MERCOSUR: Market for Upholstered Seats With Metal Frames 2024

Exports of Upholstered Seats With Metal Frames

Exports in MERCOSUR

In 2021, shipments abroad of upholstered seats with metal frames decreased by -20.7% to X units, falling for the second consecutive year after five years of growth. Overall, exports saw a slight contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 21% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal frame upholstered seat exports fell remarkably to $X in 2021. Over the period under review, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2019 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Brazil represented the key exporting country with an export of around X units, which reached 78% of total exports. It was distantly followed by Colombia (X units), committing a 19% share of total exports.

Brazil was also the fastest-growing in terms of the upholstered seats with metal frames exports, with a CAGR of +10.1% from 2012 to 2021. Colombia (-13.5%) illustrated a downward trend over the same period. While the share of Brazil (+50 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Colombia (-41.3 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) emerged as the largest metal frame upholstered seat supplier in MERCOSUR, comprising 74% of total exports. The second position in the ranking was held by Colombia ($X), with a 20% share of total exports.

In Brazil, metal frame upholstered seat exports expanded at an average annual rate of +5.5% over the period from 2012-2021.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, rising by 5.4% against the previous year. Overall, the export price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 when the export price increased by 7.8%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while Brazil amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (-0.8%).

Imports of Upholstered Seats With Metal Frames

Imports in MERCOSUR

In 2021, the amount of upholstered seats with metal frames imported in MERCOSUR skyrocketed to X units, rising by 62% on 2020. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 76%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, metal frame upholstered seat imports skyrocketed to $X in 2021. Total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some 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

Paraguay prevails in imports structure, finishing at X units, which was near 75% of total imports in 2021. Chile (X units) ranks second in terms of the total imports with a 9.2% share, followed by Colombia (5.1%). Peru (X units), Brazil (X units) and Argentina (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal frame upholstered seat imports into Paraguay stood at +9.2%. At the same time, Peru (+14.4%), Chile (+10.4%) and Colombia (+10.3%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +14.4% from 2012-2021. Argentina experienced a relatively flat trend pattern. By contrast, Brazil (-1.6%) illustrated a downward trend over the same period. While the share of Paraguay (+8.9 p.p.) and Chile (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Argentina (-1.5 p.p.) and Brazil (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Colombia ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2021, with a combined 64% share of total imports.

Among the main importing countries, Chile, with a CAGR of +11.3%, recorded 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 MERCOSUR amounted to $X per unit, standing approx. at the previous year. Overall, the import price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2014 an increase of 38%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 Brazil ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform