Ireland: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Ireland

In 2022, the Irish metal office furniture market increased by 42% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded buoyant growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Metal Office Furniture Production in Ireland

In value terms, metal office furniture production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 141% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Metal Office Furniture Exports

Exports from Ireland

After two years of decline, overseas shipments of metal office furniture increased by 365% to X tons in 2022. In general, exports recorded a strong increase. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, metal office furniture exports soared to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for metal office furniture exports from Ireland, accounting for a 96% share of total exports. It was followed by the United Arab Emirates (X tons), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +19.9%.

In value terms, the UK ($X) emerged as the key foreign market for metal office furniture exports from Ireland, comprising 86% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 0.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +22.2%.

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, declining by -74% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 267%. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the UK totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.6%).

Metal Office Furniture Imports

Imports into Ireland

In 2022, supplies from abroad of metal office furniture decreased by 0% to X tons, falling for the third year in a row after three years of growth. Over the period under review, imports showed prominent growth. The growth pace was the most rapid in 2015 with an increase of 31%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal office furniture imports stood at $X in 2022. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2018 with an increase of 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of metal office furniture to Ireland, accounting for a 42% share of total imports. Moreover, metal office furniture imports from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.5% per year) and the United Arab Emirates (+54.9% per year).

In value terms, the UK ($X) constituted the largest supplier of metal office furniture to Ireland, comprising 47% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.3% per year) and the United Arab Emirates (+61.3% per year).

Import Prices by Country

In 2022, the average metal office furniture import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price showed a notable increase. The pace of growth appeared the most rapid in 2018 an increase of 29% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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