Norway: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Norway

In 2021, the Norwegian wooden office furniture market increased by 19% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Wooden Office Furniture Production in Norway

In value terms, wooden office furniture production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 54%. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Wooden Office Furniture Exports

Exports from Norway

In 2021, the amount of wooden furniture of a kind used in offices exported from Norway soared to X units, picking up by 62% compared with the previous year. Overall, total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden office furniture exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units) was the main destination for wooden office furniture exports from Norway, accounting for a 76% share of total exports. Moreover, wooden office furniture exports to Sweden exceeded the volume sent to the second major destination, Denmark (X units), sixfold. The third position in this ranking was held by Estonia (X units), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+0.4% per year) and Estonia (+82.4% per year).

In value terms, Sweden ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Norway, comprising 58% of total exports. The second position in the ranking was taken by Estonia ($X), with a 10% share of total exports. It was followed by Denmark, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+96.9% per year) and Denmark (-3.4% per year).

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, waning by -23.4% against the previous year. In general, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 24%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Sweden ($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 Japan (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Norway

In 2021, purchases abroad of wooden furniture of a kind used in offices increased by 5% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 17%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, wooden office furniture imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a pronounced slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X units) constituted the largest wooden office furniture supplier to Norway, with a 52% share of total imports. Moreover, wooden office furniture imports from Sweden exceeded the figures recorded by the second-largest supplier, Lithuania (X units), threefold. Poland (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+10.9% per year) and Poland (+0.8% per year).

In value terms, Sweden ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Norway, comprising 45% of total imports. The second position in the ranking was taken by Lithuania ($X), with an 11% share of total imports. It was followed by Denmark, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden totaled -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+2.4% per year) and Denmark (-8.5% per year).

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2021, surging by 17% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The import price peaked at $X per unit in 2013; however, from 2014 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 Finland ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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