Southern Asia: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Southern Asia

The South Asian wooden office furniture market plummeted to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Office Furniture Production in Southern Asia

In value terms, wooden office furniture production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Wooden Office Furniture Exports

Exports in Southern Asia

In 2022, approx. X units of wooden furniture of a kind used in offices were exported in Southern Asia; surging by X% against 2021 figures. Over the period under review, exports saw strong growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wooden office furniture exports shrank to $X in 2022. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

India prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Sri Lanka (X units), achieving a X% share of total exports.

India was also the fastest-growing in terms of the wooden furniture of a kind used in offices exports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest wooden office furniture supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, shrinking by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price 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, wooden office furniture export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Sri Lanka amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Wooden Office Furniture Imports

Imports in Southern Asia

In 2022, imports of wooden furniture of a kind used in offices in Southern Asia dropped sharply to X units, with a decrease of X% compared with 2021 figures. Over the period under review, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, wooden office furniture imports shrank dramatically to $X in 2022. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units) represented the largest importer of wooden furniture of a kind used in offices, making up X% of total imports. It was distantly followed by Nepal (X units), generating a X% share of total imports. Bangladesh (X units), Maldives (X units) and Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wooden office furniture imports into India stood at X%. At the same time, Nepal (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%), Bangladesh (X%) and Maldives (X%) illustrated a downward trend over the same period. Nepal (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan, Bangladesh and Maldives saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported wooden furniture of a kind used in offices in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

In India, wooden office furniture imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 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 Bangladesh ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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