https://www.johnlewis.com/lego-4020-wooden-2x2-desk-drawer/p...
I understand that is a steal if compared to the 90 UK pounds for 3 (three) wooden pegs:
https://www.johnlewis.com/lego-4016-wooden-1x1-wall-hanger-s...
The only adjective that comes to my mind is "outrageous".
The price is outrageous compared to something from Jysk (Danish version of Ikea), and I wouldn't buy it, but it is within the general price range of Danish designer furniture.
Example, £200 for a 150cm oak shelf: https://www.bolia.com/da-dk/produkter/04-008-11_15934774/
I would not be that sure, the description talks of "solid oak & veneer", but given that it is all solid oak (the drawer is most probably veneer), it is anyway an industrial product.
Dimensions: H11.3 x W15.8 x D15.8cm
Using approximate measures an 1.5 cm for thickness to consider waste, I get:
Back+back of drawer+front of drawer=3x0.12x0.16x0.015=0.000864
Bottom+Top+bottom of drawer=3x0.16x0.16x0.015=0.001152
sides+sides of drawer=4x0.16x0.12x0.015=0.001152
wooden pegs=4xPix0.02x0.02x0.03=0.000151
total 0.003319 m3, let's add some 20% more, 0,004
20/0.004=5,000pounds/m3
30/0.004=7,500 pounds/m3
I think a very fine european oak should sell retail for 2,000 pounds/m3 or less.