Finland: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Finland

The Finnish metal frame upholstered seat market skyrocketed to $X in 2021, with an increase of 17% against the previous year. In general, consumption saw a pronounced expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Production of Upholstered Seats With Metal Frames in Finland

In value terms, metal frame upholstered seat production shrank rapidly to $X in 2021 estimated in export price. Overall, production faced a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 11%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Upholstered Seats With Metal Frames

Exports from Finland

Metal frame upholstered seat exports from Finland surged to X units in 2021, picking up by 22% against 2020. In general, exports, however, recorded a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 75%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal frame upholstered seat exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a drastic downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X units), Sweden (X units) and Lithuania (X units) were the main destinations of metal frame upholstered seat exports from Finland, together accounting for 49% of total exports. Norway, Russia, the UK, the United States, Latvia, Germany, the Netherlands, France, Denmark and Japan lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +39.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal frame upholstered seat exported from Finland were Estonia ($X), Sweden ($X) and Lithuania ($X), together comprising 49% of total exports. These countries were followed by Norway, Russia, the UK, the United States, Latvia, Germany, the Netherlands, France, Denmark and Japan, which together accounted for a further 35%.

The UK, with a CAGR of +43.2%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, shrinking by -5.5% against the previous year. In general, the export price, however, recorded temperate growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 296%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Japan ($X per unit) and the United States ($X per unit), while the average price for exports to Sweden ($X per unit) and Lithuania ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Metal Frames

Imports into Finland

In 2021, imports of upholstered seats with metal frames into Finland surged to X units, with an increase of 20% compared with the year before. In general, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 6,784% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, metal frame upholstered seat imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 25% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

From 2012 to 2021, the average annual growth rate of volume from No country was relatively modest.

In value terms, China ($X), Sweden ($X) and Italy ($X) constituted the largest metal frame upholstered seat suppliers to Finland, together accounting for 73% of total imports. These countries were followed by Germany, Denmark, Poland, Vietnam, Estonia, Norway, France, the UK, Canada and Austria, which together accounted for a further 21%.

Among the main suppliers, Canada, with a CAGR of +12.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2019, growing by 7,410% against the previous year. In general, the import price recorded significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Denmark (+151.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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