Report Singapore - Wooden Furniture of A Kind Used in Offices - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Singapore - Wooden Furniture of A Kind Used in Offices - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Wooden Office Furniture Market 2022

Wooden Office Furniture Market Size in Singapore

The Singaporean wooden office furniture market soared to $X in 2021, increasing by 41% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a perceptible shrinkage. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Wooden Office Furniture Exports

Exports from Singapore

In 2021, the amount of wooden furniture of a kind used in offices exported from Singapore soared to X units, picking up by 20% on the previous year. Overall, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 49% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wooden office furniture exports soared to $X in 2021. In general, exports, however, saw a abrupt decrease. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units) was the main destination for wooden office furniture exports from Singapore, with a 44% share of total exports. Moreover, wooden office furniture exports to Malaysia exceeded the volume sent to the second major destination, the United States (X units), threefold. Australia (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+62.1% per year) and Australia (+6.2% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for wooden office furniture exports from Singapore, comprising 44% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports. It was followed by Australia, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+64.8% per year) and Australia (+8.1% per year).

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, increasing by 71% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Myanmar ($X per unit) and Indonesia ($X per unit), while the average price for exports to Malaysia ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Singapore

In 2021, the amount of wooden furniture of a kind used in offices imported into Singapore skyrocketed to X units, increasing by 20% compared with 2020. Overall, imports, however, saw a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 21%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, wooden office furniture imports soared to $X in 2021. In general, imports, however, saw a perceptible descent. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Malaysia (X units) and Finland (X units) were the main suppliers of wooden office furniture imports to Singapore, together comprising 84% of total imports. These countries were followed by the United States, Poland, Lithuania and Italy, which together accounted for a further 8.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +103.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture suppliers to Singapore were China ($X), Malaysia ($X) and Finland ($X), together accounting for 83% of total imports. These countries were followed by the United States, Poland, Lithuania and Italy, which together accounted for a further 8.9%.

Lithuania, with a CAGR of +105.8%, recorded the highest rates of growth with regard to 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

In 2021, the average wooden office furniture import price amounted to $X per unit, with an increase of 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per unit) and Lithuania ($X per unit), while the price for Italy ($X per unit) and Finland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for wooden furniture of a kind used in offices in the world?
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The country with the largest volume of wooden office furniture consumption was China, accounting for 22% of total volume. Moreover, wooden office furniture consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was held by the UK, with an 8.1% share.
What are the largest producers of wooden furniture of a kind used in offices in the world?
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China constituted the country with the largest volume of wooden office furniture production, comprising approx. 28% of total volume. Moreover, wooden office furniture production in China exceeded the figures recorded by the second-largest producer, the UK, fourfold. Germany ranked third in terms of total production with a 7.3% share.
What are the leading suppliers of wooden furniture of a kind used in offices to Singapore?
+
In value terms, the largest wooden office furniture suppliers to Singapore were China, Malaysia and Finland, with a combined 83% share of total imports. The United States, Poland, Lithuania and Italy lagged somewhat behind, together accounting for a further 8.9%.
What are the leading importers of wooden furniture of a kind used in offices from Singapore?
+
In value terms, Malaysia emerged as the key foreign market for wooden office furniture exports from Singapore, comprising 44% of total exports. The second position in the ranking was taken by the United States, with a 15% share of total exports. It was followed by Australia, with an 8.8% share.
What is the average export price for wooden furniture of a kind used in offices in Singapore?
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In 2021, the average wooden office furniture export price amounted to $75 per unit, picking up by 71% against the previous year.
What is the average import price for wooden furniture of a kind used in offices in Singapore?
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The average wooden office furniture import price stood at $65 per unit in 2021, picking up by 25% against the previous year.

This report provides an in-depth analysis of the wooden office furniture market in Singapore. 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:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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