Finland: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Finland

For the fourth consecutive year, the Finnish wooden office furniture market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wooden office furniture consumption peaked in 2022 and is expected to retain growth in years to come.

Wooden Office Furniture Production in Finland

In value terms, wooden office furniture production surged to $X in 2022 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. Wooden office furniture production peaked in 2022 and is likely to continue growth in the near future.

Wooden Office Furniture Exports

Exports from Finland

In 2022, shipments abroad of wooden furniture of a kind used in offices increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports rose rapidly to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X units) was the main destination for wooden office furniture exports from Finland, with a X% share of total exports. Moreover, wooden office furniture exports to the United States exceeded the volume sent to the second major destination, Sweden (X units), twofold. Norway (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Norway (X% per year).

In value terms, the United States ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Finland, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with an X% share of total exports. It was followed by Switzerland, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then fell slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Denmark ($X 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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Finland

In 2022, approx. X units of wooden furniture of a kind used in offices were imported into Finland; with an increase of X% against 2021. In general, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, wooden office furniture imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units), Estonia (X units) and Lithuania (X units) were the main suppliers of wooden office furniture imports to Finland, with a combined X% share of total imports. Poland, Malaysia, Latvia, Denmark and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Estonia ($X) and Lithuania ($X) were the largest wooden office furniture suppliers to Finland, with a combined X% share of total imports. Poland, Denmark, Germany, Malaysia and Latvia lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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