Overview of the Global Market for Upholstered Seats With Wooden Frames

Market Size for Upholstered Seats With Wooden Frames

After two years of decline, the global wooden frame upholstered seat market increased by 5.5% to $X in 2022. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Upholstered Seats With Wooden Frames

In value terms, wooden frame upholstered seat production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 21%. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports

After four years of growth, overseas shipments of upholstered seats with wooden frames decreased by -15.3% to X units in 2022. Overall, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.8% against 2014 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. As a result, the exports reached the peak of X units, and then contracted notably in the following year.

In value terms, wooden frame upholstered seat exports contracted to $X in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.8% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

China represented the main exporting country with an export of about X units, which amounted to 47% of total exports. It was distantly followed by Vietnam (X units) and Poland (X units), together committing a 32% share of total exports. Italy (X units) and Mexico (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wooden frame upholstered seat exports from China stood at +1.1%. At the same time, Vietnam (+35.4%), Mexico (+12.2%), Poland (+11.0%) and Italy (+1.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.4% from 2012-2022. While the share of Vietnam (+19 p.p.) and Poland (+5 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-20 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wooden frame upholstered seat supplier worldwide, comprising 33% of global exports. The second position in the ranking was held by Vietnam ($X), with a 16% share of global exports. It was followed by Poland, with a 12% share.

In China, wooden frame upholstered seat exports expanded at an average annual rate of +3.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+25.1% per year) and Poland (+5.6% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, growing by 7.3% against the previous year. Overall, the export price saw mild growth. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.2%), while the other global leaders experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports

In 2022, after seven years of growth, there was significant decline in purchases abroad of upholstered seats with wooden frames, when their volume decreased by -14.2% to X units. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +49.8% against 2012 indices. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, wooden frame upholstered seat imports declined slightly to $X in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value 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, imports increased by +27.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

The United States dominates imports structure, reaching X units, which was approx. 52% of total imports in 2022. It was distantly followed by Germany (X units) and the UK (X units), together making up an 11% share of total imports. France (X units), Canada (X units), Australia (X units), Japan (X units) and the Netherlands (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the upholstered seats with wooden frames imports, with a CAGR of +6.5% from 2012 to 2022. At the same time, the UK (+3.4%), Australia (+2.1%), France (+1.9%), the Netherlands (+1.9%), Germany (+1.7%) and Canada (+1.3%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported upholstered seats with wooden frames worldwide, comprising 36% of global imports. The second position in the ranking was taken by Germany ($X), with an 8.8% share of global imports. It was followed by the UK, with a 6.8% share.

In the United States, wooden frame upholstered seat imports increased at an average annual rate of +7.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+2.4% per year) and the UK (+5.4% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, growing by 12% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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