Europe: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Europe

The Europe wooden office furniture market expanded notably to $X in 2021, with an increase of 12% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Wooden Office Furniture Production in Europe

In value terms, wooden office furniture production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period 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 Europe

In 2021, shipments abroad of wooden furniture of a kind used in offices decreased by -1.1% to X units, falling for the second year in a row after five years of growth. Total exports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. 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 most prominent rate of growth was recorded in 2017 with an increase of 35%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wooden office furniture exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 12%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, Poland (X units) and Germany (X units) represented the key exporters of wooden furniture of a kind used in offices in Europe, together generating 35% of total exports. It was distantly followed by Italy (X units), Lithuania (X units), Sweden (X units) and Portugal (X units), together making up a 30% 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 22% of total exports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +19.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of exports in 2021, together comprising 42% of total exports. Lithuania, Sweden, Finland, Spain, Austria, the Czech Republic, the Netherlands, Portugal, Denmark and Slovakia lagged somewhat behind, together comprising a further 44%.

Finland, with a CAGR of +32.2%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 Europe stood at $X per unit in 2021, with an increase of 9% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Europe

In 2021, the amount of wooden furniture of a kind used in offices imported in Europe soared to X units, jumping by 20% on the previous year. In general, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden office furniture imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), the UK (X units), France (X units), Switzerland (X units) and the Netherlands (X units) represented roughly 60% of total imports in 2021. Italy (X units), Belgium (X units), Spain (X units), Russia (X units), Norway (X units), Poland (X units), Sweden (X units) and Austria (X units) held a little share 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 Poland (with a CAGR of +18.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture importing markets in Europe were Germany ($X), France ($X) and the UK ($X), with a combined 42% share of total imports. The Netherlands, Switzerland, Norway, Belgium, Austria, Italy, Russia, Spain, Sweden and Poland lagged somewhat behind, together comprising a further 41%.

In terms of the main importing countries, the Netherlands, with a CAGR of +10.7%, saw 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 Europe stood at $X per unit in 2021, reducing by -8.1% against the previous year. Overall, the import price recorded a deep contraction. The growth pace was the most rapid in 2015 when the import price increased by 4% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the import prices remained at a lower figure.

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 Norway ($X per unit), while the UK ($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