Global Metal Office Furniture Market 2024

Metal Office Furniture Market Size

In 2022, the global metal office furniture market increased by 33% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a tangible increase. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal Office Furniture Production

In value terms, metal office furniture production fell modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 38%. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Office Furniture Exports

Exports

In 2022, the amount of metal office furniture exported worldwide totaled X tons, remaining stable against 2021 figures. The total export volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 7.4%. The global exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, metal office furniture exports totaled $X in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the major exporter of metal office furniture, creating 40% of total exports. Canada (X tons) ranks second in terms of the total exports with a 9.3% share, followed by Turkey (6.3%). The following exporters - Germany (X tons), Italy (X tons), Taiwan (Chinese) (X tons), Poland (X tons), the Netherlands (X tons), Spain (X tons), the UK (X tons), Malaysia (X tons) and the Czech Republic (X tons) - together made up 27% of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal office furniture exports from China stood at +3.6%. At the same time, the Netherlands (+10.8%), the Czech Republic (+8.9%), Turkey (+7.7%), Poland (+6.9%), Spain (+6.1%), Canada (+5.5%) and Taiwan (Chinese) (+5.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.8% from 2012-2022. Germany and Italy experienced a relatively flat trend pattern. By contrast, the UK (-3.0%) and Malaysia (-4.0%) illustrated a downward trend over the same period. While the share of China (+5.4 p.p.), Turkey (+2.6 p.p.), Canada (+2.5 p.p.) and the Netherlands (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the UK (-1.5 p.p.) and Malaysia (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal office furniture supplying countries worldwide were China ($X), Canada ($X) and Italy ($X), with a combined 44% share of global exports. Germany, the UK, Spain, the Netherlands, Turkey, Taiwan (Chinese), Poland, the Czech Republic and Malaysia lagged somewhat behind, together comprising a further 32%.

In terms of the main exporting countries, Poland, with a CAGR of +11.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, with an increase of 7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 7.6%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.9%), while the other global leaders experienced more modest paces of growth.

Metal Office Furniture Imports

Imports

Global metal office furniture imports dropped to X tons in 2022, with a decrease of -9.7% against the year before. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 8.5%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, metal office furniture imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of metal office furniture imports in 2022 were the United States (X tons), Germany (X tons), the UK (X tons), France (X tons) and Canada (X tons), together recording 39% of total import. The following importers - the Netherlands (X tons), Saudi Arabia (X tons), Indonesia (X tons), Singapore (X tons), Australia (X tons), Poland (X tons), Japan (X tons) and the United Arab Emirates (X tons) - together made up 21% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +15.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported metal office furniture worldwide, comprising 27% of global imports. The second position in the ranking was held by Germany ($X), with a 6.8% share of global imports. It was followed by France, with a 6.4% share.

In the United States, metal office furniture imports increased at an average annual rate of +8.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+4.1% per year) and France (+4.5% per year).

Import Prices by Country

In 2022, the average metal office furniture import price amounted to $X per ton, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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