Finland: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Finland

After two years of growth, the Finnish wooden frame upholstered seat market decreased by -10.7% to $X in 2022. Overall, consumption recorded a relatively flat trend pattern. Wooden frame upholstered seat consumption peaked at $X in 2021, and then fell in the following year.

Production of Upholstered Seats With Wooden Frames in Finland

In value terms, wooden frame upholstered seat production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13%. Wooden frame upholstered seat production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Finland

Wooden frame upholstered seat exports from Finland soared to X units in 2022, jumping by 177% on the previous year's figure. Overall, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wooden frame upholstered seat exports soared to $X in 2022. In general, exports posted a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units), Estonia (X units) and Denmark (X units) were the main destinations of wooden frame upholstered seat exports from Finland, with a combined 44% share of total exports. Germany, Russia, Norway, the United States, France, Kazakhstan, Switzerland, Ireland, Lithuania and the Netherlands lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +65.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame upholstered seat exported from Finland were Sweden ($X), Estonia ($X) and Denmark ($X), together accounting for 44% of total exports. Germany, Russia, Norway, the United States, France, Kazakhstan, Switzerland, Ireland, Lithuania and the Netherlands lagged somewhat behind, together accounting for a further 41%.

In terms of the main countries of destination, Ireland, with a CAGR of +71.9%, saw the highest growth rate of the value of exports, 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, waning by -46.9% against the previous year. Overall, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 19% against the previous year. The export price peaked at $X per unit in 2021, and then fell remarkably in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lithuania ($X per unit) and Germany ($X per unit), while the average price for exports to Kazakhstan ($X per unit) and Ireland ($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 Ireland (+3.8%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Wooden Frames

Imports into Finland

In 2022, after two years of growth, there was decline in purchases abroad of upholstered seats with wooden frames, when their volume decreased by -1.6% to X units. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +21.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of X units, and then shrank slightly in the following year.

In value terms, wooden frame upholstered seat imports reduced to $X in 2022. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +9.8% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 30%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

Estonia (X units), Lithuania (X units) and Poland (X units) were the main suppliers of wooden frame upholstered seat imports to Finland, with a combined 63% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +17.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat suppliers to Finland were Estonia ($X), Lithuania ($X) and Poland ($X), with a combined 64% share of total imports.

Among the main suppliers, Lithuania, with a CAGR of +16.8%, 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

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, dropping by -3.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 13%. The import price peaked 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 highest price was recorded for prices from China ($X per unit) and Romania ($X per unit), while the price for Sweden ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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