United Kingdom: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in the UK

The UK wooden office furniture market was estimated at $X in 2021, remaining constant against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wooden office furniture consumption peaked in 2021 and is expected to retain growth in the immediate term.

Wooden Office Furniture Production in the UK

In value terms, wooden office furniture production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 20%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Wooden Office Furniture Exports

Exports from the UK

In 2021, shipments abroad of wooden furniture of a kind used in offices was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a perceptible setback. The growth pace was the most rapid in 2017 when exports increased by 107%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports stood at $X in 2021. In general, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 decreased by -15.3% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by 31% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Ireland (X units) and France (X units) were the main destinations of wooden office furniture exports from the UK, together accounting for 51% of total exports. These countries were followed by the United Arab Emirates, the Netherlands, Germany, Sierra Leone, Cameroon, Gambia, Switzerland, Tanzania and Saudi Arabia, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cameroon (with a CAGR of +40.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden office furniture exported from the UK were the United States ($X), Ireland ($X) and France ($X), with a combined 46% share of total exports. These countries were followed by the Netherlands, Germany, the United Arab Emirates, Sierra Leone, Cameroon, Gambia, Switzerland, Tanzania and Saudi Arabia, which together accounted for a further 30%.

Among the main countries of destination, Cameroon, with a CAGR of +51.4%, saw 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

In 2021, the average wooden office furniture export price amounted to $X per unit, dropping by -6.6% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden office furniture export price increased by +96.7% against 2017 indices. The pace of growth appeared the most rapid in 2019 an increase of 77% against the previous year. The export price peaked at $X per unit in 2020, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Cameroon ($X per unit), while the average price for exports to the United States ($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 Cameroon (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into the UK

In 2021, approx. X units of wooden furniture of a kind used in offices were imported into the UK; growing by 14% against 2020 figures. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, wooden office furniture imports reached $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 26%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest wooden office furniture supplier to the UK, accounting for a 35% share of total imports. Moreover, wooden office furniture imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by Poland (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.1% per year) and Poland (+17.9% per year).

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in offices to the UK, comprising 35% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.1% per year) and Poland (+5.4% per year).

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2021, waning by -10.7% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average 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 Sweden ($X per unit) and Vietnam ($X per unit), while the price for France ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-10.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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