Europe: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Europe

In 2022, the Europe wooden frame upholstered seat market increased by 7.5% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Upholstered Seats With Wooden Frames in Europe

In value terms, wooden frame upholstered seat production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 13%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports in Europe

In 2022, after three years of growth, there was significant decline in overseas shipments of upholstered seats with wooden frames, when their volume decreased by -7.5% to X units. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +102.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, wooden frame upholstered seat exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Poland (X units) was the major exporter of upholstered seats with wooden frames, achieving 48% of total exports. Italy (X units) ranks second in terms of the total exports with a 17% share, followed by Romania (4.6%). Lithuania (X units), Germany (X units), Denmark (X units), Slovakia (X units), the Netherlands (X units) and Portugal (X units) held a little share of total exports.

Poland was also the fastest-growing in terms of the upholstered seats with wooden frames exports, with a CAGR of +11.0% from 2012 to 2022. At the same time, Portugal (+9.6%), Romania (+5.8%), Denmark (+5.1%), Lithuania (+4.6%), Slovakia (+4.0%), the Netherlands (+2.2%) and Italy (+1.5%) displayed positive paces of growth. By contrast, Germany (-4.3%) illustrated a downward trend over the same period. While the share of Poland (+20 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (-4.8 p.p.) and Italy (-7.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), Italy ($X) and Romania ($X) constituted the countries with the highest levels of exports in 2022, with a combined 61% share of total exports. Lithuania, Germany, Denmark, the Netherlands, Portugal and Slovakia lagged somewhat behind, together comprising a further 18%.

Portugal, with a CAGR of +11.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, surging by 4.6% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The growth pace was the most rapid in 2018 when the export price increased by 33%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while Poland ($X per unit) was amongst the lowest.

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

Imports of Upholstered Seats With Wooden Frames

Imports in Europe

In 2022, supplies from abroad of upholstered seats with wooden frames decreased by -28% to X units for the first time since 2018, thus ending a three-year rising trend. Total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% 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 when imports increased by 33%. As a result, imports attained the peak of X units, and then fell notably in the following year.

In value terms, wooden frame upholstered seat imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

The purchases of the three major importers of upholstered seats with wooden frames, namely Germany, the UK and France, represented more than half of total import. It was distantly followed by the Netherlands (X units) and Switzerland (X units), together creating an 11% share of total imports. The following importers - Denmark (X units), Belgium (X units), Sweden (X units), Austria (X units), Russia (X units), Norway (X units), Italy (X units) and Spain (X units) - together made up 22% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +6.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat importing markets in Europe were Germany ($X), the UK ($X) and France ($X), with a combined 55% share of total imports. The Netherlands, Switzerland, Denmark, Belgium, Sweden, Austria, Norway, Italy, Spain and Russia lagged somewhat behind, together comprising a further 33%.

Denmark, with a CAGR of +7.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, growing by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform