Northern America: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Northern America

The North American metal office furniture market expanded sharply to $X in 2022, rising by 7.5% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -18.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Metal Office Furniture Production in Northern America

In value terms, metal office furniture production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable increase. The pace of growth was the most pronounced in 2020 with an increase of 141% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Metal Office Furniture Exports

Exports in Northern America

In 2022, overseas shipments of metal office furniture were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a mild setback. The most prominent rate of growth was recorded in 2019 when exports increased by 50% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal office furniture exports surged to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 52%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada dominates exports structure, recording X tons, which was approx. 93% of total exports in 2022. It was distantly followed by the United States (X tons), constituting a 6.6% share of total exports.

Canada was also the fastest-growing in terms of the metal office furniture exports, with a CAGR of +5.5% from 2012 to 2022. The United States (-19.5%) illustrated a downward trend over the same period. Canada (+45 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -44.8% from 2012 to 2022, respectively.

In value terms, Canada ($X) remains the largest metal office furniture supplier in Northern America, comprising 75% of total exports. The second position in the ranking was taken by the United States ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Canada totaled +7.3%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, declining by -10.9% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 export price increased by +60.8% against 2014 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 23%. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.9%).

Metal Office Furniture Imports

Imports in Northern America

For the third consecutive year, Northern America recorded decline in supplies from abroad of metal office furniture, which decreased by -5.7% to X tons in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 26% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal office furniture imports soared to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +3.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 29%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The United States was the major importing country with an import of around X tons, which amounted to 68% of total imports. It was distantly followed by Canada (X tons), mixing up a 31% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of metal office furniture. Canada experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported metal office furniture in Northern America, comprising 83% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

In the United States, metal office furniture imports increased at an average annual rate of +8.1% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, picking up by 25% against the previous year. Overall, the import price continues to indicate a strong expansion. The growth pace was the most rapid in 2020 an increase of 43%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%).

Source: IndexBox Platform

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