Overview of the Global Market for Upholstered Seats With Metal Frames

Market Size for Upholstered Seats With Metal Frames

In 2021, after seven years of growth, there was decline in the global metal frame upholstered seat market, when its value decreased by -3.9% to $X. In general, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +52.2% against 2013 indices. Global consumption peaked at $X in 2020, and then dropped slightly in the following year.

Production of Upholstered Seats With Metal Frames

In value terms, metal frame upholstered seat production dropped to $X in 2021 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 30% against the previous year. Global production peaked at $X in 2020, and then dropped slightly in the following year.

Exports of Upholstered Seats With Metal Frames

Exports

In 2021, overseas shipments of upholstered seats with metal frames increased by 21% to X units, rising for the fourth year in a row after three years of decline. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 313% against the previous year. The global exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, metal frame upholstered seat exports soared to $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +120.8% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X units, which was near 87% of total exports in 2021. The following exporters - the Netherlands (X units) and Poland (X units) - each recorded a 3.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal frame upholstered seat exports from China stood at +6.5%. At the same time, the Netherlands (+20.9%) and Poland (+17.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.9% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal frame upholstered seat supplier worldwide, comprising 72% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a 2.5% share of global exports.

In China, metal frame upholstered seat exports expanded at an average annual rate of +5.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+15.6% per year) and Poland (+14.8% per year).

Export Prices by Country

The average metal frame upholstered seat export price stood at $X per unit in 2021, increasing by 2.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 131% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per unit), while China ($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 (-1.3%), while the other global leaders experienced a decline in the export price figures.

Imports of Upholstered Seats With Metal Frames

Imports

In 2021, global metal frame upholstered seat imports surged to X units, picking up by 30% on 2020. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.8% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal frame upholstered seat imports soared to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.9% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units), distantly followed by Germany (X units), Paraguay (X units), Japan (X units) and the Netherlands (X units) were the largest importers of upholstered seats with metal frames, together creating 48% of total imports. France (X units), the UK (X units), Canada (X units), Australia (X units), Poland (X units), Switzerland (X units), Denmark (X units) and Belgium (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Poland (+25.8%), the Netherlands (+17.7%), Denmark (+14.0%), the UK (+9.8%), Paraguay (+9.2%), Germany (+7.1%), Belgium (+7.0%), France (+6.6%), Canada (+5.0%), Australia (+4.0%) and Switzerland (+1.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +25.8% from 2012-2021. By contrast, Japan (-1.7%) illustrated a downward trend over the same period. The Netherlands (+3.3 p.p.), the United States (+2.1 p.p.), Paraguay (+1.8 p.p.) and Poland (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Japan saw its share reduced by -5.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 34% of global imports. These countries were followed by France, the UK, Canada, Japan, Australia, Poland, Switzerland, Denmark, Belgium and Paraguay, which together accounted for a further 32%.

Poland, with a CAGR of +27.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2021, increasing by 4.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2016 an increase of 7.1%. Global import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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