Japan: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Japan

For the third consecutive year, the Japanese wooden office furniture market recorded growth in sales value, which increased by 50% to $X in 2021. Overall, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +95.0% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Exports

Exports from Japan

Wooden office furniture exports from Japan reduced rapidly to X units in 2021, shrinking by -54.9% against the year before. In general, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 106% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports shrank remarkably to $X in 2021. Over the period under review, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 74% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Hong Kong SAR (X units) and Thailand (X units) were the main destinations of wooden office furniture exports from Japan, with a combined 71% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of -4.3%), while the other leaders experienced a decline.

In value terms, the United States ($X), Hong Kong SAR ($X) and Thailand ($X) constituted the largest markets for wooden office furniture exported from Japan worldwide, with a combined 68% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +9.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, with an increase of 68% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 240% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Iran ($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 the Netherlands (+38.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Japan

In 2021, wooden office furniture imports into Japan surged to X units, picking up by 59% compared with the previous year. Over the period under review, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wooden office furniture imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest wooden office furniture supplier to Japan, accounting for a 72% share of total imports. Moreover, wooden office furniture imports from China exceeded the figures recorded by the second-largest supplier, France (X units), ninefold. Poland (X units) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+124.2% per year) and Poland (-4.9% per year).

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Japan, comprising 72% of total imports. The second position in the ranking was held by France ($X), with a 7.7% share of total imports. It was followed by Poland, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+60.7% per year) and Poland (-10.1% per year).

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, falling by -10.7% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2015 an increase of 45%. 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 highest price was recorded for prices from Portugal ($X per unit) and Italy ($X per unit), while the price for France ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :