In 2023, the import of furniture parts to Australia stood at approximately 290 million USD. Based on forecasted data, the values are expected to grow consistently from 2024 to 2028, reaching 338.26 million USD by the latter year. The year-on-year variation suggests incremental increases of around 3.3% to 3.9% annually. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is roughly 3.7%, indicating a steady upward trajectory in import values.
Future trends to watch for include potential increases in domestic manufacturing capabilities which could slow the rate of import growth, fluctuations in currency exchange rates impacting the cost of imports, and global trade policies which may affect the ease and expense of importing furniture parts into Australia.