CIS: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in CIS

In 2021, the CIS metal frame upholstered seat market increased by 19% to $X, rising for the fifth year in a row after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Upholstered Seats With Metal Frames in CIS

In value terms, metal frame upholstered seat production rose markedly to $X in 2021 estimated in export price. Overall, production saw a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of 29%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Upholstered Seats With Metal Frames

Exports in CIS

In 2021, overseas shipments of upholstered seats with metal frames increased by 100% to X units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal frame upholstered seat exports surged to $X in 2021. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by 64%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Russia (X units) was the largest exporter of upholstered seats with metal frames, constituting 67% of total exports. It was distantly followed by Belarus (X units), mixing up a 31% share of total exports.

Russia was also the fastest-growing in terms of the upholstered seats with metal frames exports, with a CAGR of +25.5% from 2012 to 2021. At the same time, Belarus (+12.2%) displayed positive paces of growth. From 2012 to 2021, the share of Russia increased by +24 percentage points.

In value terms, the largest metal frame upholstered seat supplying countries in the CIS were Belarus ($X) and Russia ($X).

In terms of the main exporting countries, Russia, with a CAGR of +18.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, declining by -21.2% against the previous year. Over the period under review, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 when the export price increased by 22% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Russia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+0.5%).

Imports of Upholstered Seats With Metal Frames

Imports in CIS

In 2021, metal frame upholstered seat imports in the CIS expanded significantly to X units, growing by 15% on the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, metal frame upholstered seat imports surged to $X in 2021. Overall, imports enjoyed a modest expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X units) represented the main importer of upholstered seats with metal frames, mixing up 65% of total imports. It was distantly followed by Kazakhstan (X units) and Belarus (X units), together achieving a 22% share of total imports. Armenia (X units), Moldova (X units) and Uzbekistan (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal frame upholstered seat imports into Russia stood at -2.7%. At the same time, Uzbekistan (+58.0%), Belarus (+13.6%), Armenia (+10.8%), Moldova (+8.1%) and Kazakhstan (+7.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +58.0% from 2012-2021. From 2012 to 2021, the share of Kazakhstan, Belarus, Armenia, Uzbekistan and Moldova increased by +7.4, +4.8, +2.7, +2.6 and +1.5 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported upholstered seats with metal frames in the CIS, comprising 72% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total imports. It was followed by Belarus, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+7.8% per year) and Belarus (+14.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, increasing by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2019 when the import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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