India: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in India

The Indian wooden office furniture market declined markedly to $X in 2022, reducing by X% against the previous year. Overall, consumption continues to indicate a abrupt slump. Wooden office furniture consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Office Furniture Production in India

In value terms, wooden office furniture production totaled $X in 2022 estimated in export price. The total output 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. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Wooden office furniture production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Wooden Office Furniture Exports

Exports from India

In 2022, the amount of wooden furniture of a kind used in offices exported from India rose markedly to X units, increasing by X% on 2021. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wooden office furniture exports fell to $X in 2022. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

The United States (X units) was the main destination for wooden office furniture exports from India, 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, the Netherlands (X units), threefold. The third position in this ranking was taken by France (X units), with a X% share.

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

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

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

Export Prices by Country

In 2022, the average wooden office furniture export price amounted to $X per unit, waning by X% against the previous year. In general, the export price, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into India

In 2022, purchases abroad of wooden furniture of a kind used in offices decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden office furniture imports declined rapidly to $X in 2022. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Malaysia (X units) and Sri Lanka (X units) were the main suppliers of wooden office furniture imports to India, together comprising X% of total imports. Singapore, Finland, South Korea, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture suppliers to India were China ($X), Malaysia ($X) and Sri Lanka ($X), together accounting for X% of total imports. Singapore, Finland, South Korea, Italy and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average wooden office furniture import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($X per unit) and Finland ($X per unit), while the price for Italy ($X per unit) and Sri Lanka ($X per unit) were 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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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