Latin America and the Caribbean: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in Latin America and the Caribbean

The Latin American metal frame non-upholstered seat market totaled $X in 2021, flattening at the previous year. In general, consumption, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2017 when the market value increased by 8.4% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Non-Upholstered Seats With Metal Frames in Latin America and the Caribbean

In value terms, metal frame non-upholstered seat production declined to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Non-Upholstered Seats With Metal Frames

Exports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in shipments abroad of non-upholstered seats with metal frames, which increased by 39% to X units in 2021. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +47.7% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal frame non-upholstered seat exports soared to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X units) and Mexico (X units) dominates exports structure, together constituting 94% of total exports. Costa Rica (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mexico (with a CAGR of +10.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X) remains the largest metal frame non-upholstered seat supplier in Latin America and the Caribbean, comprising 73% of total exports. The second position in the ranking was held by Brazil ($X), with a 19% share of total exports.

In Mexico, metal frame non-upholstered seat exports expanded at an average annual rate of +10.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (+7.0% per year) and Costa Rica (-19.1% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, picking up by 34% against the previous year. Over the period under review, the export price, however, saw a mild setback. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.6%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Upholstered Seats With Metal Frames

Imports in Latin America and the Caribbean

After two years of decline, supplies from abroad of non-upholstered seats with metal frames increased by 40% to X units in 2021. In general, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, metal frame non-upholstered seat imports surged to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Paraguay (X units), distantly followed by Mexico (X units), Chile (X units), Brazil (X units), Argentina (X units) and El Salvador (X units) were the major importers of non-upholstered seats with metal frames, together making up 79% of total imports. Colombia (X units), the Dominican Republic (X units), Uruguay (X units), Costa Rica (X units), Peru (X units) and Bolivia (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +15.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and the Dominican Republic ($X) were the countries with the highest levels of imports in 2021, together comprising 53% of total imports.

In terms of the main importing countries, the Dominican Republic, with a CAGR of +26.5%, saw the highest rates of growth with regard to 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 2021, the import price in Latin America and the Caribbean amounted to $X per unit, approximately reflecting the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2020 when the import price increased by 18%. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Dominican Republic ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by El Salvador (+16.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :