Chile: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Chile

The Chilean wooden frame upholstered seat market shrank to $X in 2022, waning by -12.8% 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, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X, and then declined in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from Chile

In 2022, overseas shipments of upholstered seats with wooden frames increased by 38% to X units, rising for the third consecutive year after four years of decline. In general, exports posted a noticeable expansion. The pace of growth appeared the most rapid in 2013 with an increase of 61% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports rose slightly to $X in 2022. Over the period under review, total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 37% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X units), the United States (X units) and Spain (X units) were the main destinations of wooden frame upholstered seat exports from Chile, together accounting for 62% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +38.9%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X) remains the key foreign market for upholstered seats with wooden frames exports from Chile, comprising 44% of total exports. The second position in the ranking was held by Peru ($X), with a 9.9% share of total exports. It was followed by the United States, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia totaled +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-13.8% per year) and the United States (+8.9% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, with a decrease of -25.5% against the previous year. Over the period under review, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Ecuador ($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 Mexico (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Chile

In 2022, wooden frame upholstered seat imports into Chile dropped to X units, falling by -13.7% compared with the previous year's figure. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 97%. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, wooden frame upholstered seat imports fell to $X in 2022. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 145%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame upholstered seat supplier to Chile, accounting for a 79% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sixfold. The third position in this ranking was held by Vietnam (X units), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-2.7% per year) and Vietnam (+16.6% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Chile, comprising 73% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 10% share of total imports. It was followed by Malaysia, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+32.4% per year) and Malaysia (-3.2% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, increasing by 1.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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