Slovenia: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Slovenia

In 2022, the Slovene metal office furniture market increased by 18% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a prominent increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Metal Office Furniture Production in Slovenia

In value terms, metal office furniture production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 133%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Metal Office Furniture Exports

Exports from Slovenia

Metal office furniture exports from Slovenia fell to X tons in 2022, dropping by -9.9% against 2021. Over the period under review, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2015 when exports increased by 57%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, metal office furniture exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 19%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Austria (X tons) was the main destination for metal office furniture exports from Slovenia, accounting for a 59% share of total exports. Moreover, metal office furniture exports to Austria exceeded the volume sent to the second major destination, Luxembourg (X tons), tenfold. Serbia (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria totaled +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+23.6% per year) and Serbia (+2.7% per year).

In value terms, Austria ($X) remains the key foreign market for metal office furniture exports from Slovenia, comprising 54% of total exports. The second position in the ranking was taken by Serbia ($X), with a 4.8% share of total exports. It was followed by Germany, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria stood at +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+4.2% per year) and Germany (-6.1% per year).

Export Prices by Country

The average metal office furniture export price stood at $X per ton in 2022, picking up by 20% against the previous year. In general, the export price, however, saw a pronounced reduction. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to Luxembourg ($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 Poland (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Slovenia

For the third year in a row, Slovenia recorded growth in supplies from abroad of metal office furniture, which increased by 2.7% to X tons in 2022. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 39%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, metal office furniture imports rose remarkably to $X in 2022. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of metal office furniture to Slovenia, with a 33% share of total imports. Moreover, metal office furniture imports from Turkey exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), twofold. China (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +63.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+44.9% per year) and China (+7.2% per year).

In value terms, Turkey ($X), Italy ($X) and Germany ($X) constituted the largest metal office furniture suppliers to Slovenia, together comprising 49% of total imports.

Among the main suppliers, Turkey, with a CAGR of +50.9%, 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 average metal office furniture import price stood at $X per ton in 2022, increasing by 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2013 an increase of 34% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($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 UK (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform