Slovakia: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Slovakia

In 2022, the Slovak wooden frame upholstered seat market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, showed a abrupt decrease. Wooden frame upholstered seat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in Slovakia

In value terms, wooden frame upholstered seat production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Upholstered Seats With Wooden Frames

Exports from Slovakia

In 2022, overseas shipments of upholstered seats with wooden frames increased by 5.3% to X units, rising for the third consecutive year after four years of decline. In general, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wooden frame upholstered seat exports declined to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 17% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for wooden frame upholstered seat exports from Slovakia, accounting for a 51% share of total exports. Moreover, wooden frame upholstered seat exports to Germany exceeded the volume sent to the second major destination, Denmark (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+9.0% per year) and the Netherlands (+19.0% per year).

In value terms, Germany ($X) remains the key foreign market for upholstered seats with wooden frames exports from Slovakia, comprising 51% of total exports. The second position in the ranking was held by Denmark ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+5.7% per year) and the Netherlands (+15.4% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, waning by -11% against the previous year. In general, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2017 an increase of 24% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per unit) and Denmark ($X per unit), while the average price for exports to the United States ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.1%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Wooden Frames

Imports into Slovakia

In 2022, the amount of upholstered seats with wooden frames imported into Slovakia expanded sharply to X units, surging by 12% compared with the year before. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, wooden frame upholstered seat imports amounted to $X in 2022. The total import value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X units) constituted the largest wooden frame upholstered seat supplier to Slovakia, accounting for a 52% share of total imports. Moreover, wooden frame upholstered seat imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Germany (X units), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from Poland stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.3% per year) and Germany (+0.8% per year).

In value terms, Poland ($X) constituted the largest supplier of upholstered seats with wooden frames to Slovakia, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 9.6% share of total imports. It was followed by Germany, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.3% per year) and Germany (-2.9% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, dropping by -9.9% against the previous year. In general, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by 13%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and Poland ($X per unit), while the price for Bosnia and Herzegovina ($X per unit) and Austria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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