Iceland: Wooden Office Furniture Market 2020

Wooden Office Furniture Market Size in Iceland

The revenue of the wooden office furniture market in Iceland amounted to $X in 2018, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, wooden office furniture consumption continues to indicate an abrupt setback. The most prominent rate of growth was recorded in 2015 when the market value increased by X% against the previous year. Over the period under review, the wooden office furniture market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Wooden Office Furniture Exports

Exports from Iceland

In 2018, approx. X units of wooden furniture of a kind used in offices were exported from Iceland; surging by X% against the previous year. Over the period under review, wooden office furniture exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Iceland exports peaked at X units in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, wooden office furniture exports amounted to $X in 2018. In general, wooden office furniture exports, however, continue to indicate a deep drop. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Iceland exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

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 key exporters of wooden furniture of a kind used in offices, together creating X% of total exports. The following exporters - Vietnam (X units), Italy (X units), the U.S. (X units), Sweden (X units), Turkey (X units) and the Czech Republic (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. 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 ($X) remains the largest wooden office furniture supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Canada ($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 amounted to +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

The wooden office furniture export price in Iceland stood at $X per unit in 2018, coming down by -X% against the previous year. In general, the wooden office furniture export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the export price increased by X% year-to-year. Iceland export price peaked at $X per unit in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Iceland

In 2018, the imports of wooden furniture of a kind used in offices into Iceland amounted to X units, lowering by -X% against the previous year. In general, wooden office furniture imports continue to indicate a drastic contraction. The pace of growth was the most pronounced in 2015 when imports increased by X% year-to-year. Over the period under review, wooden office furniture imports reached their peak figure at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, wooden office furniture imports amounted to $X in 2018. In general, wooden office furniture imports continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Over the period under review, wooden office furniture imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units) was the main importer of wooden furniture of a kind used in offices, constituting X% of total imports. Saudi Arabia (X units) took a X% share (based on tons) of total imports, which put it in second place, followed by Malaysia (X%) and the United Arab Emirates (X%). 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) occupied a minor share of total imports.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. 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. ($X) constitutes the largest market for imported wooden furniture of a kind used in offices into Iceland, comprising X% of global imports. The second position in the ranking was occupied by France ($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. In the other countries, the average annual rates were as follows: France (-X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the wooden office furniture import price in Iceland amounted to $X per unit, jumping by X% against the previous year. In general, the wooden office furniture import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2012 when the import price increased by X% y-o-y. Iceland import price peaked in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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