Australia and Oceania: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Australia and Oceania

After two years of growth, the wooden frame upholstered seat market in Australia and Oceania decreased by -2.6% to $X in 2022. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Upholstered Seats With Wooden Frames in Australia and Oceania

In value terms, wooden frame upholstered seat production amounted to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with a decrease of 99.9% against the previous year. The level of production peaked at $X in 2018; afterwards, it flattened through to 2022.

Exports of Upholstered Seats With Wooden Frames

Exports in Australia and Oceania

In 2022, wooden frame upholstered seat exports in Australia and Oceania reduced rapidly to X units, falling by -16.3% compared with the previous year. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 83% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports skyrocketed to $X in 2022. In general, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 64%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Australia (X units) and New Zealand (X units) represented roughly 98% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Australia (with a CAGR of +12.4%).

In value terms, Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, New Zealand, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, increasing by 39% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.4%).

Imports of Upholstered Seats With Wooden Frames

Imports in Australia and Oceania

In 2022, purchases abroad of upholstered seats with wooden frames decreased by -10.7% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 25%. Over the period under review, imports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, wooden frame upholstered seat imports declined slightly to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

Australia represented the main importer of upholstered seats with wooden frames in Australia and Oceania, with the volume of imports accounting for X units, which was near 88% of total imports in 2022. It was distantly followed by New Zealand (X units), mixing up an 11% share of total imports.

Australia was also the fastest-growing in terms of the upholstered seats with wooden frames imports, with a CAGR of +2.1% from 2012 to 2022. At the same time, New Zealand (+1.1%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported upholstered seats with wooden frames in Australia and Oceania, comprising 86% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports.

In Australia, wooden frame upholstered seat imports expanded at an average annual rate of +4.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the import price increased by 24%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.2%).

Source: IndexBox Platform

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