Northern America: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Northern America

The North American wooden frame upholstered seat market reduced modestly to $X in 2022, waning by -3.3% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +28.4% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2021, and then contracted in the following year.

Production of Upholstered Seats With Wooden Frames in Northern America

In value terms, wooden frame upholstered seat production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight slump. The pace of growth appeared the most rapid in 2014 when the production volume increased by 765%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports in Northern America

In 2022, overseas shipments of upholstered seats with wooden frames increased by 22% to X units, rising for the second consecutive year after six years of decline. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 31% 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.

In value terms, wooden frame upholstered seat exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +3.1% 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 with an increase of 28%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States was the main exporter of upholstered seats with wooden frames in Northern America, with the volume of exports amounting to X units, which was near 71% of total exports in 2022. It was distantly followed by Canada (X units), mixing up a 29% share of total exports.

Exports from the United States increased at an average annual rate of +1.6% from 2012 to 2022. At the same time, Canada (+2.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +2.7% from 2012-2022. From 2012 to 2022, the share of Canada increased by +2.3 percentage points.

In value terms, the United States ($X) remains the largest wooden frame upholstered seat supplier in Northern America, comprising 71% of total exports. The second position in the ranking was held by Canada ($X), with a 29% share of total exports.

In the United States, wooden frame upholstered seat exports expanded at an average annual rate of +2.5% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, waning by -3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2015 when the export price increased by 16%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.8%).

Imports of Upholstered Seats With Wooden Frames

Imports in Northern America

After seven years of growth, overseas purchases of upholstered seats with wooden frames decreased by -5.1% to X units in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +81.5% against 2012 indices. The pace of growth appeared the most rapid in 2015 with an increase of 19%. The volume of import peaked at X units in 2021, and then shrank in the following year.

In value terms, wooden frame upholstered seat imports declined slightly to $X in 2022. Total imports indicated a buoyant increase 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, imports increased by +36.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

The United States prevails in imports structure, reaching X units, which was near 94% of total imports in 2022. It was distantly followed by Canada (X units), comprising a 5.9% share of total imports.

The United States was also the fastest-growing in terms of the upholstered seats with wooden frames imports, with a CAGR of +6.5% from 2012 to 2022. At the same time, Canada (+1.3%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +3.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported upholstered seats with wooden frames in Northern America, comprising 88% of total imports. The second position in the ranking was held by Canada ($X), with a 12% share of total imports.

In the United States, wooden frame upholstered seat imports increased at an average annual rate of +7.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, surging by 3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 23% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.8%).

Source: IndexBox Platform

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