New Zealand: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in New Zealand

The New Zealand metal office furniture market rose modestly to $X in 2022, growing by 4.5% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Metal Office Furniture Production in New Zealand

In value terms, metal office furniture production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt curtailment. Metal office furniture production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Office Furniture Exports

Exports from New Zealand

In 2022, approx. X tons of metal office furniture were exported from New Zealand; approximately equating the previous year. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 100%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal office furniture exports soared to $X in 2022. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 86%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for metal office furniture exports from New Zealand, with a 57% share of total exports. Moreover, metal office furniture exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Fiji (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.5% per year) and Fiji (-9.0% per year).

In value terms, Australia ($X) remains the key foreign market for metal office furniture exports from New Zealand, comprising 57% of total exports. The second position in the ranking was taken by the United States ($X), with a 20% share of total exports. It was followed by Fiji, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled -16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.4% per year) and Fiji (-3.0% per year).

Export Prices by Country

The average metal office furniture export price stood at $X per ton in 2022, jumping by 20% against the previous year. Overall, the export price, however, recorded a pronounced shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cook Islands ($X per ton) and Australia ($X per ton), while the average price for exports to Canada ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into New Zealand

In 2022, the amount of metal office furniture imported into New Zealand shrank to X tons, reducing by -4.9% on the year before. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, metal office furniture imports shrank modestly to $X in 2022. Overall, imports, however, saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of 90%. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Import Prices by Country

In 2022, the average metal office furniture import price amounted to $X per ton, approximately equating the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal office furniture import price increased by +13.7% against 2020 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 31% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per ton) and Australia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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