Sweden: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Sweden

In 2022, after two years of growth, there was significant decline in the Swedish wooden frame upholstered seat market, when its value decreased by -26.1% to $X. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Production of Upholstered Seats With Wooden Frames in Sweden

In value terms, wooden frame upholstered seat production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21%. Over the period under review, production attained the peak level at $X in 2021, and then contracted in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from Sweden

Wooden frame upholstered seat exports from Sweden shrank to X units in 2022, dropping by -14% against 2021 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, wooden frame upholstered seat exports shrank to $X in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +6.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Norway (X units) was the main destination for wooden frame upholstered seat exports from Sweden, with a 41% share of total exports. Moreover, wooden frame upholstered seat exports to Norway exceeded the volume sent to the second major destination, Denmark (X units), threefold. The third position in this ranking was held by Germany (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+2.2% per year) and Germany (+11.4% per year).

In value terms, Norway ($X) remains the key foreign market for upholstered seats with wooden frames exports from Sweden, comprising 41% of total exports. The second position in the ranking was held by Denmark ($X), with a 14% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+4.1% per year) and Germany (+13.4% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per unit) and the Netherlands ($X per unit), while the average price for exports to the United States ($X per unit) and France ($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 UK (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Sweden

In 2022, supplies from abroad of upholstered seats with wooden frames decreased by -41.7% to X units for the first time since 2014, thus ending a seven-year rising trend. Overall, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of X units, and then shrank markedly in the following year.

In value terms, wooden frame upholstered seat imports contracted dramatically to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 29%. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

Lithuania (X units), Poland (X units) and China (X units) were the main suppliers of wooden frame upholstered seat imports to Sweden, together comprising 77% of total imports. Denmark, Romania, Bosnia and Herzegovina, Estonia and Norway lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +25.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat suppliers to Sweden were Lithuania ($X), Poland ($X) and China ($X), with a combined 77% share of total imports. Denmark, Romania, Bosnia and Herzegovina, Estonia and Norway lagged somewhat behind, together accounting for a further 13%.

In terms of the main suppliers, Bosnia and Herzegovina, with a CAGR of +26.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, jumping by 37% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Romania ($X per unit) and Poland ($X per unit), while the price for Norway ($X per unit) and Estonia ($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 (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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