Ukraine: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Ukraine

After two years of decline, the Ukrainian wooden frame upholstered seat market increased by 96% to $X in 2022. Over the period under review, consumption, however, faced a deep slump. Wooden frame upholstered seat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in Ukraine

In value terms, wooden frame upholstered seat production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of 12%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports from Ukraine

For the fourth consecutive year, Ukraine recorded growth in shipments abroad of upholstered seats with wooden frames, which increased by less than 0.1% to X units in 2022. In general, exports recorded a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 74% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, wooden frame upholstered seat exports dropped to $X in 2022. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 49% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Belgium (X units), Poland (X units) and Denmark (X units) were the main destinations of wooden frame upholstered seat exports from Ukraine, together accounting for 63% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +196.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame upholstered seat exported from Ukraine were Belgium ($X), Poland ($X) and Denmark ($X), with a combined 63% share of total exports.

Belgium, with a CAGR of +242.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, dropping by -6.9% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame upholstered seat export price decreased by -23.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Moldova ($X per unit) and Germany ($X per unit), while the average price for exports to Russia ($X per unit) and Kazakhstan ($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 Belgium (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Ukraine

After six years of growth, overseas purchases of upholstered seats with wooden frames decreased by -50.7% to X units in 2022. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 28%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wooden frame upholstered seat imports declined remarkably to $X in 2022. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 34%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame upholstered seat supplier to Ukraine, with a 46% 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. The third position in this ranking was held by Poland (X units), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-17.7% per year) and Poland (-12.3% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Ukraine, comprising 46% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Poland, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-16.3% per year) and Poland (-10.9% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, surging by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. 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 Estonia ($X per unit) and Romania ($X per unit), while the price for Hungary ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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