Spain: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Spain

The Spanish wooden frame upholstered seat market declined to $X in 2022, with a decrease of -5.9% against the previous year. Overall, consumption, however, posted a strong increase. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Upholstered Seats With Wooden Frames in Spain

In value terms, wooden frame upholstered seat production expanded to $X in 2022 estimated in export price. In general, production showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Wooden frame upholstered seat production peaked in 2022 and is expected to retain growth in years to come.

Exports of Upholstered Seats With Wooden Frames

Exports from Spain

In 2022, overseas shipments of upholstered seats with wooden frames decreased by -37.7% to X units for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, the exports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, wooden frame upholstered seat exports expanded markedly to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.4% 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 +49.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X units), Portugal (X units) and the UK (X units) were the main destinations of wooden frame upholstered seat exports from Spain, with a combined 52% share of total exports. The United States, Germany, Belgium, Saudi Arabia, Ireland, Morocco, the United Arab Emirates, the Netherlands, Italy and Andorra lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +21.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame upholstered seat exported from Spain were France ($X), Portugal ($X) and the UK ($X), with a combined 53% share of total exports. The United States, Germany, Belgium, Saudi Arabia, Ireland, Morocco, the Netherlands, Italy, Andorra and the United Arab Emirates lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, the United States, with a CAGR of +23.6%, saw 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

The average wooden frame upholstered seat export price stood at $X per unit in 2022, with an increase of 72% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Andorra ($X per unit), while the average price for exports to the United Arab Emirates ($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 Morocco (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Spain

Wooden frame upholstered seat imports into Spain dropped sharply to X units in 2022, falling by -41.4% compared with the previous year's figure. Over the period under review, imports, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2021 when imports increased by 54%. As a result, imports reached the peak of X units, and then reduced sharply in the following year.

In value terms, wooden frame upholstered seat imports contracted to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +26.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame upholstered seat to Spain, with a 42% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Romania (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.0% per year) and Romania (-0.8% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Spain, comprising 42% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Romania, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.9% per year) and Romania (+1.1% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, rising by 49% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. 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 Romania ($X per unit) and Poland ($X per unit), while the price for Portugal ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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