Scandinavia: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Scandinavia

In 2022, after three years of growth, there was significant decline in the Scandinavia metal office furniture market, when its value decreased by -10.6% to $X. In general, consumption continues to indicate a mild reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Office Furniture Production in Scandinavia

In value terms, metal office furniture production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced shrinkage. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Office Furniture Exports

Exports in Scandinavia

In 2022, the amount of metal office furniture exported in Scandinavia amounted to X tons, growing by 4.3% compared with the year before. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, metal office furniture exports surged to $X in 2022. Overall, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 88%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Sweden (X tons) represented the main exporter of metal office furniture, achieving 67% of total exports. It was distantly followed by Finland (X tons), mixing up a 29% share of total exports. Norway (X tons) followed a long way behind the leaders.

Exports from Sweden increased at an average annual rate of +3.3% from 2012 to 2022. At the same time, Finland (+24.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +24.5% from 2012-2022. By contrast, Norway (-8.6%) illustrated a downward trend over the same period. While the share of Finland (+24 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-11 p.p.) and Norway (-12.8 p.p.) displayed negative dynamics.

In value terms, Finland ($X), Sweden ($X) and Norway ($X) constituted the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Finland, with a CAGR of +29.5%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, increasing by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Metal Office Furniture Imports

Imports in Scandinavia

After three years of growth, supplies from abroad of metal office furniture decreased by -7.6% to X tons in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.8% against 2014 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, metal office furniture imports declined to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 74% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Sweden (X tons) and Norway (X tons) were the key importers of metal office furniture in Scandinavia, together recording approx. 80% of total imports. It was distantly followed by Finland (X tons), creating a 20% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +8.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal office furniture importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Among the main importing countries, Sweden, with a CAGR of +7.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, dropping by -4.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 23%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform