Hungary: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Hungary

The Hungarian wooden frame upholstered seat market expanded markedly to $X in 2022, increasing by 13% against the previous year. In general, consumption showed a relatively flat trend pattern. Wooden frame upholstered seat consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in Hungary

In value terms, wooden frame upholstered seat production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable decrease. The growth pace was the most rapid in 2013 with an increase of 7%. Wooden frame upholstered seat production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports from Hungary

In 2022, after three years of growth, there was significant decline in overseas shipments of upholstered seats with wooden frames, when their volume decreased by -30.1% to X units. Over the period under review, exports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2021 when exports increased by 32%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports fell modestly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for wooden frame upholstered seat exports from Hungary, with a 71% share of total exports. Moreover, wooden frame upholstered seat exports to Germany exceeded the volume sent to the second major destination, Austria (X units), ninefold. The third position in this ranking was taken by the Netherlands (X units), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-10.0% per year) and the Netherlands (+7.2% per year).

In value terms, Germany ($X) remains the key foreign market for upholstered seats with wooden frames exports from Hungary, comprising 71% of total exports. The second position in the ranking was taken by Austria ($X), with an 8.1% share of total exports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-8.4% per year) and the Netherlands (+9.1% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, jumping by 40% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2018 an increase of 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 remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per unit) and Austria ($X per unit), while the average price for exports to Belgium ($X per unit) and Poland ($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 Switzerland (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Hungary

In 2022, overseas purchases of upholstered seats with wooden frames decreased by -37.3% to X units for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. As a result, imports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, wooden frame upholstered seat imports expanded sharply to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of wooden frame upholstered seat to Hungary, accounting for a 35% share of total imports. Moreover, wooden frame upholstered seat imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Romania (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.5% per year) and Romania (+18.2% per year).

In value terms, Poland ($X) constituted the largest supplier of upholstered seats with wooden frames to Hungary, comprising 35% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Romania, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.3% per year) and Romania (+19.1% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, jumping by 71% against the previous year. In general, 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 failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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