Mexico: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Mexico

The Mexican wooden frame non-upholstered seat market reached $X in 2022, remaining stable against the previous year. In general, consumption, however, saw a slight setback. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Non-Upholstered Seats With Wooden Frames in Mexico

In value terms, wooden frame non-upholstered seat production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 18% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Mexico

In 2022, shipments abroad of non-upholstered seats with wooden frames decreased by -22.5% to X units, falling for the third consecutive year after four years of growth. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -42.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 116%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden frame non-upholstered seat exports amounted to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +58.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 124%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for wooden frame non-upholstered seat exports from Mexico, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +2.4%.

In value terms, the United States ($X) also remains the key foreign market for non-upholstered seats with wooden frames exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +7.9%.

Export Prices by Country

In 2022, the average wooden frame non-upholstered seat export price amounted to $X per unit, picking up by 42% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.3% per year.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Mexico

In 2022, overseas purchases of non-upholstered seats with wooden frames increased by 62% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden frame non-upholstered seat imports surged to $X in 2022. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 47%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame non-upholstered seat supplier to Mexico, accounting for a 80% share of total imports. Moreover, wooden frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), eightfold. Indonesia (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+22.0% per year) and Indonesia (+9.1% per year).

In value terms, China ($X), Indonesia ($X) and Vietnam ($X) constituted the largest wooden frame non-upholstered seat suppliers to Mexico, with a combined 77% share of total imports.

Vietnam, with a CAGR of +22.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, waning by -19.6% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2013 an increase of 9.5% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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