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

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

The Serbian wooden frame non-upholstered seat market shrank significantly to $X in 2022, falling by -78.9% against the previous year. In general, consumption recorded a significant curtailment. Wooden frame non-upholstered seat consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Non-Upholstered Seats With Wooden Frames in Serbia

In value terms, wooden frame non-upholstered seat production surged to $X in 2022 estimated in export price. Over the period under review, production saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 100% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Serbia

In 2022, overseas shipments of non-upholstered seats with wooden frames increased by 53% to X units, rising for the second year in a row after three years of decline. In general, exports posted measured growth. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat exports soared to $X in 2022. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 58% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X units) was the main destination for wooden frame non-upholstered seat exports from Serbia, with a 46% share of total exports. Moreover, wooden frame non-upholstered seat exports to Belgium exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was taken by Canada (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+16.4% per year) and Canada (+35.6% per year).

In value terms, Belgium ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from Serbia, comprising 54% of total exports. The second position in the ranking was held by France ($X), with a 17% share of total exports. It was followed by Bosnia and Herzegovina, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium amounted to +37.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+33.3% per year) and Bosnia and Herzegovina (+7.5% per year).

Export Prices by Country

In 2022, the average wooden frame non-upholstered seat export price amounted to $X per unit, with a decrease of -22.7% against the previous year. Overall, the export price, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 51%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Canada ($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 Russia (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Serbia

In 2022, overseas purchases of non-upholstered seats with wooden frames decreased by -6.5% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.8% against 2018 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, wooden frame non-upholstered seat imports shrank to $X in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 53%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of wooden frame non-upholstered seat to Serbia, accounting for a 40% share of total imports. Moreover, wooden frame non-upholstered seat imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by China (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +48.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.2% per year) and China (+1.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of non-upholstered seats with wooden frames to Serbia, comprising 40% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +53.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.7% per year) and China (+4.7% per year).

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, remaining constant against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 +12.1% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 49% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($X per unit) and the Czech Republic ($X per unit), while the price for Malaysia ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform