Greece: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Greece

In 2022, the Greek wooden frame upholstered seat market increased by 1.7% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, posted a buoyant increase. Wooden frame upholstered seat consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Upholstered Seats With Wooden Frames in Greece

In value terms, wooden frame upholstered seat production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed strong growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 161% against the previous year. Wooden frame upholstered seat production peaked in 2022 and is likely to see steady growth in years to come.

Exports of Upholstered Seats With Wooden Frames

Exports from Greece

Wooden frame upholstered seat exports from Greece declined sharply to X units in 2022, with a decrease of -21.6% on 2021 figures. Over the period under review, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2019 when exports increased by 72% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports expanded slightly to $X in 2022. Overall, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 70% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Cyprus (X units) was the main destination for wooden frame upholstered seat exports from Greece, with a 26% share of total exports. Moreover, wooden frame upholstered seat exports to Cyprus exceeded the volume sent to the second major destination, Germany (X units), twofold. Bulgaria (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.1% per year) and Bulgaria (+11.2% per year).

In value terms, Cyprus ($X) remains the key foreign market for upholstered seats with wooden frames exports from Greece, comprising 26% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Bulgaria, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+18.2% per year) and Bulgaria (+13.2% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, surging by 31% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame upholstered seat export price increased by +52.9% against 2019 indices. The growth pace was the most rapid in 2018 when the average export price increased by 71% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per unit) and Cyprus ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) and Egypt ($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 Egypt (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Greece

After six years of growth, purchases abroad of upholstered seats with wooden frames decreased by -49% to X units in 2022. In general, imports, however, saw a notable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. As a result, imports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, wooden frame upholstered seat imports declined markedly to $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 +4.0% 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 +25.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

Romania (X units), Bulgaria (X units) and Turkey (X units) were the main suppliers of wooden frame upholstered seat imports to Greece, with a combined 53% share of total imports. Italy, China, Serbia, North Macedonia, Spain and Poland lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +33.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Bulgaria ($X) and Turkey ($X) appeared to be the largest wooden frame upholstered seat suppliers to Greece, together accounting for 53% of total imports. Italy, China, Serbia, North Macedonia, Spain and Poland lagged somewhat behind, together accounting for a further 38%.

In terms of the main suppliers, Serbia, with a CAGR of +34.8%, saw 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 wooden frame upholstered seat import price stood at $X per unit in 2022, jumping by 62% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Serbia ($X per unit) and China ($X per unit), while the price for Poland ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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