Portugal: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Portugal

The Portuguese metal frame upholstered seat market declined to $X in 2021, reducing by -11.3% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.5% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Upholstered Seats With Metal Frames in Portugal

In value terms, metal frame upholstered seat production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.9% against 2016 indices. The growth pace was the most rapid in 2016 when the production volume increased by 61%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Upholstered Seats With Metal Frames

Exports from Portugal

For the third year in a row, Portugal recorded growth in overseas shipments of upholstered seats with metal frames, which increased by 29% to X units in 2021. In general, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +47.9% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 67%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal frame upholstered seat exports expanded sharply to $X in 2021. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 55% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X units), France (X units) and the UK (X units) were the main destinations of metal frame upholstered seat exports from Portugal, with a combined 45% share of total exports. These countries were followed by the United States, Sweden, Angola, Germany, the United Arab Emirates, Switzerland, Morocco and Iraq, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +196.8%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and the UK ($X) were the largest markets for metal frame upholstered seat exported from Portugal worldwide, with a combined 44% share of total exports. These countries were followed by the United States, Sweden, Angola, Germany, the United Arab Emirates, Switzerland, Morocco and Iraq, which together accounted for a further 37%.

Among the main countries of destination, Germany, with a CAGR of +168.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, declining by -17.8% against the previous year. In general, the export price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 23% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Germany ($X per unit) and Sweden ($X per unit), while the average price for exports to Spain ($X per unit) and Angola ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Metal Frames

Imports into Portugal

In 2021, supplies from abroad of upholstered seats with metal frames increased by 8.6% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 89%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, metal frame upholstered seat imports totaled $X in 2021. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 44% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Spain (X units) and Italy (X units) were the main suppliers of metal frame upholstered seat imports to Portugal, together comprising 82% of total imports. France, Germany, the Netherlands, Sweden and Denmark lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +68.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and Italy ($X) appeared to be the largest metal frame upholstered seat suppliers to Portugal, together comprising 81% of total imports. These countries were followed by France, Germany, the Netherlands, Sweden and Denmark, which together accounted for a further 13%.

Sweden, with a CAGR of +71.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2021, increasing by 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per unit) and Spain ($X per unit), while the price for Sweden ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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