Overview of the Global Market for Non-Upholstered Seats With Wooden Frames

Market Size for Non-Upholstered Seats With Wooden Frames

In 2022, the global wooden frame non-upholstered seat market increased by 1.4% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the market value increased by 6.3% against the previous year. Over the period under review, the global market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Upholstered Seats With Wooden Frames

In value terms, wooden frame non-upholstered seat production expanded slightly to $X in 2022 estimated in export price. In general, production showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 10% against the previous year. Over the period under review, global production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Non-Upholstered Seats With Wooden Frames

Exports

In 2022, global exports of non-upholstered seats with wooden frames dropped to X units, with a decrease of -8.7% compared with 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 10% against the previous year. Over the period under review, the global exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports expanded to $X in 2022. The total export value increased at an average annual rate of +5.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China was the key exporting country with an export of about X units, which recorded 37% of total exports. It was distantly followed by Vietnam (X units), Indonesia (X units) and Malaysia (X units), together achieving a 32% share of total exports. Turkey (X units), the Netherlands (X units), Poland (X units), Romania (X units), Thailand (X units) and Denmark (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wooden frame non-upholstered seat exports from China stood at +2.0%. At the same time, Turkey (+10.4%), Indonesia (+9.5%), Denmark (+5.1%), Vietnam (+3.4%) and Poland (+2.7%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.4% from 2012-2022. Romania and the Netherlands experienced a relatively flat trend pattern. By contrast, Malaysia (-7.5%) and Thailand (-9.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, China, Vietnam and Turkey increased by +6.5, +4.7, +3.9 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 59% of global exports.

In terms of the main exporting countries, Indonesia, with a CAGR of +18.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wooden frame non-upholstered seat export price amounted to $X per unit, picking up by 15% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame non-upholstered seat export price increased by +66.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 24%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.6%), while the other global leaders experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports

In 2022, the amount of non-upholstered seats with wooden frames imported worldwide declined to X units, waning by -11.7% compared with the previous year. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, wooden frame non-upholstered seat imports expanded to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units) represented the key importer of non-upholstered seats with wooden frames, constituting 33% of total imports. South Korea (X units) held the second position in the ranking, followed by Germany (X units). All these countries together took near 13% share of total imports. The Netherlands (X units), the UK (X units), Australia (X units), France (X units), Russia (X units), Japan (X units), Spain (X units), Sweden (X units), Canada (X units) and Denmark (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wooden frame non-upholstered seat imports into the United States stood at +2.6%. At the same time, Spain (+8.5%), Denmark (+6.9%), Sweden (+3.2%) and the Netherlands (+2.9%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +8.5% from 2012-2022. Australia, Canada, South Korea and Germany experienced a relatively flat trend pattern. By contrast, Japan (-1.5%), the UK (-2.2%), France (-2.6%) and Russia (-4.6%) illustrated a downward trend over the same period. The United States (+4.2 p.p.) significantly strengthened its position in terms of the global imports, while France and Russia saw its share reduced by -1.5% and -1.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported non-upholstered seats with wooden frames worldwide, comprising 26% of global imports. The second position in the ranking was taken by South Korea ($X), with an 8.4% share of global imports. It was followed by Germany, with an 8.3% share.

In the United States, wooden frame non-upholstered seat imports expanded at an average annual rate of +4.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+3.1% per year) and Germany (+2.7% per year).

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, rising by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 an increase of 17%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Denmark ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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