Scandinavia: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in Scandinavia

The Scandinavia metal frame non-upholstered seat market surged to $X in 2021, rising by 18% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.5% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Production of Non-Upholstered Seats With Metal Frames in Scandinavia

In value terms, metal frame non-upholstered seat production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 7.5% against the previous year. The level of production peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Non-Upholstered Seats With Metal Frames

Exports in Scandinavia

In 2021, metal frame non-upholstered seat exports in Scandinavia soared to X units, increasing by 43% on the year before. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, metal frame non-upholstered seat exports skyrocketed to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +98.7% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark represented the main exporter of non-upholstered seats with metal frames in Scandinavia, with the volume of exports finishing at X units, which was approx. 66% of total exports in 2021. It was distantly followed by Sweden (X units), constituting a 32% share of total exports. Finland (X units) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the non-upholstered seats with metal frames exports, with a CAGR of +6.8% from 2012 to 2021. At the same time, Sweden (+3.1%) and Finland (+2.5%) displayed positive paces of growth. While the share of Denmark (+7.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-6.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest metal frame non-upholstered seat supplier in Scandinavia, comprising 71% of total exports. The second position in the ranking was held by Sweden ($X), with a 27% share of total exports.

In Denmark, metal frame non-upholstered seat exports increased at an average annual rate of +8.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (+2.1% per year) and Finland (+4.5% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, with a decrease of -2.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 130% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Upholstered Seats With Metal Frames

Imports in Scandinavia

In 2021, purchases abroad of non-upholstered seats with metal frames increased by 27% to X units, rising for the fourth consecutive year after three years of decline. Total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +106.2% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 39% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, metal frame non-upholstered seat imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units) and Denmark (X units) were the major importers of non-upholstered seats with metal frames in 2021, finishing at approx. 39% and 39% of total imports, respectively. It was distantly followed by Norway (X units) and Finland (X units), together comprising a 20% share of total imports. Iceland (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +6.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) were the countries with the highest levels of imports in 2021, together comprising 91% of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 9%.

In terms of the main importing countries, Iceland, with a CAGR of +9.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, rising by 2.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 33%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per unit), while Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform