Estonia: Wooden Office Furniture Market 2020

Wooden Office Furniture Market Size in Estonia

The revenue of the wooden office furniture market in Estonia amounted to $X in 2018, rising by X% against the previous year. Overall, wooden office furniture consumption continues to indicate a drastic contraction. The pace of growth was the most pronounced in 2018 when the market value increased by X% y-o-y. Over the period under review, the wooden office furniture market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Wooden Office Furniture Production in Estonia

In value terms, wooden office furniture production totaled $X in 2018 estimated in export prices. Over the period under review, wooden office furniture production continues to indicate a moderate contraction. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, wooden office furniture production reached its maximum level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Wooden Office Furniture Exports

Exports from Estonia

In 2018, approx. X units of wooden furniture of a kind used in offices were exported from Estonia; lowering by -X% against the previous year. Overall, wooden office furniture exports continue to indicate a drastic shrinkage. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. In that year, wooden office furniture exports reached their peak of X units. From 2009 to 2018, the growth of wooden office furniture exports remained at a somewhat lower figure.

In value terms, wooden office furniture exports stood at $X in 2018. In general, the total exports indicated a buoyant increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wooden office furniture exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Estonia exports peaked at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X units), distantly followed by Canada (X units), Poland (X units), Malaysia (X units), Germany (X units) and Lithuania (X units) represented the largest exporters of wooden furniture of a kind used in offices, together achieving X% of total exports. Vietnam (X units), Italy (X units), the U.S. (X units), Sweden (X units), Turkey (X units) and the Czech Republic (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to wooden office furniture exports from China stood at +X%. At the same time, Lithuania (+X%), Vietnam (+X%), Poland (+X%), the Czech Republic (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, Malaysia (-X%), the U.S. (-X%), Germany (-X%), Sweden (-X%) and Italy (-X%) illustrated a downward trend over the same period. Lithuania (+X p.p.), China (+X p.p.), Poland (+X p.p.), Vietnam (+X p.p.) and Canada (+X p.p.) significantly strengthened its position in terms of the global exports, while the U.S., Sweden, Germany and Italy saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden office furniture supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Canada ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Canada (-X% per year) and Germany (-X% per year).

Export Prices by Country

In 2018, the wooden office furniture export price in Estonia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the wooden office furniture export price continues to indicate remarkable growth. The pace of growth was the most pronounced in 2018 when the export price increased by X% y-o-y. In that year, the export prices for wooden furniture of a kind used in offices attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Estonia

Wooden office furniture imports into Estonia stood at X units in 2018, increasing by X% against the previous year. In general, wooden office furniture imports, however, continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Estonia imports peaked at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, wooden office furniture imports amounted to $X in 2018. Overall, wooden office furniture imports, however, continue to indicate a moderate slump. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Estonia imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units) represented the main importer of wooden furniture of a kind used in offices, achieving X% of total imports. Saudi Arabia (X units) held the second position in the ranking, followed by Malaysia (X units) and the United Arab Emirates (X units). All these countries together occupied near X% share of total imports. The following importers - Germany (X units), France (X units), the UK (X units), South Korea (X units), Canada (X units), Australia (X units), the Netherlands (X units) and Russia (X units) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to wooden office furniture imports into the U.S. stood at -X%. At the same time, Malaysia (+X%), Saudi Arabia (+X%), South Korea (+X%), the United Arab Emirates (+X%), Australia (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Canada (-X%), the Netherlands (-X%), France (-X%), the UK (-X%) and Russia (-X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+X p.p.), Malaysia (+X p.p.) and the United Arab Emirates (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Canada (-X p.p.), the Netherlands (-X p.p.), Russia (-X p.p.), France (-X p.p.), the UK (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported wooden furniture of a kind used in offices into Estonia, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., wooden office furniture imports remained relatively stable over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: France (-X% per year) and Germany (+X% per year).

Import Prices by Country

The wooden office furniture import price in Estonia stood at $X per unit in 2018, growing by X% against the previous year. Over the period under review, the wooden office furniture import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. Estonia import price peaked at $X per unit in 2016; however, from 2017 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform