China - Wooden Furniture Of A Kind Used In Offices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWooden Office Furniture Price in China - 2023
Contents:
- Wooden Office Furniture Price in China (FOB) - 2023
- Wooden Office Furniture Price in China (CIF) - 2022
- Wooden Office Furniture Exports in China
- Wooden Office Furniture Imports in China
Wooden Office Furniture Price in China (FOB) - 2023
In June 2023, the average wooden office furniture export price amounted to $50.8 per unit, picking up by 5.4% against the previous month. In general, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in December 2022 an increase of 9.6% against the previous month. The export price peaked at $64.1 per unit in January 2023; however, from February 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Saudi Arabia ($130 per unit), while the average price for exports to France ($13.3 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Wooden Office Furniture Price in China (CIF) - 2022
The average wooden office furniture import price stood at $123 per unit in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2021 an increase of 29%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,317 per unit), while the price for Lithuania ($68 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Wooden Office Furniture Exports in China
In 2022, after three years of growth, there was significant decline in overseas shipments of wooden furniture of a kind used in offices, when their volume decreased by -28.8% to 22M units. Over the period under review, total exports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs at 31M units in 2021, and then declined markedly in the following year.
In value terms, wooden office furniture exports shrank to $1.2B in 2022. The total export value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports attained the peak of $1.4B, and then shrank in the following year.
| Export of Wooden Office Furniture in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 360 | 529 | 563 | 462 | 8.7% |
| Japan | 85.0 | 107 | 137 | 113 | 10.0% |
| Saudi Arabia | 51.1 | 40.6 | 37.7 | 51.2 | 0.1% |
| South Korea | 42.4 | 41.6 | 47.7 | 43.1 | 0.5% |
| Australia | 30.9 | 36.3 | 40.4 | 40.0 | 9.0% |
| Canada | 13.9 | 29.8 | 37.3 | 32.2 | 32.3% |
| Philippines | 25.7 | 18.8 | 29.6 | 30.2 | 5.5% |
| United Kingdom | 22.4 | 36.8 | 48.2 | 19.8 | -4.0% |
| Netherlands | 7.9 | 15.9 | 21.4 | 9.4 | 6.0% |
| France | 11.0 | 7.6 | 13.1 | 8.0 | -10.1% |
| Others | 321 | 278 | 390 | 371 | 4.9% |
| Total | 972 | 1,141 | 1,365 | 1,180 | 6.7% |
Top Export Markets for Wooden Office Furniture from China in 2022:
- United States (9.7M units)
- Japan (2.5M units)
- South Korea (1.4M units)
- Australia (0.9M units)
- France (0.7M units)
- Canada (0.6M units)
- United Kingdom (0.6M units)
- Philippines (0.5M units)
- Saudi Arabia (0.4M units)
- Netherlands (0.4M units)
Wooden Office Furniture Imports in China
In 2022, supplies from abroad of wooden furniture of a kind used in offices decreased by -55.6% to 75K units, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a precipitous contraction. The pace of growth was the most pronounced in 2020 with an increase of 0.1%. As a result, imports attained the peak of 300K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, wooden office furniture imports contracted dramatically to $9.2M in 2022. Overall, imports saw a dramatic contraction. The smallest decline of -17.6% was in 2020. Imports peaked at $30M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Wooden Office Furniture in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 4.1 | 5.4 | 6.0 | 3.1 | -8.9% |
| Italy | 3.6 | 1.9 | 2.0 | 1.2 | -30.7% |
| Lithuania | 4.4 | 3.1 | 1.7 | 0.6 | -48.5% |
| Vietnam | 1.0 | 0.7 | 0.8 | 0.6 | -15.7% |
| Germany | 2.3 | 1.2 | 0.8 | 0.6 | -36.1% |
| Slovakia | 1.6 | 1.1 | 0.5 | 0.4 | -37.0% |
| Japan | 0.4 | 0.4 | 0.4 | 0.3 | -9.1% |
| Portugal | 4.0 | 4.4 | 0.3 | N/A | -72.6% |
| Others | 8.6 | 6.7 | 5.5 | 2.4 | -34.7% |
| Total | 30.2 | 24.9 | 18.0 | 9.2 | -32.7% |
Top Suppliers of Wooden Office Furniture to China in 2022:
- Poland (41.2K units)
- Lithuania (8.4K units)
- Italy (4.8K units)
- Vietnam (3.3K units)
- Slovakia (3.3K units)
- Japan (2.6K units)
- Germany (0.4K units)
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:
- 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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During the period analyzed, exports of Wooden Office Furniture peaked at 30 million units in 2021. However, from 2022 to 2023, export growth stalled. In terms of value, the exports of wooden office furniture increased significantly to $1.3 billion in 2023.
567
February 2023 wood office furniture prices were $50.6 (FOB China) per unit, a drop of -21.1% from previous month.
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