Turkey: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Turkey

In 2022, after two years of decline, there was significant growth in the Turkish metal office furniture market, when its value increased by 3,105% to $X. Over the period under review, consumption recorded pronounced growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal Office Furniture Production in Turkey

In value terms, metal office furniture production declined sharply to $X in 2022 estimated in export price. In general, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 108%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Office Furniture Exports

Exports from Turkey

In 2022, the amount of metal office furniture exported from Turkey reduced modestly to X tons, with a decrease of -1.5% compared with the year before. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 77%. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, metal office furniture exports expanded rapidly to $X in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +8.2% 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 +38.5% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 40% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for metal office furniture exports from Turkey, accounting for a 35% share of total exports. Moreover, metal office furniture exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.2% per year) and the Netherlands (+8.4% per year).

In value terms, Germany ($X) remains the key foreign market for metal office furniture exports from Turkey, comprising 32% of total exports. The second position in the ranking was taken by France ($X), with a 16% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.6% per year) and the Netherlands (+10.3% per year).

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, picking up by 11% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Iraq ($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 the UK (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Turkey

In 2022, supplies from abroad of metal office furniture increased by 133% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate a notable increase. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, metal office furniture imports surged to $X in 2022. Overall, imports showed prominent growth. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest metal office furniture supplier to Turkey, accounting for a 55% share of total imports. Moreover, metal office furniture imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. China (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.2% per year) and China (-9.0% per year).

In value terms, Italy ($X) constituted the largest supplier of metal office furniture to Turkey, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by China, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.3% per year) and China (-1.4% per year).

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, surging by 42% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 import price increased by +75.8% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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