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

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

The Hungarian wooden frame non-upholstered seat market dropped remarkably to $X in 2022, shrinking by -15.2% against the previous year. Over the period under review, consumption faced a abrupt contraction. Wooden frame non-upholstered seat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Upholstered Seats With Wooden Frames in Hungary

In value terms, wooden frame non-upholstered seat production shrank significantly to $X in 2022 estimated in export price. Overall, production, however, posted a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 209%. Over the period under review, production attained the peak level at $X in 2021, and then declined markedly in the following year.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Hungary

In 2022, overseas shipments of non-upholstered seats with wooden frames decreased by -6.6% to X units, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 5.2% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports skyrocketed to $X in 2022. Overall, exports continue to indicate a pronounced shrinkage. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X units), the UK (X units) and Slovakia (X units) were the main destinations of wooden frame non-upholstered seat exports from Hungary, with a combined 45% share of total exports. The United States, Denmark, Germany, Sweden, the Netherlands and France lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +36.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Denmark ($X) and the UK ($X) constituted the largest markets for wooden frame non-upholstered seat exported from Hungary worldwide, with a combined 43% share of total exports. Slovakia, the United States, Germany, Sweden, the Netherlands and France lagged somewhat behind, together accounting for a further 42%.

The United States, with a CAGR of +42.3%, recorded the highest growth rate of 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

The average wooden frame non-upholstered seat export price stood at $X per unit in 2022, growing by 32% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 export price increased by +82.7% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Denmark ($X per unit) and France ($X per unit), while the average price for exports to Slovakia ($X per unit) and the Netherlands ($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 Denmark (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Hungary

After three years of growth, supplies from abroad of non-upholstered seats with wooden frames decreased by -13.9% to X units in 2022. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then declined in the following year.

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

Imports by Country

China (X units), Poland (X units) and Germany (X units) were the main suppliers of wooden frame non-upholstered seat imports to Hungary, with a combined 77% share of total imports. Vietnam, Romania, Italy, Denmark and Austria lagged somewhat behind, together comprising a further 15%.

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 +45.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame non-upholstered seat suppliers to Hungary were China ($X), Poland ($X) and Germany ($X), together accounting for 77% of total imports. Vietnam, Romania, Italy, Denmark and Austria lagged somewhat behind, together accounting for a further 15%.

Denmark, with a CAGR of +51.0%, 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

In 2022, the average wooden frame non-upholstered seat import price amounted to $X per unit, picking up by 57% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price 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. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Denmark ($X per unit) and Austria ($X per unit), while the price for Vietnam ($X per unit) and Germany ($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 (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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