Pakistan: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Pakistan

The Pakistani metal office furniture market expanded remarkably to $X in 2022, growing by 6.8% against the previous year. In general, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 -5.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Metal Office Furniture Production in Pakistan

In value terms, metal office furniture production expanded remarkably to $X in 2022 estimated in export price. Overall, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 39%. Metal office furniture production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Metal Office Furniture Exports

Exports from Pakistan

In 2022, shipments abroad of metal office furniture decreased by -32.5% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 9,823% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal office furniture exports dropped markedly to $X in 2022. Over the period under review, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 13,543% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for metal office furniture exports from Pakistan, accounting for a 60% share of total exports. Moreover, metal office furniture exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+16.6% per year) and the UK (+733.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for metal office furniture exports from Pakistan, comprising 68% of total exports. The second position in the ranking was held by the UK ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+532.7% per year) and the United Arab Emirates (+12.9% per year).

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, which is down by -44.3% against the previous year. Over the period under review, the export price saw a perceptible contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 37%. The export price peaked at $X per ton in 2021, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-2.2%), while the prices for the other major destinations experienced a decline.

Metal Office Furniture Imports

Imports into Pakistan

In 2022, purchases abroad of metal office furniture increased by 63% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 407%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, metal office furniture imports surged to $X in 2022. In general, imports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of 334%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and the UK (X tons) were the main suppliers of metal office furniture imports to Pakistan, together accounting for 13% of total imports. Japan and the United States lagged somewhat behind, together accounting for a further 1.8%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +25.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest metal office furniture suppliers to Pakistan were the United Arab Emirates ($X), China ($X) and the UK ($X), together comprising 12% of total imports. Japan and the United States lagged somewhat behind, together accounting for a further 1.8%.

Japan, with a CAGR of +21.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average metal office furniture import price amounted to $X per ton, growing by 7.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 67%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Japan ($X per ton), while the price for the United Arab Emirates ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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