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China - Wooden Furniture Of A Kind Used In Offices - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 24, 2023
Wooden Office Furniture Price in China Rises 2%, Averaging $52.1 per Unit
China Wooden Office Furniture Export Price in September 2022
In September 2022, the wooden office furniture price stood at $52.1 per unit (FOB, China), surging by 2.2% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 when the average export price increased by 15% m-o-m. As a result, the export price attained the peak level of $58.9 per unit. From July 2022 to September 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($150 per unit), while the average price for exports to France ($15.1 per unit) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
China Wooden Office Furniture Exports
In September 2022, overseas shipments of wooden furniture of a kind used in offices increased by 5.8% to 1.8M units for the first time since May 2022, thus ending a three-month declining trend. In general, exports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in March 2022 with an increase of 49% month-to-month. Over the period under review, the exports attained the maximum at 2.4M units in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.
In value terms, wooden office furniture exports rose sharply to $92M (IndexBox estimates) in September 2022. Over the period under review, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in March 2022 with an increase of 43% m-o-m. Over the period under review, the exports reached the peak figure at 117M units in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.
China Wooden Office Furniture Exports by Country
The United States (843K units) was the main destination for wooden office furniture exports from China, accounting for a 48% share of total exports. Moreover, wooden office furniture exports to the United States exceeded the volume sent to the second major destination, Japan (174K units), fivefold. South Korea (104K units) ranked third in terms of total exports with a 5.9% share.
From January 2022 to September 2022, the average monthly growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-7.3% per month) and South Korea (-7.3% per month).
In value terms, the United States ($33M) remains the key foreign market for wooden office furniture exports from China, comprising 36% of total exports. The second position in the ranking was taken by Japan ($8.1M), with an 8.8% share of total exports. It was followed by Saudi Arabia, with a 5% share.
From January 2022 to September 2022, the average monthly growth rate of value to the United States totaled -4.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-7.7% per month) and Saudi Arabia (+0.9% per month).
Factors Affecting Wooden Office Furniture Prices
As the world's leading manufacturer of wooden office furniture, China is able to offer competitive prices for this type of product. A number of factors contribute to this, including the country's vast production capacity and low labor costs. In addition, Chinese manufacturers often use lower-quality materials and finishes than their counterparts in other countries, which helps to keep prices down.
Another factor that contributes to the lower cost of wooden office furniture in China is the lack of environmental regulations. In many developed countries, there are strict regulations regarding the use of certain chemicals and materials in furniture production. These regulations often add to the cost of production. However, in China, these regulations are not as stringent, which allows manufacturers to use cheaper materials and methods of construction.
Finally, another reason for the lower cost of office furniture in China is the country's relatively low taxes. When compared to developed countries, China has much lower corporate and import taxes. This makes it possible for Chinese manufacturers to sell their products at lower prices without sacrificing profit margins.
This report provides an in-depth analysis of the wooden office furniture market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 31011200 - Wooden furniture of a kind used in offices
• Prodcom 31021000 - Kitchen furniture
Country coverage:
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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