Sweden: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Sweden

In 2021, the Swedish wooden office furniture market increased by 50% to $X, rising for the second consecutive year after five years of decline. Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +99.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Wooden Office Furniture Production in Sweden

In value terms, wooden office furniture production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a mild decrease. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wooden Office Furniture Exports

Exports from Sweden

In 2021, approx. X units of wooden furniture of a kind used in offices were exported from Sweden; dropping by -19.9% against 2020. Overall, exports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 47%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports shrank to $X in 2021. Over the period under review, exports saw a pronounced decline. The growth pace was the most rapid in 2019 with an increase of 5.6% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X units) was the main destination for wooden office furniture exports from Sweden, accounting for a 37% share of total exports. Moreover, wooden office furniture exports to Norway exceeded the volume sent to the second major destination, Germany (X units), threefold. Denmark (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway totaled -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.2% per year) and Denmark (-3.6% per year).

In value terms, Norway ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Sweden, comprising 37% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Denmark, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway amounted to -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.0% per year) and Denmark (-4.6% per year).

Export Prices by Country

In 2021, the average wooden office furniture export price amounted to $X per unit, with an increase of 24% against the previous year. In general, the export price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2014 when the average export price increased by 30%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Poland ($X per unit) and Denmark ($X per unit), while the average price for exports to the UK ($X per unit) and France ($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 Poland (-1.0%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Sweden

In 2021, the amount of wooden furniture of a kind used in offices imported into Sweden expanded remarkably to X units, growing by 6.2% on the year before. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, wooden office furniture imports rose to $X in 2021. In general, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2018 when imports increased by 15% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X units) constituted the largest supplier of wooden office furniture to Sweden, accounting for a 38% share of total imports. Moreover, wooden office furniture imports from Poland exceeded the figures recorded by the second-largest supplier, Lithuania (X units), threefold. Denmark (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+2.8% per year) and Denmark (+2.6% per year).

In value terms, Poland ($X) constituted the largest supplier of wooden furniture of a kind used in offices to Sweden, comprising 38% of total imports. The second position in the ranking was held by Lithuania ($X), with a 14% share of total imports. It was followed by Denmark, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-1.1% per year) and Denmark (-1.3% per year).

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, waning by -3.8% against the previous year. Overall, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average import price decreased by -3.8% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a 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 ($X per unit) and Lithuania ($X per unit), while the price for Slovakia ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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