New Zealand: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in New Zealand

The New Zealand wooden frame upholstered seat market reduced sharply to $X in 2022, waning by -25.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.2% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from New Zealand

In 2022, the amount of upholstered seats with wooden frames exported from New Zealand shrank sharply to X units, falling by -37.4% on the previous year's figure. In general, exports, however, showed perceptible growth. The pace of growth was the most pronounced in 2018 with an increase of 166%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports amounted to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 88% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Australia (X units) was the main destination for wooden frame upholstered seat exports from New Zealand, with a 60% share of total exports. Moreover, wooden frame upholstered seat exports to Australia exceeded the volume sent to the second major destination, Cook Islands (X units), eightfold. The third position in this ranking was taken by French Polynesia (X units), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+8.9% per year) and French Polynesia (+22.3% per year).

In value terms, Australia ($X) remains the key foreign market for upholstered seats with wooden frames exports from New Zealand, comprising 57% of total exports. The second position in the ranking was held by Cook Islands ($X), with a 9.1% share of total exports. It was followed by Japan, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+12.4% per year) and Japan (+382.3% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, surging by 70% against the previous year. Overall, the export price enjoyed a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to Samoa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into New Zealand

Wooden frame upholstered seat imports into New Zealand contracted notably to X units in 2022, reducing by -30.3% against 2021 figures. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of X units, and then declined sharply in the following year.

In value terms, wooden frame upholstered seat imports dropped significantly to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +30.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 74% against the previous year. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame upholstered seat to New Zealand, with a 76% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sevenfold. The third position in this ranking was held by Malaysia (X units), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+1.9% per year) and Malaysia (-2.6% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to New Zealand, comprising 74% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 9.2% share of total imports. It was followed by Thailand, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+13.6% per year) and Thailand (+2.4% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, with an increase of 7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 an increase of 27%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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