Saudi Arabia: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Saudi Arabia

In 2022, the Saudi metal office furniture market increased by 1.5% to $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Office Furniture Exports

Exports from Saudi Arabia

In 2022, the amount of metal office furniture exported from Saudi Arabia reduced sharply to X tons, waning by -26.1% against 2021 figures. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 384%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal office furniture exports fell sharply to $X in 2022. In general, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by 388% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for metal office furniture exports from Saudi Arabia, with a 89% share of total exports. Moreover, metal office furniture exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+8.8% per year) and Oman (+14.2% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for metal office furniture exports from Saudi Arabia, comprising 79% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+3.3% per year) and Oman (+30.0% per year).

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, rising by 1.6% against the previous year. Overall, the export price, however, showed a abrupt decrease. The growth pace was the most rapid in 2020 an increase of 32% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to the United Arab Emirates ($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 Oman (+13.8%), while the prices for the other major destinations experienced a decline.

Metal Office Furniture Imports

Imports into Saudi Arabia

In 2022, overseas purchases of metal office furniture were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 39% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal office furniture imports amounted to $X in 2022. In general, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal office furniture to Saudi Arabia, with a 56% share of total imports. Moreover, metal office furniture imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. Poland (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.9% per year) and Poland (+19.6% per year).

In value terms, China ($X) constituted the largest supplier of metal office furniture to Saudi Arabia, comprising 35% of total imports. The second position in the ranking was held by Italy ($X), with a 9.7% share of total imports. It was followed by Turkey, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.7% per year) and Turkey (+1.6% per year).

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 46%. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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