romania, Bulgaria, Latvia and Ukraine lagged somewhat behind, together comprising a further 19%.

Among the main importing countries, Bulgaria, with a CAGR of +12.5%, 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

The import price in Eastern Europe stood at $X per unit in 2021, which is down by -12.7% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by 9.5%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-4.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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