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

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

After six years of growth, the Peruvian wooden frame non-upholstered seat market decreased by -13% to $X in 2022. In general, consumption, however, continues to indicate a remarkable increase. Wooden frame non-upholstered seat consumption peaked at $X in 2021, and then reduced in the following year.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Peru

In 2022, shipments abroad of non-upholstered seats with wooden frames decreased by -31% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 163% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports dropped significantly to $X in 2022. Over the period under review, exports showed a mild setback. The pace of growth appeared the most rapid in 2020 with an increase of 159%. The exports peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

The United States (X units) was the main destination for wooden frame non-upholstered seat exports from Peru, with a 89% share of total exports. Moreover, wooden frame non-upholstered seat exports to the United States exceeded the volume sent to the second major destination, Chile (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-23.1% per year) and Italy (-13.4% per year).

In value terms, the United States ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from Peru, comprising 89% of total exports. The second position in the ranking was held by Italy ($X), with a 9.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-14.6% per year) and Chile (-20.1% per year).

Export Prices by Country

The average wooden frame non-upholstered seat export price stood at $X per unit in 2022, surging by 12% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame non-upholstered seat export price decreased by -22.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 41%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Chile ($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 Chile (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Peru

In 2022, after six years of growth, there was significant decline in purchases abroad of non-upholstered seats with wooden frames, when their volume decreased by -10.6% to X units. In general, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 138%. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, wooden frame non-upholstered seat imports contracted significantly to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 119% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame non-upholstered seat supplier to Peru, accounting for a 87% share of total imports. Moreover, wooden frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The third position in this ranking was held by Vietnam (X units), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.5% per year) and Vietnam (+14.5% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with wooden frames to Peru, comprising 53% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 10% share of total imports. It was followed by Vietnam, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+1.6% per year) and Vietnam (+10.2% per year).

Import Prices by Country

In 2022, the average wooden frame non-upholstered seat import price amounted to $X per unit, declining by -6.7% against the previous year. In general, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 32% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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