Metal office furniture market in Greece

Earlier Report Observations

The Greek metal office furniture market experienced significant volatility between 2018 and 2024. After growing to $28.2 million in 2019, it contracted sharply to $15.6 million in 2020 as the COVID-19 pandemic disrupted business activity and reduced demand.

From 2021 onward, the market recovered steadily, reaching $21.5 million that year and continuing to grow to $23.7 million in 2022. This upward trend accelerated in 2023 and 2024, with the market size expanding to $32.1 million and then $41.9 million.

Production metal office furniture in Greece

In value, 2017-2020, K $ US

Greece's metal office furniture production experienced a two-year rise before declining. In 2019, output reached its peak at 23 580 K $ US, but in 2020, it fell sharply to 12 985 K $ US, marking a 44.9% decrease compared to the previous year. Over the 2017-2020 period, production decreased by 5%, with a compound annual growth rate (CAGR) of 1.7%. The largest increase occurred in 2019, at 46.8%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

Market performance showed noticeable fluctuations during the period. Production volumes peaked in 2019 at 252.3 K units, then dropped to a low of 92.7 K units in 2020, representing a 2.7-fold shift. In 2020, Greece produced 92.7 K units of metal office furniture, indicating a sharp decrease of 63.2% compared to the previous year. The largest increase was recorded in 2019, at 103.9%.

Annual dynamics of production in Greece in kind, 2017-2020, K unit

Exports metal office furniture from Greece

Exports in kind, K unit

In 2020, metal office furniture exports from Greece amounted to 542 K units, showing a dramatic decline of 28.4% versus the previous year. Over the 2017-2020 period, exports decreased by 18.4%, with a CAGR of 6.6%. The minimum value was recorded in 2018 at 476 K units, while the maximum was in 2019 at 757 K units. The largest decline occurred in 2018 at 28.4%, and the largest increase was in 2019 at 59.0%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, K unit

From 2017 to 2020, Cyprus (39.5% of exports in kind), Belgium (24.6% of exports in kind), and the United Kingdom (10.5% of exports in kind) consistently held the leading positions in the country structure of exports in kind. Together, they accounted for 74.6% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

After a two-year decline, metal office furniture shipments from Greece increased. In 2019, exports hit a low of 1 980 K $ US, but in 2020, they rose to 2 678 K $ US, up by 35.3% compared to the previous year. Over the 2017-2020 period, exports increased by 2.2%, with a CAGR of 0.7%. The largest decline was recorded in 2018 at 13.5%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

From 2017 to 2020, Belgium (37.7% of exports in value terms), Cyprus (30.0% of exports in value terms), and Germany (8.9% of exports in value terms) were the principal destinations for exports in value terms. Collectively, they represented 76.6% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports metal office furniture to Greece

Imports in kind, K unit

Volume of metal office furniture imports into Greece declined for the second consecutive year. In 2018, imports reached their maximum at 1 801 K units, but in 2020, they fell to 1 398 K units, corresponding to a strong loss of 17.7% relative to the prior year. Over the 2017-2020 period, imports increased by 4.9%, with a CAGR of 1.6%. The largest increase was recorded in 2018 at 35.2%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, K unit

Throughout 2017 to 2020, China (27.9% of imports in kind), Romania (27.8% of imports in kind), and Italy (8.2% of imports in kind) formed the core group of markets for imports in kind. Together, they represented 64.0% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

Greece's metal office furniture imports declined for the second consecutive year. In 2018, import volume peaked at 6 655 K $ US, but in 2020, it amounted to 5 262 K $ US, reflecting a decrease of 20.0% compared with 2019. Over the 2017-2020 period, imports decreased by 6.5%, with a CAGR of 2.2%. The largest increase was recorded in 2018 at 18.3%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

From 2017 to 2020, the leading destinations for imports in value terms of metal office furniture to Greece were Romania (26.7% of imports in value terms), China (14.6% of imports in value terms), and Italy (13.5% of imports in value terms). Jointly, they accounted for 54.8% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020