New Zealand: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in New Zealand

In 2021, the New Zealand wooden office furniture market increased by 1.1% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption, however, recorded a abrupt downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Wooden Office Furniture Production in New Zealand

In value terms, wooden office furniture production dropped to $X in 2021 estimated in export price. In general, production recorded a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 52%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Wooden Office Furniture Exports

Exports from New Zealand

In 2021, shipments abroad of wooden furniture of a kind used in offices was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 73%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wooden office furniture exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X units), Samoa (X units) and Pakistan (X units) were the main destinations of wooden office furniture exports from New Zealand, with a combined 61% share of total exports. These countries were followed by Cook Islands, Tonga, Vietnam, Niue, Papua New Guinea and Fiji, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +100.6%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from New Zealand, comprising 37% of total exports. The second position in the ranking was held by Samoa ($X), with an 18% share of total exports. It was followed by Pakistan, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to Australia totaled -19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+3.9% per year) and Pakistan (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 25% against the previous year. Overall, the export price recorded a perceptible increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Tonga ($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 Australia (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Office Furniture Imports

Imports into New Zealand

In 2021, the amount of wooden furniture of a kind used in offices imported into New Zealand soared to X units, increasing by 21% against the previous year's figure. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.4% against 2013 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain 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 +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest wooden office furniture supplier to New Zealand, accounting for a 81% share of total imports. Moreover, wooden office furniture imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), tenfold. Finland (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.2% per year) and Finland (+84.6% per year).

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in offices to New Zealand, comprising 79% of total imports. The second position in the ranking was held by Malaysia ($X), with a 7.5% share of total imports. It was followed by Finland, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.7% per year) and Finland (+83.7% per year).

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, picking up by 17% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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