Australia: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Australia

For the third year in a row, the Australian wooden frame upholstered seat market recorded growth in sales value, which increased by 2.2% to $X in 2022. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Exports of Upholstered Seats With Wooden Frames

Exports from Australia

In 2022, approx. X units of upholstered seats with wooden frames were exported from Australia; surging by 6.7% on the year before. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 69% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wooden frame upholstered seat exports skyrocketed to $X in 2022. Overall, exports saw strong growth. The pace of growth was the most pronounced in 2017 with an increase of 100% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; afterwards, it flattened through to 2022.

Exports by Country

New Zealand (X units) was the main destination for wooden frame upholstered seat exports from Australia, with a 67% share of total exports. Moreover, wooden frame upholstered seat exports to New Zealand exceeded the volume sent to the second major destination, Singapore (X units), ninefold. The third position in this ranking was taken by the United States (X units), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-1.0% per year) and the United States (+47.7% per year).

In value terms, New Zealand ($X) remains the key foreign market for upholstered seats with wooden frames exports from Australia, comprising 40% of total exports. The second position in the ranking was taken by the United States ($X), with an 18% share of total exports. It was followed by Singapore, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+46.8% per year) and Singapore (+8.0% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, rising by 20% against the previous year. Overall, the export price, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2020 an increase of 62%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to China ($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 Singapore (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Upholstered Seats With Wooden Frames

Imports into Australia

After two years of growth, overseas purchases of upholstered seats with wooden frames decreased by -7.4% to X units in 2022. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden frame upholstered seat imports expanded slightly to $X in 2022. Overall, total imports indicated a perceptible 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 +28.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame upholstered seat to Australia, with a 73% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sevenfold. The third position in this ranking was held by Vietnam (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+1.0% per year) and Vietnam (+8.9% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Australia, comprising 74% of total imports. The second position in the ranking was held by Vietnam ($X), with a 10% share of total imports. It was followed by Malaysia, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+19.5% per year) and Malaysia (-1.6% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2021 an increase of 23% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Thailand ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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