Paraguay: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Paraguay

In 2022, the Paraguayan wooden frame upholstered seat market increased by 28% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption recorded prominent growth. Wooden frame upholstered seat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Paraguay

In 2022, overseas shipments of upholstered seats with wooden frames decreased by -20.6% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by 240% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports soared to $X in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 171%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X units) was the main destination for wooden frame upholstered seat exports from Paraguay, with a 73% share of total exports. Moreover, wooden frame upholstered seat exports to Uruguay exceeded the volume sent to the second major destination, Argentina (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Uruguay stood at +43.8%.

In value terms, Uruguay ($X) emerged as the key foreign market for upholstered seats with wooden frames exports from Paraguay, comprising 72% of total exports. The second position in the ranking was taken by Argentina ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uruguay stood at +46.3%.

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, rising by 54% against the previous year. Overall, the export price showed slight growth. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Uruguay totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Upholstered Seats With Wooden Frames

Imports into Paraguay

In 2022, supplies from abroad of upholstered seats with wooden frames increased by 24% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 50%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, wooden frame upholstered seat imports skyrocketed to $X in 2022. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of wooden frame upholstered seat to Paraguay, accounting for a 88% share of total imports. Moreover, wooden frame upholstered seat imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.8% per year) and the United States (-2.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of upholstered seats with wooden frames to Paraguay, comprising 88% of total imports. The second position in the ranking was taken by China ($X), with a 5.1% share of total imports. It was followed by the United States, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.6% per year) and the United States (-2.2% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, rising by 3.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Brazil ($X per unit), while the price for Vietnam ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform