Argentina: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Argentina

In 2022, the Argentinian wooden frame upholstered seat market decreased by -11.8% to $X, falling for the fourth year in a row after three years of growth. Overall, consumption, however, recorded a notable expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports from Argentina

In 2022, shipments abroad of upholstered seats with wooden frames increased by 410% to X units, rising for the second consecutive year after two years of decline. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports soared to $X in 2022. In general, exports, however, recorded a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay (X units) was the main destination for wooden frame upholstered seat exports from Argentina, with a 65% share of total exports. Moreover, wooden frame upholstered seat exports to Uruguay exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Paraguay (X units), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.3% per year) and Paraguay (-3.0% per year).

In value terms, Uruguay ($X) emerged as the key foreign market for upholstered seats with wooden frames exports from Argentina, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 21% share of total exports. It was followed by Chile, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Uruguay totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.4% per year) and Chile (-11.8% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, shrinking by -27.3% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+1.4%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Wooden Frames

Imports into Argentina

In 2022, supplies from abroad of upholstered seats with wooden frames decreased by -8.9% to X units, falling for the fourth consecutive year after three years of growth. Overall, imports, however, continue to indicate perceptible growth. The pace of growth was the most pronounced in 2017 with an increase of 116%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, wooden frame upholstered seat imports dropped to $X in 2022. Over the period under review, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by 105% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame upholstered seat to Argentina, accounting for a 79% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. Brazil (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+14.2% per year) and Brazil (-1.1% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Argentina, comprising 61% of total imports. The second position in the ranking was held by Brazil ($X), with a 16% share of total imports. It was followed by Vietnam, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+5.6% per year) and Vietnam (+18.7% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, surging by 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2013 an increase of 55%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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