Belarus: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Belarus

The Belarusian wooden frame upholstered seat market totaled $X in 2022, with an increase of 11% against the previous year. In general, consumption showed prominent growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in Belarus

In value terms, wooden frame upholstered seat production amounted to $X in 2022 estimated in export price. In general, production saw buoyant growth. The growth pace was the most rapid in 2018 with an increase of 45% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Belarus

In 2022, after two years of growth, there was significant decline in overseas shipments of upholstered seats with wooden frames, when their volume decreased by -21.3% to X units. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 143%. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, wooden frame upholstered seat exports rose notably to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 101%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X units), Germany (X units) and Poland (X units) were the main destinations of wooden frame upholstered seat exports from Belarus, with a combined 75% share of total exports. Kazakhstan, Sweden, Belgium and the United States lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +120.4%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Germany ($X) and Poland ($X) constituted the largest markets for wooden frame upholstered seat exported from Belarus worldwide, with a combined 76% share of total exports. Kazakhstan, Sweden, Belgium and the United States lagged somewhat behind, together accounting for a further 16%.

Sweden, with a CAGR of +157.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, picking up by 39% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 71%. Over the period under review, the average export prices reached the maximum in 2022 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 Sweden ($X per unit), while the average price for exports to the United States ($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 Sweden (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Belarus

Wooden frame upholstered seat imports into Belarus totaled X units in 2022, increasing by 13% compared with the year before. In general, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by 131%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wooden frame upholstered seat imports surged to $X in 2022. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 151%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Turkey (X units) constituted the largest wooden frame upholstered seat supplier to Belarus, accounting for a 44% share of total imports. Moreover, wooden frame upholstered seat imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold. The third position in this ranking was taken by China (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +55.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+20.6% per year) and China (+11.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of upholstered seats with wooden frames to Belarus, comprising 40% of total imports. The second position in the ranking was held by Russia ($X), with an 18% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +55.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+20.7% per year) and China (+11.5% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2013 when the average import price increased by 13% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($X per unit) and Spain ($X per unit), while the price for Turkey ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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