Colombia: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Colombia

The Colombian wooden frame upholstered seat market reduced to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wooden frame upholstered seat consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in Colombia

In value terms, wooden frame upholstered seat production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports from Colombia

In 2022, approx. X units of upholstered seats with wooden frames were exported from Colombia; falling by -32.5% against the year before. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 202%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports dropped dramatically to $X in 2022. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 140% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X units), Ecuador (X units) and Peru (X units) were the main destinations of wooden frame upholstered seat exports from Colombia, with a combined 62% share of total exports. Venezuela, the United States, Aruba and Costa Rica lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Aruba (with a CAGR of +63.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Ecuador ($X) remains the key foreign market for upholstered seats with wooden frames exports from Colombia, comprising 45% of total exports. The second position in the ranking was held by Panama ($X), with a 16% share of total exports. It was followed by Peru, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-10.5% per year) and Peru (-2.2% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, surging by 4.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 43% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the 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 Ecuador ($X per unit), while the average price for exports to Venezuela ($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 Canada (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Colombia

In 2022, the amount of upholstered seats with wooden frames imported into Colombia dropped to X units, waning by -10.9% against 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 53%. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wooden frame upholstered seat imports reduced to $X in 2022. In general, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame upholstered seat supplier to Colombia, with a 89% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +1.8%.

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Colombia, comprising 70% of total imports. The second position in the ranking was held by Malaysia ($X), with a 3.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -2.6%.

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, increasing by 2.4% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2013 an increase of 33% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.1%).

Source: IndexBox Platform

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