Peru: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Peru

The Peruvian wooden frame upholstered seat market dropped sharply to $X in 2022, with a decrease of -26.5% 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). In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +55.7% against 2020 indices. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from Peru

Wooden frame upholstered seat exports from Peru was estimated at X units in 2022, with an increase of 1.9% on the year before. Over the period under review, exports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2020 when exports increased by 39%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, wooden frame upholstered seat exports rose to $X in 2022. In general, exports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units), the United States (X units) and Panama (X units) were the main destinations of wooden frame upholstered seat exports from Peru.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +39.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for upholstered seats with wooden frames exports from Peru, comprising 69% of total exports. The second position in the ranking was taken by Chile ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+9.4% per year) and Panama (+39.0% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, surging by 1.9% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price 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, wooden frame upholstered seat export price decreased by -16.0% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 47%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Panama ($X per unit), while the average price for exports to Chile ($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 the United States (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Upholstered Seats With Wooden Frames

Imports into Peru

Wooden frame upholstered seat imports into Peru dropped markedly to X units in 2022, declining by -23.6% compared with the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +42.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 87%. As a result, imports reached the peak of X units, and then declined markedly in the following year.

In value terms, wooden frame upholstered seat imports declined sharply to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +57.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 114% against the previous year. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame upholstered seat supplier to Peru, with a 82% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-3.4% per year) and Brazil (+27.0% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Peru, comprising 80% of total imports. The second position in the ranking was held by Brazil ($X), with a 4.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+18.7% per year) and Malaysia (-9.3% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, with a decrease of -4.1% against the previous year. In general, the import price saw a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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