Portugal: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Portugal

In 2022, the Portuguese wooden frame upholstered seat market decreased by -6.9% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption showed a pronounced decrease. Wooden frame upholstered seat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Upholstered Seats With Wooden Frames in Portugal

In value terms, wooden frame upholstered seat production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +18.8% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 43% against the previous year. Wooden frame upholstered seat production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Portugal

In 2022, shipments abroad of upholstered seats with wooden frames decreased by -19.1% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 46%. As a result, the exports reached the peak of X units, and then contracted dramatically in the following year.

In value terms, wooden frame upholstered seat exports rose sharply to $X in 2022. Overall, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X units), Spain (X units) and the UK (X units) were the main destinations of wooden frame upholstered seat exports from Portugal, together accounting for 64% of total exports. The United States, Germany, the Netherlands, Angola, Belgium, the United Arab Emirates and Luxembourg lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +56.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and the UK ($X) were the largest markets for wooden frame upholstered seat exported from Portugal worldwide, with a combined 65% share of total exports. The United States, Germany, the Netherlands, Angola, Belgium, Luxembourg and the United Arab Emirates lagged somewhat behind, together accounting for a further 20%.

In terms of the main countries of destination, Luxembourg, with a CAGR of +59.1%, saw 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 2022, the average wooden frame upholstered seat export price amounted to $X per unit, with an increase of 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($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 Luxembourg (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Portugal

Wooden frame upholstered seat imports into Portugal reduced notably to X units in 2022, which is down by -37.4% on the previous year. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, imports reached the peak of X units, and then declined notably in the following year.

In value terms, wooden frame upholstered seat imports fell modestly to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Spain (X units) constituted the largest wooden frame upholstered seat supplier to Portugal, with a 40% share of total imports. Moreover, wooden frame upholstered seat imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Italy (X units), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.4% per year) and Italy (+2.2% per year).

In value terms, Spain ($X) constituted the largest supplier of upholstered seats with wooden frames to Portugal, comprising 40% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Italy, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.2% per year) and Italy (+2.9% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, surging by 52% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked 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 countries with the highest prices were Germany ($X per unit) and Vietnam ($X per unit), while the price for Denmark ($X per unit) and Romania ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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