Australia: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Australia

For the third consecutive year, the Australian wooden frame non-upholstered seat market recorded growth in sales value, which increased by 16% to $X in 2022. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.4% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Australia

In 2022, exports of non-upholstered seats with wooden frames from Australia contracted markedly to X units, falling by -42.6% against 2021. In general, exports saw a perceptible descent. The pace of growth was the most pronounced in 2019 when exports increased by 291%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports skyrocketed to $X in 2022. Overall, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 183%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for wooden frame non-upholstered seat exports from Australia, with a 50% share of total exports. Moreover, wooden frame non-upholstered seat exports to New Zealand exceeded the volume sent to the second major destination, the United States (X units), twofold. Singapore (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+90.9% per year) and Singapore (+10.8% per year).

In value terms, New Zealand ($X), Singapore ($X) and the United States ($X) were the largest markets for wooden frame non-upholstered seat exported from Australia worldwide, with a combined 74% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +112.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wooden frame non-upholstered seat export price amounted to $X per unit, rising by 108% against the previous year. In general, the export price recorded a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Indonesia ($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 New Zealand (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Australia

In 2022, supplies from abroad of non-upholstered seats with wooden frames increased by 1.7% to X units, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wooden frame non-upholstered seat imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +57.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame non-upholstered seat to Australia, accounting for a 48% share of total imports. Moreover, wooden frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), twofold. Indonesia (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-3.7% per year) and Indonesia (+1.5% per year).

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) appeared to be the largest wooden frame non-upholstered seat suppliers to Australia, together comprising 76% of total imports. Italy, Malaysia, Poland and Thailand lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Italy, with a CAGR of +14.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, surging by 15% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame non-upholstered seat import price increased by +71.9% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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