Ukraine: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Ukraine

In 2021, the Ukrainian wooden office furniture market decreased by -1.7% to $X, falling for the second year in a row after four years of growth. In general, consumption continues to indicate a noticeable shrinkage. Wooden office furniture consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wooden Office Furniture Production in Ukraine

In value terms, wooden office furniture production rose modestly to $X in 2021 estimated in export price. In general, production showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. 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 Ukraine

In 2021, shipments abroad of wooden furniture of a kind used in offices increased by 33% to X units, rising for the fifth consecutive year after four years of decline. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 108%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, wooden office furniture exports skyrocketed to $X in 2021. In general, exports continue to indicate resilient growth. The growth pace was the most rapid in 2020 with an increase of 61% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Poland (X units), Germany (X units) and Denmark (X units) were the main destinations of wooden office furniture exports from Ukraine, with a combined 64% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +116.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden office furniture exported from Ukraine were Poland ($X), Germany ($X) and Denmark ($X), together accounting for 63% of total exports.

Among the main countries of destination, Germany, with a CAGR of +113.4%, recorded the highest rates of growth with regard to the value of exports, 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, declining by -3.9% against the previous year. Overall, the export price showed a pronounced downturn. The growth pace was the most rapid in 2014 when the average export price increased by 30% against the previous year. 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.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (-0.7%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Ukraine

In 2021, purchases abroad of wooden furniture of a kind used in offices increased by 30% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, imports saw modest growth. The pace of growth appeared the most rapid in 2017 when imports increased by 80% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, wooden office furniture imports soared to $X in 2021. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 49%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X units), China (X units) and Lithuania (X units) were the main suppliers of wooden office furniture imports to Ukraine, with a combined 59% share of total imports. These countries were followed by Italy, Germany, Turkey, Finland, Austria and Sweden, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +59.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture suppliers to Ukraine were Poland ($X), China ($X) and Lithuania ($X), with a combined 59% share of total imports. Italy, Germany, Turkey, Finland, Austria and Sweden lagged somewhat behind, together accounting for a further 31%.

Finland, with a CAGR of +34.1%, 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 a decline.

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, waning by -10.8% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 13%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained 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 Sweden ($X per unit) and Austria ($X per unit), while the price for Italy ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-10.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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