Lithuania: Wooden Office Furniture Market 2020

Wooden Office Furniture Market Size in Lithuania

The revenue of the wooden office furniture market in Lithuania amounted to $X in 2018, waning by -X% against the previous year. Overall, wooden office furniture consumption continues to indicate a drastic drop. The pace of growth appeared the most rapid in 2013 when the market value increased by X% y-o-y. Over the period under review, the wooden office furniture market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Wooden Office Furniture Production in Lithuania

In value terms, wooden office furniture production amounted to $X in 2018 estimated in export prices. Overall, wooden office furniture production continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, wooden office furniture production reached its maximum level at $X in 2014; however, from 2015 to 2018, production failed to regain its momentum.

Wooden Office Furniture Exports

Exports from Lithuania

In 2018, approx. X units of wooden furniture of a kind used in offices were exported from Lithuania; jumping by X% against the previous year. In general, wooden office furniture exports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Lithuania exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, wooden office furniture exports amounted to $X in 2018. Overall, wooden office furniture exports continue to indicate skyrocketing growth. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Lithuania exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

In 2018, China (X units), distantly followed by Canada (X units), Poland (X units), Malaysia (X units) and Germany (X units) were the major exporters of wooden furniture of a kind used in offices, together comprising X% of total exports. The following exporters - Vietnam (X units), Italy (X units), the U.S. (X units), Sweden (X units), Turkey (X units), the Czech Republic (X units) and Portugal (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to wooden office furniture exports from China stood at +X%. At the same time, Vietnam (+X%), Portugal (+X%), Poland (+X%), the Czech Republic (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, Malaysia (-X%), the U.S. (-X%), Germany (-X%), Sweden (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Poland, Vietnam and Canada increased by +X%, +X%, +X% and +X% percentage points, while the U.S. (-X p.p.), Sweden (-X p.p.), Germany (-X p.p.) and Italy (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden office furniture supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Canada ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Canada (-X% per year) and Germany (-X% per year).

Export Prices by Country

The wooden office furniture export price in Lithuania stood at $X per unit in 2018, falling by -X% against the previous year. In general, the wooden office furniture export price continues to indicate a noticeable drop. The growth pace was the most rapid in 2014 an increase of X% year-to-year. In that year, the export prices for wooden furniture of a kind used in offices attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the export prices for wooden furniture of a kind used in offices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Lithuania

In 2018, the amount of wooden furniture of a kind used in offices imported into Lithuania stood at X units, lowering by -X% against the previous year. In general, wooden office furniture imports continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Lithuania imports peaked at X units in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, wooden office furniture imports totaled $X in 2018. Over the period under review, wooden office furniture imports continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. In that year, wooden office furniture imports reached their peak of $X. From 2015 to 2018, the growth of wooden office furniture imports remained at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X units) was the main importer of wooden furniture of a kind used in offices, comprising X% of total imports. Saudi Arabia (X units) held the second position in the ranking, followed by Malaysia (X units) and the United Arab Emirates (X units). All these countries together held near X% share of total imports. Germany (X units), France (X units), the UK (X units), South Korea (X units), Canada (X units), Australia (X units), the Netherlands (X units) and Russia (X units) took a little share of total imports.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Malaysia (+X%), Saudi Arabia (+X%), South Korea (+X%), the United Arab Emirates (+X%), Australia (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Canada (-X%), the Netherlands (-X%), France (-X%), the UK (-X%) and Russia (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Saudi Arabia, Malaysia and the United Arab Emirates increased by +X%, +X% and +X% percentage points, while Canada (-X p.p.), the Netherlands (-X p.p.), Russia (-X p.p.), France (-X p.p.), the UK (-X p.p.) and the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported wooden furniture of a kind used in offices into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: France (-X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the wooden office furniture import price in Lithuania amounted to $X per unit, growing by X% against the previous year. In general, the wooden office furniture import price continues to indicate a conspicuous increase. The growth pace was the most rapid in 2012 when the import price increased by X% year-to-year. Over the period under review, the import prices for wooden furniture of a kind used in offices attained their maximum at $X per unit in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform