Brazil: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Brazil

The Brazilian wooden frame upholstered seat market dropped slightly to $X in 2022, remaining stable against the previous year. Overall, consumption saw a slight contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in Brazil

In value terms, wooden frame upholstered seat production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by 51% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports from Brazil

In 2022, after four years of growth, there was significant decline in overseas shipments of upholstered seats with wooden frames, when their volume decreased by -15.4% to X units. Overall, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 78% against the previous year. The exports peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, wooden frame upholstered seat exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 85% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X units), Uruguay (X units) and Bolivia (X units) were the main destinations of wooden frame upholstered seat exports from Brazil, together comprising 63% of total exports. Chile, Paraguay, the Dominican Republic, Panama, Canada, Ecuador, Argentina and Angola lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +74.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame upholstered seat exported from Brazil were the United States ($X), Uruguay ($X) and Bolivia ($X), with a combined 64% share of total exports. Chile, Paraguay, Panama, the Dominican Republic, Ecuador, Angola, Argentina and Canada lagged somewhat behind, together comprising a further 24%.

Canada, with a CAGR of +46.5%, saw the highest growth rate of the value of exports, in terms of 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, increasing by 35% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame upholstered seat export price increased by +57.1% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Canada ($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 Argentina (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Brazil

In 2022, approx. X units of upholstered seats with wooden frames were imported into Brazil; shrinking by -32.9% on the previous year's figure. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 81%. Over the period under review, imports hit record highs at X units in 2021, and then contracted sharply in the following year.

In value terms, wooden frame upholstered seat imports fell markedly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 61% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main wooden frame upholstered seat supplier to Brazil, accounting for a 97% share of total imports. It was followed by Malaysia (X units), with a 0.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +8.5%.

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Brazil, comprising 64% of total imports. The second position in the ranking was held by Malaysia ($X), with a 0.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +1.4%.

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, growing by 18% against the previous year. In general, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2013 an increase of 39% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.5%).

Source: IndexBox Platform

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