Uruguay: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in Uruguay

In 2021, the Uruguayan metal frame non-upholstered seat market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Metal frame non-upholstered seat consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Non-Upholstered Seats With Metal Frames

Exports from Uruguay

In 2021, after two years of decline, there was significant growth in overseas shipments of non-upholstered seats with metal frames, when their volume increased by 18% to X units. Over the period under review, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 179%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal frame non-upholstered seat exports rose significantly to $X in 2021. In general, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2018 with an increase of 165% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units), Paraguay (X units) and the United States (X units) were the main destinations of metal frame non-upholstered seat exports from Uruguay, with a combined 95% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +23.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Paraguay ($X) and Free Zones ($X) constituted the largest markets for metal frame non-upholstered seat exported from Uruguay worldwide, with a combined 97% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +11.2%, saw the highest rates of growth with regard to 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 metal frame non-upholstered seat export price stood at $X per unit in 2021, waning by -4.6% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of 37%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Non-Upholstered Seats With Metal Frames

Imports into Uruguay

In 2021, after two years of decline, there was significant growth in purchases abroad of non-upholstered seats with metal frames, when their volume increased by 9.4% to X units. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 25% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, metal frame non-upholstered seat imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X units), China (X units) and Argentina (X units) were the main suppliers of metal frame non-upholstered seat imports to Uruguay, together comprising 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +4.6%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Brazil ($X) and Argentina ($X) were the largest metal frame non-upholstered seat suppliers to Uruguay, with a combined 93% share of total imports.

Brazil, with a CAGR of +4.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal frame non-upholstered seat import price stood at $X per unit in 2021, picking up by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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