Scandinavia: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Scandinavia

The Scandinavia wooden frame upholstered seat market dropped markedly to $X in 2022, with a decrease of -28.3% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Production of Upholstered Seats With Wooden Frames in Scandinavia

In value terms, wooden frame upholstered seat production contracted markedly to $X in 2022 estimated in export price. In general, production showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by 27%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports in Scandinavia

Wooden frame upholstered seat exports reduced to X units in 2022, which is down by -6.4% against the year before. Overall, exports saw a mild contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports reduced to $X in 2022. Over the period under review, exports saw a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 25%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden represented the main exporter of upholstered seats with wooden frames in Scandinavia, with the volume of exports recording X units, which was approx. 59% of total exports in 2022. Norway (X units) took a 28% share (based on physical terms) of total exports, which put it in second place, followed by Finland (12%).

Sweden experienced a relatively flat trend pattern with regard to volume of exports of upholstered seats with wooden frames. At the same time, Finland (+11.9%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +11.9% from 2012-2022. By contrast, Norway (-6.0%) illustrated a downward trend over the same period. Sweden (+9.2 p.p.) and Finland (+8.7 p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by -17.9% from 2012 to 2022, respectively.

In value terms, the largest wooden frame upholstered seat supplying countries in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X), together comprising 99.9% of total exports.

Among the main exporting countries, Finland, with a CAGR of +8.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, which is down by -7.3% against the previous year. In general, the export price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2016 an increase of 11%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.8%), while the other leaders experienced a decline in the export price figures.

Imports of Upholstered Seats With Wooden Frames

Imports in Scandinavia

Wooden frame upholstered seat imports contracted sharply to X units in 2022, waning by -28.6% on the year before. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of X units, and then contracted significantly in the following year.

In value terms, wooden frame upholstered seat imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Sweden (X units) and Norway (X units) represented the main importers of upholstered seats with wooden frames in 2022, accounting for near 45% and 34% of total imports, respectively. It was distantly followed by Finland (X units), achieving a 20% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Finland (with a CAGR of +3.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022.

Finland, with a CAGR of +3.1%, saw 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, with an increase of 20% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained 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 ($X per unit), while Finland ($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 (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform