Pakistan: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Pakistan

In 2021, the Pakistani wooden office furniture market was finally on the rise to reach $X after three years of decline. In general, consumption, however, recorded a abrupt contraction. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Wooden Office Furniture Exports

Exports from Pakistan

In 2021, approx. X units of wooden furniture of a kind used in offices were exported from Pakistan; growing by 21% on 2020 figures. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 80%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports surged to $X in 2021. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 98%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for wooden office furniture exports from Pakistan, accounting for a 66% share of total exports. Moreover, wooden office furniture exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold. The third position in this ranking was taken by Malta (X units), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+0.4% per year) and Malta (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Pakistan, comprising 78% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-0.3% per year) and the Netherlands (0.0% per year).

Export Prices by Country

In 2021, the average wooden office furniture export price amounted to $X per unit, surging by 12% against the previous year. Overall, the export price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 39%. The export price peaked at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the average price for exports to Malta ($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 the United Arab Emirates (-0.7%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Pakistan

Wooden office furniture imports into Pakistan skyrocketed to X units in 2021, increasing by 25% against 2020 figures. Overall, imports, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of 328% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, wooden office furniture imports totaled $X in 2021. In general, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 268%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wooden office furniture to Pakistan, accounting for a 64% share of total imports. Moreover, wooden office furniture imports from China exceeded the figures recorded by the second-largest supplier, France (X units), sixfold. The United States (X units) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.6% per year) and the United States (+97.4% per year).

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Pakistan, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by France, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+87.7% per year) and France (-15.1% per year).

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, waning by -18.4% against the previous year. In general, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 36%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 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 the United Arab Emirates ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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