The sold production of wooden furniture used in offices in Denmark has shown significant fluctuations from 2013 to 2023. After peaking in 2015 followed by a slight downturn, a substantial drop occurred in 2018, which rebounded by 2021. The year 2023 stood at 1.4927 million items, showing a small year-on-year increase of 1.61% from 2022. The compound annual growth rate (CAGR) from 2018 to 2023 was 18.28%, indicating a strong recovery in recent years.
Future trends to watch for:
- Continued moderate growth is forecasted with a CAGR of 1.18% over the next five years.
- Pay attention to fluctuations in demand due to remote and hybrid working trends.
- Sustainability and eco-friendliness in office furniture production may influence market dynamics.