Turkey: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Turkey

The Turkish wooden frame upholstered seat market reduced slightly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Upholstered Seats With Wooden Frames in Turkey

In value terms, wooden frame upholstered seat production dropped notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2017 when the production volume increased by 82% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports from Turkey

In 2022, overseas shipments of upholstered seats with wooden frames decreased by -27.4% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 102%. As a result, the exports attained the peak of X units, and then plummeted in the following year.

In value terms, wooden frame upholstered seat exports expanded remarkably to $X in 2022. In general, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid 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 likely to see steady growth in the near future.

Exports by Country

Iraq (X units) was the main destination for wooden frame upholstered seat exports from Turkey, accounting for a 18% share of total exports. Moreover, wooden frame upholstered seat exports to Iraq exceeded the volume sent to the second major destination, Israel (X units), threefold. The third position in this ranking was held by Qatar (X units), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+27.5% per year) and Qatar (+34.2% per year).

In value terms, Iraq ($X) remains the key foreign market for upholstered seats with wooden frames exports from Turkey, comprising 18% of total exports. The second position in the ranking was taken by Israel ($X), with a 7.2% share of total exports. It was followed by Qatar, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to Iraq amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+29.7% per year) and Qatar (+36.5% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, surging by 54% against the previous year. In general, export price indicated modest growth 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. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Serbia ($X per unit) and the Netherlands ($X per unit), while the average price for exports to Libya ($X per unit) and Nigeria ($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 Arab Emirates (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Turkey

In 2022, purchases abroad of upholstered seats with wooden frames increased by 18% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a abrupt setback. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, wooden frame upholstered seat imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt curtailment. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Romania (X units), Italy (X units) and China (X units) were the main suppliers of wooden frame upholstered seat imports to Turkey, together accounting for 66% of total imports. Poland, Indonesia, Vietnam, Malaysia and Lithuania lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +4.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X), Italy ($X) and China ($X) appeared to be the largest wooden frame upholstered seat suppliers to Turkey, with a combined 66% share of total imports. Poland, Indonesia, Vietnam, Malaysia and Lithuania lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, Lithuania, with a CAGR of +5.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, with an increase of 3.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. 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 highest price was recorded for prices from Vietnam ($X per unit) and Lithuania ($X per unit), while the price for Malaysia ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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