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

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

In 2022, after three years of growth, there was significant decline in the Finnish wooden frame non-upholstered seat market, when its value decreased by -9% to $X. In general, consumption, however, saw a relatively flat trend pattern. Wooden frame non-upholstered seat consumption peaked at $X in 2021, and then reduced in the following year.

Production of Non-Upholstered Seats With Wooden Frames in Finland

In value terms, wooden frame non-upholstered seat production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2016 with an increase of 137%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Finland

After four years of decline, shipments abroad of non-upholstered seats with wooden frames increased by 49% to X units in 2022. Overall, exports, however, showed a deep downturn. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports soared to $X in 2022. In general, exports showed a perceptible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for wooden frame non-upholstered seat exports from Finland, with a 42% share of total exports. Moreover, wooden frame non-upholstered seat exports to Germany exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was taken by the United States (X units), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.5% per year) and the United States (-18.7% per year).

In value terms, Germany ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from Finland, comprising 42% of total exports. The second position in the ranking was taken by China ($X), with a 19% share of total exports. It was followed by the United States, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+20.9% per year) and the United States (-11.0% 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 8.5% against the previous year. Overall, the export price showed a buoyant expansion. The growth pace was the most rapid in 2021 when the average export price increased by 50% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per unit) and China ($X per unit), while the average price for exports to Denmark ($X per unit) and Switzerland ($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 Australia (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Finland

Wooden frame non-upholstered seat imports into Finland reduced notably to X units in 2022, falling by -19.6% on 2021. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wooden frame non-upholstered seat imports amounted to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Estonia (X units), China (X units) and Poland (X units) were the main suppliers of wooden frame non-upholstered seat imports to Finland, with a combined 40% share of total imports. Lithuania, Vietnam, Sweden, Denmark, Romania, Indonesia, the Netherlands, Italy, Germany and Malaysia lagged somewhat behind, together comprising a further 51%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +19.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame non-upholstered seat suppliers to Finland were Estonia ($X), China ($X) and Poland ($X), together accounting for 40% of total imports. Lithuania, Vietnam, Sweden, Denmark, Romania, Indonesia, the Netherlands, Italy, Germany and Malaysia lagged somewhat behind, together accounting for a further 51%.

Denmark, with a CAGR of +25.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, jumping by 26% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 import price increased by +23.8% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per unit) and Indonesia ($X per unit), while the price for Malaysia ($X per unit) and Denmark ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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