Southern Asia: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Southern Asia

The South Asian metal office furniture market expanded to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a slight descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Metal Office Furniture Production in Southern Asia

In value terms, metal office furniture production dropped modestly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Metal Office Furniture Exports

Exports in Southern Asia

After two years of growth, overseas shipments of metal office furniture decreased by X% to X tons in 2023. Overall, exports, however, saw temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then fell in the following year.

In value terms, metal office furniture exports fell sharply to $X in 2023. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then declined rapidly in the following year.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the metal office furniture exports, with a CAGR of X% from 2012 to 2023. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest metal office furniture supplier in Southern Asia.

From 2012 to 2023, the average annual growth rate of value in India totaled X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Metal Office Furniture Imports

Imports in Southern Asia

In 2023, supplies from abroad of metal office furniture increased by X% to X tons, rising for the second year in a row after three years of decline. Total imports indicated a pronounced expansion from 2012 to 2023: its volume 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 2021 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, metal office furniture imports skyrocketed to $X in 2023. Overall, imports showed a slight expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

India prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2023. It was distantly followed by Nepal (X tons), achieving a X% share of total imports. Bangladesh (X tons), Maldives (X tons) and Bhutan (X tons) took a relatively small share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Maldives (X%), Bhutan (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India, Nepal and Maldives increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, metal office furniture imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Nepal (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, remaining constant against the previous year. Overall, the import price showed a mild descent. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Bangladesh ($X per ton) and Nepal ($X per ton), while Maldives ($X per ton) and Bhutan ($X per ton) were amongst the lowest.

From 2012 to 2023, 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