Bolivia: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Bolivia

The Bolivian wooden frame upholstered seat market contracted to $X in 2022, flattening at the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +5.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in Bolivia

In value terms, wooden frame upholstered seat production declined slightly to $X in 2022 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 55%. Wooden frame upholstered seat production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Bolivia

In 2022, exports of upholstered seats with wooden frames from Bolivia totaled X units, almost unchanged from the previous year. In general, exports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2015 with an increase of 578%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wooden frame upholstered seat exports stood at $X in 2022. Overall, exports showed a sharp curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 1,082%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units), Canada (X units) and Finland (X units) were the main destinations of wooden frame upholstered seat exports from Bolivia, with a combined 43% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

It was followed by the United States, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled -36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-18.0% per year) and the United States (-34.1% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, flattening at the previous year. Overall, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 74% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average 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 the UK ($X per unit), while the average price for exports to Nicaragua ($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 the UK (-6.8%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Wooden Frames

Imports into Bolivia

In 2022, supplies from abroad of upholstered seats with wooden frames increased by 41% to X units, rising for the second year in a row after two years of decline. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, wooden frame upholstered seat imports surged to $X in 2022. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 72%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Brazil (X units) constituted the largest wooden frame upholstered seat supplier to Bolivia, with a 56% share of total imports. Moreover, wooden frame upholstered seat imports from Brazil exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fourfold. The third position in this ranking was held by China (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+48.2% per year) and China (+1.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of upholstered seats with wooden frames to Bolivia, comprising 76% of total imports. The second position in the ranking was held by Vietnam ($X), with a 7.9% share of total imports. It was followed by China, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+46.4% per year) and China (-3.0% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, shrinking by -7.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 24%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform