Australia - Metal Complete And Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMetal Domestic Furniture Price in Australia - 2023
Contents:
- Metal Domestic Furniture Price in Australia (CIF) - 2022
- Metal Domestic Furniture Price in Australia (FOB) - 2023
- Metal Domestic Furniture Imports in Australia
- Metal Domestic Furniture Exports in Australia
Metal Domestic Furniture Price in Australia (CIF) - 2022
The average metal domestic furniture import price stood at $6,609 per ton in 2022, picking up by 3.3% against the previous year. Overall, the import price recorded strong growth. The growth pace was the most rapid in 2018 an increase of 30% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($7,466 per ton) and Italy ($7,255 per ton), while the price for Taiwan (Chinese) ($6,088 per ton) and the United States ($6,390 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Domestic Furniture Price in Australia (FOB) - 2023
The average metal domestic furniture export price stood at $7,613 per ton in June 2023, remaining relatively unchanged against the previous month. In general, the export price continues to indicate a slight setback. The most prominent rate of growth was recorded in November 2022 an increase of 9.1% month-to-month. The export price peaked at $9,192 per ton in August 2022; however, from September 2022 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In June 2023, the countries with the highest prices were Malaysia ($9,780 per ton) and Hong Kong SAR ($9,354 per ton), while the average price for exports to Cyprus ($6,865 per ton) and Indonesia ($6,869 per ton) were amongst the lowest.
From August 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.
Metal Domestic Furniture Imports in Australia
In 2022, approx. 188K tons of metal furniture were imported into Australia; shrinking by -10.8% against the year before. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, 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 35%. As a result, imports reached the peak of 211K tons, and then reduced in the following year.
In value terms, metal domestic furniture imports dropped to $1.2B in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of $1.4B, and then reduced in the following year.
| Import of Metal Domestic Furniture in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 688 | 773 | 1,109 | 996 | 13.1% |
| Vietnam | 46.3 | 41.0 | 36.2 | 49.0 | 1.9% |
| Italy | 24.9 | 22.4 | 28.3 | 34.0 | 10.9% |
| United States | 25.1 | 21.1 | 23.7 | 23.5 | -2.2% |
| Indonesia | 13.4 | 13.3 | 18.2 | 23.4 | 20.4% |
| Taiwan (Chinese) | 23.5 | 23.4 | 27.5 | 15.6 | -12.8% |
| Others | 99.7 | 83.9 | 108 | 104 | 1.4% |
| Total | 921 | 978 | 1,350 | 1,245 | 10.6% |
Top Suppliers of Metal Domestic Furniture to Australia in 2022:
- China (151.3K tons)
- Vietnam (6.6K tons)
- Italy (4.7K tons)
- United States (3.7K tons)
- Indonesia (3.5K tons)
- Taiwan (Chinese) (2.6K tons)
Metal Domestic Furniture Exports in Australia
In 2022, exports of metal furniture from Australia contracted to 3.3K tons, falling by -10.7% on 2021. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year.
In value terms, metal domestic furniture exports expanded modestly to $27M in 2022. In general, exports faced a abrupt decline.
| Export of Metal Domestic Furniture in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 10.1 | 5.8 | 9.4 | 10.3 | 0.7% |
| United States | 14.2 | 11.7 | 6.8 | 4.9 | -29.9% |
| China | 1.5 | 0.7 | 0.7 | 1.8 | 6.3% |
| Singapore | 1.4 | 0.9 | 2.1 | 1.6 | 4.6% |
| United Arab Emirates | 0.5 | 0.6 | 0.5 | 1.0 | 26.0% |
| Netherlands | 0.5 | 0.3 | 0.1 | 0.8 | 17.0% |
| Saudi Arabia | 0.3 | N/A | 0.4 | 0.7 | 32.6% |
| Hong Kong SAR | 1.1 | 1.3 | 0.3 | 0.5 | -23.1% |
| Papua New Guinea | 0.7 | 0.6 | 0.5 | 0.4 | -17.0% |
| United Kingdom | 1.4 | 0.6 | 0.2 | 0.4 | -34.1% |
| Canada | 1.0 | 0.2 | 0.3 | 0.2 | -41.5% |
| Japan | 3.3 | 0.6 | 0.2 | 0.1 | -68.8% |
| Others | 6.0 | 3.4 | 5.1 | 4.5 | -9.1% |
| Total | 41.8 | 26.5 | 26.6 | 27.2 | -13.3% |
Top Export Markets for Metal Domestic Furniture from Australia in 2022:
- New Zealand (1229.2 tons)
- United States (551.2 tons)
- China (255.5 tons)
- Singapore (169.7 tons)
- Netherlands (122.0 tons)
- United Arab Emirates (117.0 tons)
- Saudi Arabia (71.8 tons)
- Hong Kong SAR (66.0 tons)
- Papua New Guinea (57.6 tons)
- United Kingdom (42.7 tons)
- Canada (25.5 tons)
- Japan (13.0 tons)
This report provides an in-depth analysis of the metal domestic furniture market in Australia. 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 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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