GCC: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in GCC

The GCC wooden office furniture market shrank slightly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Wooden Office Furniture Production in GCC

In value terms, wooden office furniture production dropped to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Wooden Office Furniture Exports

Exports in GCC

After three years of decline, overseas shipments of wooden furniture of a kind used in offices increased by X% to X units in 2022. In general, exports showed a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, wooden office furniture exports skyrocketed to $X in 2022. Over the period under review, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the key exporter of wooden furniture of a kind used in offices, constituting X% of total exports. It was distantly followed by Kuwait (X units), constituting a X% share of total exports. Saudi Arabia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wooden office furniture exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest wooden office furniture supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports.

In the United Arab Emirates, wooden office furniture exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, surging by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Wooden Office Furniture Imports

Imports in GCC

In 2022, purchases abroad of wooden furniture of a kind used in offices was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, wooden office furniture imports amounted to $X in 2022. Overall, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Kuwait (X units) and the United Arab Emirates (X units) dominates imports structure, together creating X% of total imports. Oman (X units) ranks next in terms of the total imports with a X% share, followed by Qatar (X%) and Bahrain (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Oman ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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