Hong Kong SAR, 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 Hong Kong SAR - 2023
Contents:
- Wooden Office Furniture Price in Hong Kong SAR (CIF) - 2023
- Wooden Office Furniture Price in Hong Kong SAR (FOB) - 2022
- Wooden Office Furniture Imports in Hong Kong SAR
- Wooden Office Furniture Exports in Hong Kong SAR
Wooden Office Furniture Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average wooden office furniture import price amounted to $61.9 per unit, growing by 37% against the previous month. Over the period under review, the import price saw a slight expansion. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 145% month-to-month. The import price peaked at $75.0 per unit in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($97.3 per unit), while the price for China totaled $48.4 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.1%).
Wooden Office Furniture Price in Hong Kong SAR (FOB) - 2022
In 2022, the average wooden office furniture export price amounted to $165 per unit, picking up by 101% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($484 per unit), while the average price for exports to the Philippines ($46 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+47.8%), while the prices for the other major destinations experienced more modest paces of growth.
Wooden Office Furniture Imports in Hong Kong SAR
Wooden office furniture imports into Hong Kong SAR surged to 426K units in 2022, picking up by 19% on 2021. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, wooden office furniture imports shrank to $17M in 2022. In general, imports, however, saw a deep slump. The smallest decline of -3.6% was in 2021. Over the period under review, imports reached the peak figure at $23M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Wooden Office Furniture in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.8 | 16.2 | 15.4 | 14.6 | -4.6% |
| Others | 6.4 | 4.2 | 4.2 | 2.5 | -26.9% |
| Total | 23.3 | 20.3 | 19.6 | 17.2 | -9.6% |
Top Suppliers of Wooden Office Furniture to Hong Kong SAR in 2022:
- China (418.2K units)
Wooden Office Furniture Exports in Hong Kong SAR
In 2022, the amount of wooden furniture of a kind used in offices exported from Hong Kong SAR reduced notably to 4.8K units, declining by -77.6% against 2021. In general, exports saw a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 40%. The exports peaked at 25K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, wooden office furniture exports fell significantly to $782K in 2022. Over the period under review, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 7.6% against the previous year. The exports peaked at $3.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Wooden Office Furniture in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 281 | 254 | 170 | 176 | -14.4% |
| India | 104 | 58.0 | 57.4 | 134 | 8.8% |
| China | 1,352 | 575 | 297 | 115 | -56.0% |
| Japan | 42.7 | 27.7 | 127 | 101 | 33.2% |
| Singapore | 246 | 113 | 36.5 | 49.4 | -41.4% |
| United States | 39.9 | 22.6 | 26.4 | 37.7 | -1.9% |
| Philippines | 741 | 355 | 539 | 28.0 | -66.4% |
| Taiwan (Chinese) | 61.3 | 31.1 | 68.5 | 24.7 | -26.1% |
| Others | 443 | 173 | 409 | 115 | -36.2% |
| Total | 3,312 | 1,610 | 1,731 | 782 | -38.2% |
Top Export Markets for Wooden Office Furniture from Hong Kong SAR in 2022:
- Macao SAR (1327.0 units)
- China (1010.0 units)
- Philippines (611.0 units)
- India (433.0 units)
- Taiwan (Chinese) (340.0 units)
- United States (290.0 units)
- Japan (250.0 units)
- Singapore (102.0 units)
This report provides an in-depth analysis of the wooden office furniture market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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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