Luxembourg: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Luxembourg

The Luxembourg wooden office furniture market rose to $X in 2021, with an increase of 3.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a pronounced descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wooden Office Furniture Exports

Exports from Luxembourg

In 2021, overseas shipments of wooden furniture of a kind used in offices decreased by -32.8% to X units, falling for the second year in a row after three years of growth. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 87% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, wooden office furniture exports shrank to $X in 2021. In general, exports saw a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 56% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for wooden office furniture exports from Luxembourg, with a 75% share of total exports. Moreover, wooden office furniture exports to France exceeded the volume sent to the second major destination, Belgium (X units), sevenfold. The third position in this ranking was held by Ireland (X units), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-4.5% per year) and Ireland (0.0% per year).

In value terms, France ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Luxembourg, comprising 71% of total exports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total exports. It was followed by Ireland, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to France stood at -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+1.4% per year) and Ireland (0.0% per year).

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, picking up by 30% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.0% 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 +84.3% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per unit; afterwards, it flattened through to 2021.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Switzerland ($X per unit) and Belgium ($X per unit), while the average price for exports to France ($X per unit) and Germany ($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 Switzerland (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Luxembourg

In 2021, purchases abroad of wooden furniture of a kind used in offices increased by 0.8% to X units, rising for the fourth consecutive year after five years of decline. Over the period under review, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wooden office furniture imports totaled $X in 2021. In general, imports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 14%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of wooden office furniture to Luxembourg, with a 60% share of total imports. Moreover, wooden office furniture imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), fivefold. The third position in this ranking was taken by Austria (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-9.6% per year) and Austria (-0.9% per year).

In value terms, Germany ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Luxembourg, comprising 60% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports. It was followed by Austria, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.5% per year) and Austria (+2.5% per year).

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, almost unchanged from the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2015 an increase of 13%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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