United Kingdom: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in the UK

In 2022, the UK wooden frame upholstered seat market increased by 6.4% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wooden frame upholstered seat consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Upholstered Seats With Wooden Frames in the UK

In value terms, wooden frame upholstered seat production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 8.6%. Wooden frame upholstered seat production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports from the UK

In 2022, overseas shipments of upholstered seats with wooden frames were finally on the rise to reach X units after two years of decline. Overall, exports posted perceptible growth. The most prominent rate of growth was recorded in 2019 with an increase of 62%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports surged to $X in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 42% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X units), the United States (X units) and France (X units) were the main destinations of wooden frame upholstered seat exports from the UK, together accounting for 56% of total exports. Germany, the Netherlands, Switzerland, Israel, Denmark, Italy and China lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +55.3%), 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 the UK were Ireland ($X), the United States ($X) and France ($X), with a combined 56% share of total exports. Germany, the Netherlands, Switzerland, Israel, Denmark, Italy and China lagged somewhat behind, together accounting for a further 21%.

Israel, with a CAGR of +58.2%, recorded the highest growth rate of the value of exports, among 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

The average wooden frame upholstered seat export price stood at $X per unit in 2022, falling by -6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. The export price peaked 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 highest price was recorded for prices to Switzerland ($X per unit) and France ($X per unit), while the average price for exports to China ($X per unit) and Denmark ($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 Israel (+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 the UK

Wooden frame upholstered seat imports into the UK dropped modestly to X units in 2022, which is down by -4.8% on the previous year's figure. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +31.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, wooden frame upholstered seat imports totaled $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +59.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame upholstered seat to the UK, accounting for a 48% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+13.5% per year) and Italy (-1.1% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to the UK, comprising 48% of total imports. The second position in the ranking was held by Poland ($X), with a 21% share of total imports. It was followed by Italy, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.7% per year) and Italy (+0.8% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, picking up by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. Over the period under review, average import prices reached the peak figure 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 Vietnam ($X per unit) and Romania ($X per unit), while the price for Malaysia ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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