Report Update Nov 1, 2024

Myanmar - Metal Office Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Myanmar

For the fifth consecutive year, the Myanmar's metal office furniture market recorded decline in sales value, which decreased by -5.2% to $X in 2022. Overall, consumption enjoyed buoyant growth. Metal office furniture consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Metal Office Furniture Exports

Exports from Myanmar

After two years of growth, shipments abroad of metal office furniture decreased by -50% to X tons in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,450% against the previous year. As a result, the exports reached the peak of X tons, and then reduced notably in the following year.

In value terms, metal office furniture exports declined remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,798%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Thailand (X tons) was the main destination for metal office furniture exports from Myanmar, accounting for a 74% share of total exports. Moreover, metal office furniture exports to Thailand exceeded the volume sent to the second major destination, Singapore (X kg), threefold.

From 2017 to 2022, the average annual growth rate of volume to Thailand amounted to +184.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+197.1% per year) and Kuwait (+60.5% per year).

In value terms, Thailand ($X) emerged as the key foreign market for metal office furniture exports from Myanmar, comprising 61% of total exports. The second position in the ranking was held by Singapore ($X), with a 28% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of value to Thailand totaled +228.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+314.0% per year) and Kuwait (+46.5% per year).

Export Prices by Country

The average metal office furniture export price stood at $X per ton in 2022, with an increase of 5.4% against the previous year. Overall, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+39.4%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Office Furniture Imports

Imports into Myanmar

In 2022, approx. X tons of metal office furniture were imported into Myanmar; picking up by 19% on 2021. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 203% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, metal office furniture imports contracted to $X in 2022. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 184% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest metal office furniture supplier to Myanmar, with a 89% share of total imports. Moreover, metal office furniture imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +31.8%.

In value terms, China ($X) constituted the largest supplier of metal office furniture to Myanmar, comprising 93% of total imports. The second position in the ranking was taken by Thailand ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +28.7%.

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, waning by -21% against the previous year. Overall, the import price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2018 an increase of 52%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for metal office furniture in the world?

China remains the largest metal office furniture consuming country worldwide, accounting for 24% of total volume. Moreover, metal office furniture consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Egypt ranked third in terms of total consumption with a 7.5% share.

What are the largest producers of metal office furniture in the world?

China constituted the country with the largest volume of metal office furniture production, comprising approx. 34% of total volume. Moreover, metal office furniture production in China exceeded the figures recorded by the second-largest producer, Egypt, fourfold. The third position in this ranking was occupied by Turkey, with a 6.7% share.

What are the leading suppliers of metal office furniture to Myanmar?

In value terms, China constituted the largest supplier of metal office furniture to Myanmar, comprising 79% of total imports. The second position in the ranking was occupied by Thailand, with a 15% share of total imports.

What are the leading importers of metal office furniture from Myanmar?

In value terms, Singapore remains the key foreign market for metal office furniture exports from Myanmar, comprising 65% of total exports. The second position in the ranking was occupied by Kuwait $743), with a 30% share of total exports.

What is the average export price for metal office furniture in Myanmar?

In 2021, the average metal office furniture export price amounted to $11,918 per ton, surging by 73% against the previous year.

What is the average import price for metal office furniture in Myanmar?

In 2021, the average metal office furniture import price amounted to $2,421 per ton, shrinking by -36.5% against the previous year.

This report provides an in-depth analysis of the metal office furniture market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31011100 - Metal furniture for offices

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023