Spain: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Spain

The Spanish wooden office furniture market soared to $X in 2021, jumping by 75% against the previous year. Overall, consumption saw a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Production in Spain

In value terms, wooden office furniture production surged to $X in 2021 estimated in export price. In general, production recorded strong growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Exports

Exports from Spain

In 2021, the amount of wooden furniture of a kind used in offices exported from Spain dropped dramatically to X units, declining by -31.2% compared with 2020. Over the period under review, exports showed a pronounced decline. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year. As a result, the exports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, wooden office furniture exports contracted dramatically to $X in 2021. Overall, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +47.8% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 35% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

France (X units), Italy (X units) and Portugal (X units) were the main destinations of wooden office furniture exports from Spain, with a combined 70% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +54.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden office furniture exported from Spain were France ($X), Italy ($X) and Portugal ($X), with a combined 70% share of total exports.

Italy, with a CAGR of +63.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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, surging by 13% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden office furniture export price decreased by -2.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 33%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Germany ($X per unit) and Portugal ($X per unit), while the average price for exports to Italy ($X per unit) and Morocco ($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 Germany (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Spain

In 2021, imports of wooden furniture of a kind used in offices into Spain soared to X units, jumping by 31% against the previous year. Overall, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden office furniture imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Portugal (X units), Italy (X units) and Lithuania (X units) were the main suppliers of wooden office furniture imports to Spain, together comprising 50% of total imports. These countries were followed by Germany, France, Poland, Estonia, China, the Netherlands, the UK and Slovakia, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +257.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture suppliers to Spain were Portugal ($X), Italy ($X) and Lithuania ($X), with a combined 50% share of total imports. Germany, France, Poland, Estonia, China, the Netherlands, the UK and Slovakia lagged somewhat behind, together comprising a further 40%.

Estonia, with a CAGR of +239.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, falling by -5.2% against the previous year. In general, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2017 a decrease of -5.1%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood 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 Poland ($X per unit) and Portugal ($X per unit), while the price for Slovakia ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (-4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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