MERCOSUR: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in MERCOSUR

The MERCOSUR wooden frame upholstered seat market shrank to $X in 2022, with a decrease of -1.9% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in MERCOSUR

In value terms, wooden frame upholstered seat production fell to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 44%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports in MERCOSUR

After four years of growth, overseas shipments of upholstered seats with wooden frames decreased by -13.8% to X units in 2022. In general, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 58%. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, wooden frame upholstered seat exports expanded notably to $X in 2022. Over the period under review, exports, however, showed prominent growth. The growth pace was the most rapid in 2021 when exports increased by 81%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Brazil dominates exports structure, recording X units, which was approx. 91% of total exports in 2022. Chile (X units) and Ecuador (X units) took a relatively small share of total exports.

Brazil was also the fastest-growing in terms of the upholstered seats with wooden frames exports, with a CAGR of +10.1% from 2012 to 2022. At the same time, Ecuador (+8.2%) and Chile (+4.9%) displayed positive paces of growth. Brazil (+12 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest wooden frame upholstered seat supplier in MERCOSUR, comprising 90% of total exports. The second position in the ranking was held by Ecuador ($X), with a 5.1% share of total exports.

In Brazil, wooden frame upholstered seat exports expanded at an average annual rate of +16.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ecuador (+10.6% per year) and Chile (+1.2% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, picking up by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Upholstered Seats With Wooden Frames

Imports in MERCOSUR

In 2022, the amount of upholstered seats with wooden frames imported in MERCOSUR dropped remarkably to X units, waning by -16.8% compared with 2021. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, imports attained the peak of X units, and then declined notably in the following year.

In value terms, wooden frame upholstered seat imports shrank to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 88%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Chile was the main importer of upholstered seats with wooden frames in MERCOSUR, with the volume of imports accounting for X units, which was approx. 52% of total imports in 2022. It was distantly followed by Brazil (X units), Peru (X units), Uruguay (X units) and Colombia (X units), together mixing up a 38% share of total imports. Argentina (X units) and Ecuador (X units) took a relatively small share of total imports.

Imports into Chile increased at an average annual rate of +6.6% from 2012 to 2022. At the same time, Uruguay (+9.9%), Brazil (+7.1%), Peru (+6.4%), Ecuador (+5.6%) and Argentina (+2.2%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +9.9% from 2012-2022. Colombia experienced a relatively flat trend pattern. Chile (+8.8 p.p.), Uruguay (+3.1 p.p.) and Brazil (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while Colombia saw its share reduced by -4.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported upholstered seats with wooden frames in MERCOSUR, comprising 51% of total imports. The second position in the ranking was taken by Peru ($X), with a 12% share of total imports. It was followed by Uruguay, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Chile amounted to +5.7%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (+4.5% per year) and Uruguay (+10.0% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, rising by 4.1% against the previous year. In general, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 14%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform