Spain: Seat Market 2024

Seat Market Size in Spain

The Spanish seat market skyrocketed to $X in 2021, with an increase of 28% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Seat consumption peaked in 2021 and is expected to retain growth in years to come.

Seat Production in Spain

In value terms, seat production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Seat production peaked at $X in 2018; afterwards, it flattened through to 2021.

Seat Exports

Exports from Spain

In 2021, after two years of decline, there was significant growth in shipments abroad of seats, when their volume increased by 36% to X tons. In general, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, seat exports surged to $X in 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for seat exports from Spain, accounting for a 18% share of total exports. Moreover, seat exports to France exceeded the volume sent to the second major destination, Portugal (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+7.5% per year) and Italy (+8.2% per year).

In value terms, France ($X), Portugal ($X) and Germany ($X) appeared to be the largest markets for seat exported from Spain worldwide, together accounting for 44% of total exports. The United States, the UK, Italy, the Netherlands and Morocco lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, the United States, with a CAGR of +14.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average seat export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 31% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Seat Imports

Imports into Spain

In 2021, imports of seats into Spain soared to X tons, jumping by 38% against the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +169.6% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of 65% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, seat imports surged to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest seat supplier to Spain, with a 52% share of total imports. Moreover, seat imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+13.4% per year) and Italy (+4.6% per year).

In value terms, China ($X) constituted the largest supplier of seats to Spain, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.7% share of total imports. It was followed by Italy, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.1% per year) and Italy (+3.5% per year).

Import Prices by Country

In 2021, the average seat import price amounted to $X per ton, growing by 8.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 76%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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