Italy: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Italy

The Italian wooden office furniture market shrank to $X in 2021, which is down by -6.2% against the previous year. Over the period under review, consumption, however, saw a moderate expansion. 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 Italy

In value terms, wooden office furniture production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Exports

Exports from Italy

In 2021, shipments abroad of wooden furniture of a kind used in offices decreased by -24.3% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 29%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, wooden office furniture exports contracted to $X in 2021. In general, exports showed a pronounced decrease. The growth pace was the most rapid in 2013 with an increase of 13%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for wooden office furniture exports from Italy, with a 22% share of total exports. Moreover, wooden office furniture exports to France exceeded the volume sent to the second major destination, the United States (X units), threefold. Saudi Arabia (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.8% per year) and Saudi Arabia (-3.6% per year).

In value terms, France ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Italy, comprising 22% of total exports. The second position in the ranking was held by the United States ($X), with a 7.1% share of total exports. It was followed by Saudi Arabia, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.6% per year) and Saudi Arabia (-0.9% per year).

Export Prices by Country

In 2021, the average wooden office furniture export price amounted to $X per unit, growing by 31% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. 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 +72.4% against 2019 indices. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per unit) and Norway ($X per unit), while the average price for exports to France ($X per unit) and Qatar ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Italy

In 2021, wooden office furniture imports into Italy surged to X units, with an increase of 16% compared with 2020. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 68%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, wooden office furniture imports rose sharply to $X in 2021. Overall, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.9% against 2013 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 12% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), Poland (X units) and Spain (X units) were the main suppliers of wooden office furniture imports to Italy, with a combined 60% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +38.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Spain ($X) appeared to be the largest wooden office furniture suppliers to Italy, with a combined 60% share of total imports.

Spain, with a CAGR of +29.4%, 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 more modest paces of growth.

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2021, reducing by -6.8% against the previous year. Overall, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2015 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Poland ($X per unit) and China ($X per unit), while the price for Slovakia ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (-6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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