Slovakia: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Slovakia

The Slovak metal office furniture market dropped rapidly to $X in 2022, which is down by -15.3% against the previous year. Overall, consumption saw a relatively flat trend pattern. Metal office furniture consumption peaked at $X in 2021, and then dropped sharply in the following year.

Metal Office Furniture Production in Slovakia

In value terms, metal office furniture production declined significantly to $X in 2022 estimated in export price. In general, production showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. As a result, production reached the peak level of $X, and then reduced remarkably in the following year.

Metal Office Furniture Exports

Exports from Slovakia

In 2022, shipments abroad of metal office furniture increased by 30% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal office furniture exports surged to $X in 2022. In general, exports posted a mild increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Germany (X tons) and Austria (X tons) were the main destinations of metal office furniture exports from Slovakia, with a combined 88% share of total exports. Hungary and Poland lagged somewhat behind, together accounting for a further 7.9%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +24.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and Austria ($X) constituted the largest markets for metal office furniture exported from Slovakia worldwide, with a combined 84% share of total exports. Poland and Hungary lagged somewhat behind, together comprising a further 11%.

Among the main countries of destination, Hungary, with a CAGR of +21.8%, 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 metal office furniture export price stood at $X per ton in 2022, surging by 27% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal office furniture export price increased by +35.7% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 29% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Hungary ($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 Norway (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Slovakia

Metal office furniture imports into Slovakia reduced rapidly to X tons in 2022, falling by -16.7% against 2021 figures. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 38% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal office furniture imports contracted notably to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 48% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of metal office furniture to Slovakia, accounting for a 34% share of total imports. Moreover, metal office furniture imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +42.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.8% per year) and the Czech Republic (-16.6% per year).

In value terms, the largest metal office furniture suppliers to Slovakia were the Czech Republic ($X), Turkey ($X) and China ($X), with a combined 61% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +39.6%, recorded the highest growth rate of 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 average metal office furniture import price stood at $X per ton in 2022, falling by -4.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2017 an increase of 21%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Switzerland ($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 Czech Republic (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :