Iran: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Iran

The Iranian wooden office furniture market reached $X in 2021, picking up by 9.2% against the previous year. Over the period under review, consumption, however, showed a perceptible descent. Wooden office furniture consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wooden Office Furniture Production in Iran

In value terms, wooden office furniture production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2015 with an increase of 17% against the previous year. Wooden office furniture production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wooden Office Furniture Exports

Exports from Iran

In 2021, shipments abroad of wooden furniture of a kind used in offices was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a resilient expansion. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports surged to $X in 2021. In general, exports continue to indicate prominent growth. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Georgia (X units) was the main destination for wooden office furniture exports from Iran, with a 70% share of total exports. Moreover, wooden office furniture exports to Georgia exceeded the volume sent to the second major destination, Turkey (X units), sixfold. Qatar (X units) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Georgia stood at +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+94.1% per year) and Qatar (+63.3% per year).

In value terms, Turkey ($X), Georgia ($X) and Kuwait ($X) constituted the largest markets for wooden office furniture exported from Iran worldwide, together accounting for 70% of total exports.

Turkey, with a CAGR of +98.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, declining by -2% against the previous year. Overall, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of 41% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Iran

In 2021, supplies from abroad of wooden furniture of a kind used in offices decreased by -63.9% to X units, falling for the third year in a row after three years of growth. Overall, imports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2017 with an increase of 102% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, wooden office furniture imports plummeted to $X in 2021. Over the period under review, imports recorded a precipitous slump. The growth pace was the most rapid in 2016 when imports increased by 105%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X units), China (X units) and Turkey (X units) were the main suppliers of wooden office furniture imports to Iran, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of -1.9%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Indonesia ($X) and Turkey ($X) were the largest wooden office furniture suppliers to Iran, with a combined 69% share of total imports.

Indonesia, with a CAGR of -8.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2021, picking up by 40% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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