EU: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in the EU

The EU wooden office furniture market expanded markedly to $X in 2021, growing by 15% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.4% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Wooden Office Furniture Production in the EU

In value terms, wooden office furniture production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Exports

Exports in the EU

In 2021, shipments abroad of wooden furniture of a kind used in offices decreased by -1.4% to X units, falling for the second consecutive year after five years of growth. Total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.5% 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 -18.1% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports stood at $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 13%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

Poland (X units) and Germany (X units) were the major exporters of wooden furniture of a kind used in offices in 2021, resulting at near 20% and 17% of total exports, respectively. Italy (X units) held the next position in the ranking, followed by Lithuania (X units), Sweden (X units) and Portugal (X units). All these countries together held near 32% share of total exports. The following exporters - the Netherlands (X units), Denmark (X units), Spain (X units), Austria (X units), the Czech Republic (X units), Slovakia (X units) and Finland (X units) - together made up 23% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of +19.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture supplying countries in the European Union were Poland ($X), Germany ($X) and Italy ($X), together accounting for 45% of total exports. These countries were followed by Lithuania, Sweden, Finland, Spain, Austria, the Czech Republic, the Netherlands, Portugal, Denmark and Slovakia, which together accounted for a further 47%.

In terms of the main exporting countries, Finland, with a CAGR of +32.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, with an increase of 9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced 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 remained at a lower figure.

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 Finland ($X per unit), while Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+10.4%), while the other leaders experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports in the EU

For the sixth consecutive year, the European Union recorded growth in overseas purchases of wooden furniture of a kind used in offices, which increased by 17% to X units in 2021. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, wooden office furniture imports stood at $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 13% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X units), distantly followed by France (X units), the Netherlands (X units), Italy (X units), Belgium (X units) and Spain (X units) were the key importers of wooden furniture of a kind used in offices, together comprising 71% of total imports. The following importers - Poland (X units), Sweden (X units), Austria (X units), the Czech Republic (X units), Denmark (X units), Romania (X units) and Ireland (X units) - together made up 21% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, together accounting for 54% of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of +10.7%, 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 import price in the European Union amounted to $X per unit, dropping by -5.7% against the previous year. In general, the import price recorded a pronounced reduction. The growth pace was the most rapid in 2015 when the import price increased by 3.7% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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