Uruguay: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Uruguay

The Uruguayan wooden frame upholstered seat market amounted to $X in 2022, surging by 6.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a buoyant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Exports of Upholstered Seats With Wooden Frames

Exports from Uruguay

In 2022, the amount of upholstered seats with wooden frames exported from Uruguay skyrocketed to X units, with an increase of 78% compared with the year before. Over the period under review, exports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 391%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports soared to $X in 2022. In general, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 361% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X units), the United States (X units) and Spain (X units) were the main destinations of wooden frame upholstered seat exports from Uruguay.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +11.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Argentina ($X) emerged as the key foreign market for upholstered seats with wooden frames exports from Uruguay, comprising 72% of total exports. The second position in the ranking was taken by the United States ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Argentina stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.8% per year) and Spain (-44.1% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, growing by 41% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+3.5%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Wooden Frames

Imports into Uruguay

For the fifth consecutive year, Uruguay recorded growth in supplies from abroad of upholstered seats with wooden frames, which increased by 5.3% to X units in 2022. In general, imports saw strong growth. The pace of growth was the most pronounced in 2014 when imports increased by 66% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, wooden frame upholstered seat imports expanded sharply to $X in 2022. Overall, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +10.0% 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 +30.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 70%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of wooden frame upholstered seat to Uruguay, accounting for a 60% share of total imports. Moreover, wooden frame upholstered seat imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Malaysia (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.6% per year) and Malaysia (+35.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of upholstered seats with wooden frames to Uruguay, comprising 71% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Italy, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.2% per year) and Italy (+19.9% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, rising by 1.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 21%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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