Office furniture, especially wooden furniture

 

Urban development and the development of new investments and companies are accompanied by a significant increase in the demand for office furniture, especially wood. The market for 2021 was about $307 million (8.1 million units).

 

Note: Product Code

HS code: 940330

In this article we will review some numbers in this area and follow us.

To request ISO feasibility and rehabilitation studies services

https://www.strategymission.org/request-services-ar/

 

In 2022, office-type wood furniture consumption increased by 5.6% to 8.1 million units, rising for the second consecutive year after three years of decline. During the period under review, consumption was clearly expanded. Wood office furniture consumption peaked at 12 million units in 2012.

 

The market is expected to continue the upward trend over the next eight years. The market performance is expected to accelerate, with the expansion of an expected CAGR + 5.6% for the period from 2022 to 2030, the market size is expected to reach 12 million units by the end of 2030.

 

In terms of value, the market is projected to increase at a projected CAGR of + 4.2% for the period from 2022 to 2030, or $445 million (in nominal prices) by the end of 2030.

 

In 2021, China (942 thousand units) accounted for the largest supplier of wooden office furniture to Saudi Arabia, accounting for 52% of total imports. Furthermore, imports of wooden office furniture from China exceeded the figures of Italy’s second largest supplier (197 thousand units) by five times. Poland was third in this ranking (101 thousand units), with a share of 5 .6%.