Ireland: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Ireland

The Irish wooden office furniture market skyrocketed to $X in 2021, jumping by 23% against the previous year. Overall, consumption showed a relatively flat trend pattern. Wooden office furniture consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wooden Office Furniture Production in Ireland

In value terms, wooden office furniture production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 45% against the previous year. Wooden office furniture production peaked in 2021 and is expected to retain growth in the immediate term.

Wooden Office Furniture Exports

Exports from Ireland

Wooden office furniture exports from Ireland declined markedly to X units in 2021, dropping by -89.9% compared with the year before. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 145% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, wooden office furniture exports dropped markedly to $X in 2021. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by 102%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for wooden office furniture exports from Ireland, with a 52% share of total exports. Moreover, wooden office furniture exports to the UK exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to -18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+47.9% per year) and the United States (+13.1% per year).

In value terms, the UK ($X), Poland ($X) and the United Arab Emirates ($X) were the largest markets for wooden office furniture exported from Ireland worldwide, together comprising 81% of total exports.

Poland, with a CAGR of +91.2%, 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, rising by 39% against the previous year. Overall, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden office furniture export price increased by +93.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 39% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to France ($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 Poland (+17.1%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Ireland

In 2021, purchases abroad of wooden furniture of a kind used in offices decreased by -38.7% to X units, falling for the second year in a row after three years of growth. In general, imports, however, saw a perceptible increase. The pace of growth was the most pronounced in 2014 with an increase of 60%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden office furniture imports fell remarkably to $X in 2021. Overall, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -48.9% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by 60%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X units) constituted the largest supplier of wooden office furniture to Ireland, accounting for a 42% share of total imports. Moreover, wooden office furniture imports from the UK exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. Germany (X units) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+11.2% per year) and Germany (+0.9% per year).

In value terms, the UK ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Ireland, comprising 42% of total imports. The second position in the ranking was taken by Poland ($X), with a 14% share of total imports. It was followed by Germany, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+11.4% per year) and Germany (+1.1% per year).

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, approximately reflecting the previous year. In general, the import price showed a slight slump. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the UK ($X per unit) and Poland ($X per unit), while the price for Spain ($X per unit) and Austria ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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