Slovakia: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Slovakia

The Slovak wooden office furniture market surged to $X in 2023, increasing by X% against the previous year. In general, the total consumption indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Wooden office furniture consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Wooden Office Furniture Production in Slovakia

In value terms, wooden office furniture production soared to $X in 2023 estimated in export price. In general, production enjoyed strong growth. 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 2023, production growth remained at a lower figure.

Wooden Office Furniture Exports

Exports from Slovakia

In 2023, after two years of growth, there was significant decline in overseas shipments of wooden furniture of a kind used in offices, when their volume decreased by X% to X units. Overall, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, wooden office furniture exports reduced sharply to $X in 2023. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for wooden office furniture exports from Slovakia, accounting for a X% share of total exports. Moreover, wooden office furniture exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. The third position in this ranking was held by Austria (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Austria (X% per year).

In value terms, Germany ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Poland (X% per year).

Export Prices by Country

In 2023, the average wooden office furniture export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Slovakia

In 2023, purchases abroad of wooden furniture of a kind used in offices decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2022, and then fell rapidly in the following year.

In value terms, wooden office furniture imports contracted rapidly to $X in 2023. In general, total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Poland (X units), the Czech Republic (X units) and Ukraine (X units) were the main suppliers of wooden office furniture imports to Slovakia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (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 Slovakia were the Czech Republic ($X), Poland ($X) and Sweden ($X), with a combined X% share of total imports. Lithuania, Germany, Ukraine, Austria and Hungary lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2023, rising by X% against the previous year. In general, the import price, however, saw a noticeable reduction. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform