Romania: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Romania

The Romanian wooden office furniture market skyrocketed to $X in 2021, with an increase of 96% against the previous year. In general, consumption posted a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Production in Romania

In value terms, wooden office furniture production surged to $X in 2021 estimated in export price. Overall, production showed pronounced growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Exports

Exports from Romania

In 2021, exports of wooden furniture of a kind used in offices from Romania rose to X units, growing by 2.1% compared with the year before. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 138%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wooden office furniture exports surged to $X in 2021. In general, exports showed strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 36%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X units), Germany (X units) and Italy (X units) were the main destinations of wooden office furniture exports from Romania, with a combined 42% share of total exports. These countries were followed by the Netherlands, France, Austria, Hungary, the UK and Moldova, which together accounted for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +92.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden office furniture exported from Romania were Belgium ($X), Germany ($X) and Italy ($X), together accounting for 42% of total exports. These countries were followed by France, the Netherlands, Austria, Hungary, the UK and Moldova, which together accounted for a further 45%.

Among the main countries of destination, Austria, with a CAGR of +89.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, growing by 13% against the previous year. Over the period under review, the export price, however, showed a mild descent. The pace of growth was the most pronounced in 2014 an increase of 30%. As a result, the export price attained 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 countries with the highest prices were Austria ($X per unit) and Hungary ($X per unit), while the average price for exports to the Netherlands ($X per unit) and the UK ($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 Austria (-1.1%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Romania

In 2021, supplies from abroad of wooden furniture of a kind used in offices increased by 7.3% to X units, rising for the fifth year in a row after two years of decline. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 78%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, wooden office furniture imports fell to $X in 2021. Overall, imports enjoyed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 38%. Over the period under review, imports attained the peak figure at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, Poland (X units) constituted the largest wooden office furniture supplier to Romania, accounting for a 23% share of total imports. Moreover, wooden office furniture imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.7% per year) and Germany (+6.1% per year).

In value terms, Poland ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Romania, comprising 24% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Germany, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.3% per year) and Germany (-0.1% per year).

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2021, reducing by -13.1% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Bulgaria ($X per unit) and Lithuania ($X per unit), while the price for Austria ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (-5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :