Lithuania: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Lithuania

In 2022, the Lithuanian wooden frame upholstered seat market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption showed strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Upholstered Seats With Wooden Frames in Lithuania

In value terms, wooden frame upholstered seat production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +84.9% against 2015 indices. The growth pace was the most rapid in 2021 when the production volume increased by 20%. Wooden frame upholstered seat production peaked in 2022 and is expected to retain growth in years to come.

Exports of Upholstered Seats With Wooden Frames

Exports from Lithuania

In 2022, shipments abroad of upholstered seats with wooden frames decreased by -51.4% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a moderate increase. The growth pace was the most rapid in 2019 when exports increased by 75% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then contracted markedly in the following year.

In value terms, wooden frame upholstered seat exports contracted rapidly to $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.6% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

Sweden (X units), Denmark (X units) and Norway (X units) were the main destinations of wooden frame upholstered seat exports from Lithuania, with a combined 59% share of total exports. Germany, Finland, France, the Netherlands, Poland, the UK, Estonia, Russia and Belgium lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +64.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame upholstered seat exported from Lithuania were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 59% of total exports. Germany, Finland, France, the Netherlands, Poland, the UK, Estonia, Russia and Belgium lagged somewhat behind, together comprising a further 34%.

Poland, with a CAGR of +67.9%, 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

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, picking up by 74% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per unit) and the Netherlands ($X per unit), while the average price for exports to Belgium ($X per unit) and Russia ($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 Poland (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Lithuania

After three years of growth, overseas purchases of upholstered seats with wooden frames decreased by -20.6% to X units in 2022. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 71% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted notably in the following year.

In value terms, wooden frame upholstered seat imports rose markedly to $X in 2022. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 84%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X units), Italy (X units) and Sweden (X units) were the main suppliers of wooden frame upholstered seat imports to Lithuania, together accounting for 66% of total imports. Ukraine, China, Latvia, Estonia, Turkey, Germany, Denmark, France and Belarus lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +53.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat suppliers to Lithuania were Poland ($X), Italy ($X) and Sweden ($X), together comprising 66% of total imports. Ukraine, China, Latvia, Estonia, Turkey, Germany, Denmark, France and Belarus lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Ukraine, with a CAGR of +56.1%, 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

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, picking up by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform