Portugal: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Portugal

The Portuguese wooden office furniture market soared to $X in 2021, with an increase of 744% against the previous year. Overall, consumption posted significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Production in Portugal

In value terms, wooden office furniture production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 90%. Wooden office furniture production peaked in 2021 and is likely to continue growth in the immediate term.

Wooden Office Furniture Exports

Exports from Portugal

In 2021, exports of wooden furniture of a kind used in offices from Portugal rose markedly to X units, growing by 9.5% compared with the previous year's figure. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2015 when exports increased by 88% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wooden office furniture exports rose sharply to $X in 2021. In general, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 74%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), France (X units) and Spain (X units) were the main destinations of wooden office furniture exports from Portugal, together accounting for 74% of total exports. These countries were followed by Canada, Switzerland and Angola, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +243.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Spain ($X) appeared to be the largest markets for wooden office furniture exported from Portugal worldwide, with a combined 75% share of total exports. These countries were followed by Canada, Switzerland and Angola, which together accounted for a further 19%.

Canada, with a CAGR of +228.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wooden office furniture export price amounted to $X per unit, stabilizing at the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of 30%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Switzerland ($X per unit), while the average price for exports to Canada ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-4.6%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Portugal

Wooden office furniture imports into Portugal was estimated at X units in 2021, increasing by 10% against 2020. Over the period under review, imports saw resilient growth. The growth pace was the most rapid in 2014 when imports increased by 54%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, wooden office furniture imports rose modestly to $X in 2021. In general, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 45%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of wooden office furniture to Portugal, accounting for a 49% share of total imports. Moreover, wooden office furniture imports from Spain exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+28.4% per year) and Germany (+15.8% per year).

In value terms, Spain ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Portugal, comprising 49% of total imports. The second position in the ranking was taken by France ($X), with a 20% share of total imports. It was followed by Germany, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+20.5% per year) and Germany (+8.6% per year).

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, declining by -6.2% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 a decrease of -6.2% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Spain ($X per unit) and France ($X per unit), while the price for the UK ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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