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

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

In 2022, the Scandinavia wooden frame non-upholstered seat market increased by 0.9% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in years to come.

Production of Non-Upholstered Seats With Wooden Frames in Scandinavia

In value terms, wooden frame non-upholstered seat production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible decline. The pace of growth was the most pronounced in 2016 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Upholstered Seats With Wooden Frames

Exports in Scandinavia

In 2022, shipments abroad of non-upholstered seats with wooden frames decreased by -25.4% to X units, falling for the eighth year in a row after three years of growth. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 16%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports rose modestly to $X in 2022. In general, exports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2013 when exports increased by 13% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the main exporter of non-upholstered seats with wooden frames in Scandinavia, with the volume of exports accounting for X units, which was near 73% of total exports in 2022. It was distantly followed by Finland (X units), constituting a 24% share of total exports. Norway (X units) followed a long way behind the leaders.

Exports from Sweden decreased at an average annual rate of -11.9% from 2012 to 2022. At the same time, Norway (+4.4%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +4.4% from 2012-2022. By contrast, Finland (-5.9%) illustrated a downward trend over the same period. Finland (+9.2 p.p.) and Norway (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -12.1% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest wooden frame non-upholstered seat supplier in Scandinavia, comprising 66% of total exports. The second position in the ranking was taken by Finland ($X), with a 26% share of total exports.

In Sweden, wooden frame non-upholstered seat exports declined by an average annual rate of -5.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+3.0% per year) and Norway (+8.5% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, with an increase of 38% against the previous year. Over the period under review, the export price showed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+9.5%), while the other leaders experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports in Scandinavia

In 2022, imports of non-upholstered seats with wooden frames in Scandinavia declined dramatically to X units, reducing by -19.9% compared with 2021. Over the period under review, imports recorded a perceptible setback. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat imports totaled $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Sweden was the main importer of non-upholstered seats with wooden frames in Scandinavia, with the volume of imports resulting at X units, which was near 69% of total imports in 2022. Norway (X units) held the second position in the ranking, followed by Finland (X units). All these countries together held near 31% share of total imports.

Sweden was also the fastest-growing in terms of the non-upholstered seats with wooden frames imports, with a CAGR of +3.2% from 2012 to 2022. Finland (-4.0%) and Norway (-10.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +28 percentage points.

In value terms, Sweden ($X) constitutes the largest market for imported non-upholstered seats with wooden frames in Scandinavia, comprising 65% of total imports. The second position in the ranking was taken by Norway ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden stood at +6.8%. In the other countries, the average annual rates were as follows: Norway (-4.1% per year) and Finland (+0.1% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, picking up by 25% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price 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, wooden frame non-upholstered seat import price increased by +25.0% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform