Croatia: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Croatia

In 2022, the Croatian wooden frame upholstered seat market increased by 12% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a mild shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in Croatia

In value terms, wooden frame upholstered seat production expanded significantly to $X in 2022 estimated in export price. In general, production saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Croatia

After three years of growth, shipments abroad of upholstered seats with wooden frames decreased by -45.6% to X units in 2022. Overall, exports, however, enjoyed a temperate increase. The growth pace was the most rapid in 2019 with an increase of 63%. The exports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, wooden frame upholstered seat exports rose to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +86.2% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Austria (X units), Germany (X units) and Italy (X units) were the main destinations of wooden frame upholstered seat exports from Croatia, together comprising 73% of total exports. Belgium, the Netherlands, France, Slovenia, Serbia, Switzerland, Bosnia and Herzegovina and Slovakia lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +36.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame upholstered seat exported from Croatia were Austria ($X), Germany ($X) and Italy ($X), with a combined 73% share of total exports. Belgium, the Netherlands, France, Slovenia, Serbia, Switzerland, Bosnia and Herzegovina and Slovakia lagged somewhat behind, together accounting for a further 20%.

Belgium, with a CAGR of +39.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, jumping by 90% against the previous year. Over the period under review, the export price saw mild growth. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bosnia and Herzegovina ($X per unit) and Switzerland ($X per unit), while the average price for exports to Slovakia ($X per unit) and Serbia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Croatia

In 2022, approx. X units of upholstered seats with wooden frames were imported into Croatia; which is down by -25.5% compared with 2021 figures. Overall, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of X units, and then fell dramatically in the following year.

In value terms, wooden frame upholstered seat imports stood at $X in 2022. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +28.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Bosnia and Herzegovina (X units) constituted the largest supplier of wooden frame upholstered seat to Croatia, with a 35% share of total imports. Moreover, wooden frame upholstered seat imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. The third position in this ranking was held by Italy (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bosnia and Herzegovina amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.4% per year) and Italy (+2.9% per year).

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of upholstered seats with wooden frames to Croatia, comprising 35% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Bosnia and Herzegovina amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+7.4% per year) and Italy (+4.9% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, with an increase of 44% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hungary ($X per unit) and North Macedonia ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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