Colombia: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Colombia

The Colombian wooden frame non-upholstered seat market expanded to $X in 2022, surging by 3.9% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wooden frame non-upholstered seat consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Non-Upholstered Seats With Wooden Frames in Colombia

In value terms, wooden frame non-upholstered seat production expanded notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% 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 2020 when the production volume increased by 33%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Colombia

In 2022, overseas shipments of non-upholstered seats with wooden frames were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2019 when exports increased by 93% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wooden frame non-upholstered seat exports skyrocketed to $X in 2022. Overall, exports, however, showed a deep slump. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for wooden frame non-upholstered seat exports from Colombia, accounting for a 66% share of total exports. Moreover, wooden frame non-upholstered seat exports to the United States exceeded the volume sent to the second major destination, Panama (X units), fourfold. Ecuador (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-33.1% per year) and Ecuador (+31.1% per year).

In value terms, the United States ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from Colombia, comprising 69% of total exports. The second position in the ranking was held by Italy ($X), with a 9.2% share of total exports. It was followed by Panama, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+61.6% per year) and Panama (-32.8% per year).

Export Prices by Country

In 2022, the average wooden frame non-upholstered seat export price amounted to $X per unit, picking up by 35% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame non-upholstered seat export price decreased by -15.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 69% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

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 Costa Rica ($X per unit), while the average price for exports to Panama ($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 Italy (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Colombia

In 2022, imports of non-upholstered seats with wooden frames into Colombia shrank significantly to X units, with a decrease of -19.6% against the previous year. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 120% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then reduced dramatically in the following year.

In value terms, wooden frame non-upholstered seat imports contracted rapidly to $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 74%. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of wooden frame non-upholstered seat to Colombia, accounting for a 92% share of total imports. It was followed by Malaysia (X units), with a 2% share of total imports. The third position in this ranking was held by Indonesia (X units), with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+12.5% per year) and Indonesia (-7.7% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with wooden frames to Colombia, comprising 73% of total imports. The second position in the ranking was held by Indonesia ($X), with a 5.5% share of total imports. It was followed by Malaysia, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-3.6% per year) and Malaysia (+14.1% per year).

Import Prices by Country

In 2022, the average wooden frame non-upholstered seat import price amounted to $X per unit, which is down by -2.2% against the previous year. Over the period under review, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 14%. The import price peaked at $X per unit in 2013; however, from 2014 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 Indonesia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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