Italy: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Italy

In 2021, the Italian metal frame upholstered seat market decreased by -30% to $X, falling for the third consecutive year after four years of growth. Overall, consumption saw a noticeable curtailment. Metal frame upholstered seat consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Upholstered Seats With Metal Frames in Italy

In value terms, metal frame upholstered seat production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Upholstered Seats With Metal Frames

Exports from Italy

In 2021, the amount of upholstered seats with metal frames exported from Italy surged to X units, picking up by 51% on 2020. In general, exports, however, showed a mild slump. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, metal frame upholstered seat exports soared to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), France (X units) and Germany (X units) were the main destinations of metal frame upholstered seat exports from Italy, with a combined 35% share of total exports. These countries were followed by China, Switzerland, the UK, Belgium, the Netherlands, Spain, Japan, Russia, Austria and Australia, which together accounted for 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 China (with a CAGR of +18.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Germany ($X) were the largest markets for metal frame upholstered seat exported from Italy worldwide, together accounting for 35% of total exports. These countries were followed by China, Switzerland, the UK, Belgium, the Netherlands, Spain, Japan, Russia, Austria and Australia, which together accounted for a further 35%.

Among the main countries of destination, China, with a CAGR of +27.5%, recorded 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

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, dropping by -7.3% against the previous year. Overall, the export price, however, posted a resilient expansion. The growth pace was the most rapid in 2017 when the average export price increased by 60% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Russia ($X per unit) and Australia ($X per unit), while the average price for exports to the UK ($X per unit) and France ($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 Belgium (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Metal Frames

Imports into Italy

In 2021, overseas purchases of upholstered seats with metal frames were finally on the rise to reach X units after two years of decline. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal frame upholstered seat imports soared to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal frame upholstered seat to Italy, accounting for a 70% share of total imports. Moreover, metal frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. The third position in this ranking was taken by France (X units), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.6% per year) and France (+0.6% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Italy, comprising 70% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.3% share of total imports. It was followed by France, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.6% per year) and France (+1.6% per year).

Import Prices by Country

In 2021, the average metal frame upholstered seat import price amounted to $X per unit, surging by 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2016 an increase of 13%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per unit) and Germany ($X per unit), while the price for Croatia ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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