Canada: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Canada

The Canadian metal frame upholstered seat market skyrocketed to $X in 2021, jumping by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +102.4% against 2013 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Upholstered Seats With Metal Frames

Exports from Canada

After four years of decline, shipments abroad of upholstered seats with metal frames increased by 7.5% to X units in 2021. Overall, exports, however, saw a mild descent. The most prominent rate of growth was recorded in 2014 when exports increased by 20%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal frame upholstered seat exports expanded remarkably to $X in 2021. In general, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -22.6% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 19% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for metal frame upholstered seat exports from Canada, accounting for a 94% share of total exports. It was followed by China (X units), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -2.1%.

In value terms, the United States ($X) remains the key foreign market for upholstered seats with metal frames exports from Canada, comprising 94% of total exports. The second position in the ranking was taken by China ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +2.4%.

Export Prices by Country

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, rising by 3.7% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal frame upholstered seat export price increased by +67.8% against 2014 indices. The growth pace was the most rapid in 2017 when the average export price increased by 23%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.6%).

Imports of Upholstered Seats With Metal Frames

Imports into Canada

In 2021, approx. X units of upholstered seats with metal frames were imported into Canada; jumping by 22% compared with 2020 figures. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 39%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, metal frame upholstered seat imports soared to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 30% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal frame upholstered seat to Canada, accounting for a 68% share of total imports. Moreover, metal frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was taken by Vietnam (X units), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.7% per year) and Vietnam (+26.6% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Canada, comprising 68% of total imports. The second position in the ranking was held by the United States ($X), with a 9.7% share of total imports. It was followed by Vietnam, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.7% per year) and Vietnam (+27.9% per year).

Import Prices by Country

In 2021, the average metal frame upholstered seat import price amounted to $X per unit, picking up by 3.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2016 an increase of 13% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Mexico ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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