Belarus: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Belarus

In 2023, the Belarusian wooden office furniture market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption showed a abrupt curtailment. Wooden office furniture consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Wooden Office Furniture Production in Belarus

In value terms, wooden office furniture production expanded modestly to $X in 2023 estimated in export price. In general, production, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Wooden Office Furniture Exports

Exports from Belarus

In 2023, approx. X units of wooden furniture of a kind used in offices were exported from Belarus; growing by X% compared with the previous year. In general, exports, however, recorded a abrupt decrease. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, wooden office furniture exports surged to $X in 2023. Overall, exports, however, recorded a perceptible contraction. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for wooden office furniture exports from Belarus, accounting for a X% share of total exports. Moreover, wooden office furniture exports to Russia exceeded the volume sent to the second major destination, Poland (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

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

From 2012 to 2023, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average wooden office furniture export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price, however, posted a mild expansion. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per unit) and Kazakhstan ($X per unit), while the average price for exports to Poland ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2012 to 2023, 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 Belarus

In 2023, the amount of wooden furniture of a kind used in offices imported into Belarus surged to X units, growing by X% on 2022. In general, imports continue to indicate a tangible increase. Imports peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, wooden office furniture imports skyrocketed to $X in 2023. Over the period under review, imports, however, recorded a mild downturn. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Turkey (X units), Italy (X units) and Lithuania (X units) were the main suppliers of wooden office furniture imports to Belarus, together accounting for X% of total imports. Poland and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture suppliers to Belarus were Turkey ($X), Italy ($X) and China ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2023, the average wooden office furniture import price amounted to $X per unit, flattening at the previous year. Over the period under review, the import price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked 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 China ($X per unit), while the price for Lithuania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform