Sweden: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Sweden

In 2022, the Swedish metal office furniture market decreased by -18% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Metal Office Furniture Production in Sweden

In value terms, metal office furniture production surged to $X in 2022 estimated in export price. In general, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24%. Metal office furniture production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Office Furniture Exports

Exports from Sweden

In 2022, the amount of metal office furniture exported from Sweden contracted to X tons, with a decrease of -14.2% on the previous year's figure. In general, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% 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 +24.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, metal office furniture exports declined to $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Norway (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of metal office furniture exports from Sweden, together accounting for 60% of total exports. The United States, the UK, Germany, France and Poland lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +29.3%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for metal office furniture exports from Sweden, comprising 26% of total exports. The second position in the ranking was taken by Finland ($X), with an 11% share of total exports. It was followed by Denmark, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-5.5% per year) and Denmark (+1.6% per year).

Export Prices by Country

The average metal office furniture export price stood at $X per ton in 2022, with an increase of 7.9% against the previous year. Over the period under review, the export price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Finland ($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 France (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Office Furniture Imports

Imports into Sweden

In 2022, after three years of growth, there was significant decline in purchases abroad of metal office furniture, when their volume decreased by -16.7% to X tons. Overall, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, metal office furniture imports shrank sharply to $X in 2022. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal office furniture supplier to Sweden, accounting for a 46% share of total imports. Moreover, metal office furniture imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+26.4% per year) and Turkey (+20.1% per year).

In value terms, China ($X), Poland ($X) and Lithuania ($X) were the largest metal office furniture suppliers to Sweden, together comprising 63% of total imports. The UK, Turkey, Bosnia and Herzegovina, Germany, Norway, the Netherlands and Oman lagged somewhat behind, together accounting for a further 25%.

Oman, with a CAGR of +237.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, declining by -12.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 when the average import price increased by 37% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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