Canada: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Canada

In 2022, the Canadian wooden frame upholstered seat market increased by 6.9% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; afterwards, it flattened through to 2022.

Production of Upholstered Seats With Wooden Frames in Canada

In value terms, wooden frame upholstered seat production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Canada

In 2022, wooden frame upholstered seat exports from Canada surged to X units, growing by 22% on the year before. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, wooden frame upholstered seat exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for wooden frame upholstered seat exports from Canada, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +2.9%.

In value terms, the United States ($X) also remains the key foreign market for upholstered seats with wooden frames exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +4.7%.

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, declining by -6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 when the average export price increased by 11% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.8% per year.

Imports of Upholstered Seats With Wooden Frames

Imports into Canada

In 2022, approx. X units of upholstered seats with wooden frames were imported into Canada; which is down by -2.1% against the year before. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of X units, and then shrank modestly in the following year.

In value terms, wooden frame upholstered seat imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Vietnam (X units) were the main suppliers of wooden frame upholstered seat imports to Canada, with a combined 79% share of total imports. Italy, Mexico, Malaysia and Thailand lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +18.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat suppliers to Canada were China ($X), the United States ($X) and Vietnam ($X), with a combined 79% share of total imports. Italy, Mexico, Malaysia and Thailand lagged somewhat behind, together accounting for a further 13%.

Thailand, with a CAGR of +19.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, increasing by 15% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and Mexico ($X per unit), while the price for Malaysia ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :