Scandinavia: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Scandinavia

The Scandinavia metal frame upholstered seat market skyrocketed to $X in 2021, picking up by 30% against the previous year. The total consumption indicated a resilient increase 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, consumption increased by +118.5% against 2019 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Production of Upholstered Seats With Metal Frames in Scandinavia

In value terms, metal frame upholstered seat production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced curtailment. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Upholstered Seats With Metal Frames

Exports in Scandinavia

In 2021, shipments abroad of upholstered seats with metal frames increased by 34% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal frame upholstered seat exports soared to $X in 2021. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 28% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Denmark represented the major exporting country with an export of about X units, which finished at 71% of total exports. It was distantly followed by Sweden (X units), generating a 26% share of total exports. Norway (X units) held a minor share of total exports.

Denmark was also the fastest-growing in terms of the upholstered seats with metal frames exports, with a CAGR of +15.5% from 2012 to 2021. At the same time, Norway (+4.6%) and Sweden (+2.6%) displayed positive paces of growth. From 2012 to 2021, the share of Denmark increased by +27 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest metal frame upholstered seat supplier in Scandinavia, comprising 67% of total exports. The second position in the ranking was taken by Sweden ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Denmark stood at +15.2%. In the other countries, the average annual rates were as follows: Sweden (+2.9% per year) and Norway (+0.1% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, reducing by -10.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 25%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Upholstered Seats With Metal Frames

Imports in Scandinavia

Metal frame upholstered seat imports surged to X units in 2021, increasing by 38% compared with the year before. Overall, imports posted prominent growth. The growth pace was the most rapid in 2018 with an increase of 42% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, metal frame upholstered seat imports surged to $X in 2021. Over the period under review, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X units) was the largest importer of upholstered seats with metal frames, mixing up 49% of total imports. Sweden (X units) took a 26% share (based on physical terms) of total imports, which put it in second place, followed by Norway (12%) and Finland (9.9%). 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 +16.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal frame upholstered seat importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), with a combined 89% share of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 11%.

Iceland, with a CAGR of +15.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, growing by 2.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 17%. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Denmark (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform