Philippines - 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 the Philippines - 2023
Contents:
- Wooden Office Furniture Price in the Philippines (CIF) - 2023
- Wooden Office Furniture Price in the Philippines (FOB) - 2022
- Wooden Office Furniture Imports in the Philippines
- Wooden Office Furniture Exports in the Philippines
Wooden Office Furniture Price in the Philippines (CIF) - 2023
The average wooden office furniture import price stood at $12.4 per unit in May 2023, almost unchanged from the previous month. Over the period under review, the import price, however, saw a slight reduction. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 189% m-o-m. As a result, import price reached the peak level of $33.0 per unit. From November 2022 to May 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($23.8 per unit), while the price for India ($1.5 per unit) was amongst the lowest.
From June 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+20.9%), while the prices for the other major suppliers experienced a decline.
Wooden Office Furniture Price in the Philippines (FOB) - 2022
In 2022, the average wooden office furniture export price amounted to $11 per unit, falling by -54.6% against the previous year. Overall, the export price saw a deep setback. The pace of growth was the most pronounced in 2020 an increase of 197% against the previous year. As a result, the export price reached the peak level of $69 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($68 per unit), while the average price for exports to South Korea ($7.8 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 Italy (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.
Wooden Office Furniture Imports in the Philippines
Wooden office furniture imports into the Philippines contracted dramatically to 1.3M units in 2022, with a decrease of -16% on the previous year's figure. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2021 with an increase of 23%. Over the period under review, imports hit record highs at 1.8M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, wooden office furniture imports contracted to $18M in 2022. In general, imports saw a abrupt curtailment. The smallest decline of -8.6% was in 2021. Imports peaked at $34M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Wooden Office Furniture in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.2 | 17.5 | 16.8 | 12.6 | -22.6% |
| South Korea | 0.5 | 0.9 | 0.6 | 1.4 | 40.9% |
| Malaysia | 3.4 | 2.5 | 1.3 | 1.2 | -29.3% |
| Japan | 1.5 | 0.8 | 0.5 | 0.5 | -30.7% |
| Others | 1.7 | 1.1 | 1.6 | 2.2 | 9.0% |
| Total | 34.3 | 22.8 | 20.8 | 17.9 | -19.5% |
Top Suppliers of Wooden Office Furniture to the Philippines in 2022:
- China (977.4K units)
- Malaysia (116.4K units)
- South Korea (98.6K units)
- Japan (72.9K units)
Wooden Office Furniture Exports in the Philippines
In 2022, wooden office furniture exports from the Philippines was estimated at 97K units, remaining constant against 2021 figures. Over the period under review, exports recorded a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,477%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, wooden office furniture exports contracted dramatically to $1.1M in 2022. In general, exports, however, recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 460%. As a result, the exports reached the peak of $2.4M, and then dropped rapidly in the following year.
| Export of Wooden Office Furniture in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 583 | N/A | 330 | 688 | 5.7% |
| United States | 997 | 53.1 | 1,758 | 214 | -40.1% |
| Others | 555 | 369 | 272 | 172 | -32.3% |
| Total | 2,135 | 422 | 2,360 | 1,074 | -20.5% |
Top Export Markets for Wooden Office Furniture from the Philippines in 2022:
- South Korea (88.7K units)
- United States (6.2K units)
This report provides an in-depth analysis of the wooden office furniture market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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