Wooden Frame Non-Upholstered Seat Market

The article discusses the current and projected trends in the global market for non-upholstered seats with wooden frames. Consumption, production, imports, and exports are analyzed, with insights into key market players such as China, the United States, and India. The data reveals growth patterns in volume and value terms, highlighting the market's steady expansion and key countries' roles in the industry.

Market Forecast

Driven by increasing demand for non-upholstered seats with wooden frames worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.4% for the period from 2022 to 2030, which is projected to bring the market volume to 262M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $11.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Non-Upholstered Seats With Wooden Frames

In 2022, global consumption of non-upholstered seats with wooden frames reached 235M units, surging by 1.5% on the previous year's figure. The total consumption volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak volume of 243M units. From 2021 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global wooden frame non-upholstered seat market value expanded slightly to $8.8B in 2022, surging by 2.8% 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). The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the global market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Consumption By Country

China (67M units) remains the largest wooden frame non-upholstered seat consuming country worldwide, comprising approx. 29% of total volume. Moreover, wooden frame non-upholstered seat consumption in China exceeded the figures recorded by the second-largest consumer, India (25M units), threefold. The United States (20M units) ranked third in terms of total consumption with an 8.3% share.

In China, wooden frame non-upholstered seat consumption expanded at an average annual rate of +3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+5.2% per year) and the United States (-2.5% per year).

In value terms, the largest wooden frame non-upholstered seat markets worldwide were China ($1.3B), the United States ($868M) and India ($837M), with a combined 34% share of the global market. Brazil, Mexico, Turkey, South Korea, Germany, Iran, Indonesia, Thailand, Malaysia and Poland lagged somewhat behind, together accounting for a further 25%.

Malaysia, with a CAGR of +11.1%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of wooden frame non-upholstered seat per capita consumption in 2022 were Malaysia (116 units per 1000 persons), Poland (108 units per 1000 persons) and South Korea (76 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +8.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Non-Upholstered Seats With Wooden Frames

In 2022, production of non-upholstered seats with wooden frames increased by 0.4% to 266M units, rising for the third year in a row after two years of decline. The total output volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 8.2%. Global production peaked in 2022 and is likely to see steady growth in years to come.

In value terms, wooden frame non-upholstered seat production reached $8.1B in 2022 estimated in export price. Overall, production, however, saw a slight slump. The pace of growth was the most pronounced in 2020 with an increase of 16%. Global production peaked at $9.3B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

China (97M units) remains the largest wooden frame non-upholstered seat producing country worldwide, comprising approx. 36% of total volume. Moreover, wooden frame non-upholstered seat production in China exceeded the figures recorded by the second-largest producer, Vietnam (28M units), threefold. India (25M units) ranked third in terms of total production with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +2.8%. In the other countries, the average annual rates were as follows: Vietnam (+8.2% per year) and India (+4.1% per year).

Imports

World Imports of Non-Upholstered Seats With Wooden Frames

After three years of growth, supplies from abroad of non-upholstered seats with wooden frames decreased by -4.3% to 68M units in 2022. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of 71M units, and then reduced slightly in the following year.

In value terms, wooden frame non-upholstered seat imports amounted to $3.6B in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports By Country

The United States was the main importer of non-upholstered seats with wooden frames in the world, with the volume of imports resulting at 20M units, which was near 29% of total imports in 2022. Germany (5M units) took the second position in the ranking, followed by South Korea (4M units) and the Netherlands (3.7M units). All these countries together held approx. 19% share of total imports. France (2.6M units), the UK (2.2M units), Australia (2M units), Belgium (1.8M units), Malaysia (1.7M units), Spain (1.5M units), Sweden (1.4M units), Japan (1.3M units) and Italy (1.3M units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +2.6% from 2012 to 2022. At the same time, Malaysia (+10.8%), Spain (+10.5%), the Netherlands (+7.1%), Sweden (+4.1%), Belgium (+3.7%), Italy (+2.5%) and Germany (+1.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +10.8% from 2012-2022. Australia, France and South Korea experienced a relatively flat trend pattern. By contrast, Japan (-1.5%) and the UK (-2.2%) illustrated a downward trend over the same period. While the share of the Netherlands (+2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of South Korea (-1.8 p.p.) and the UK (-2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($918M) constitutes the largest market for imported non-upholstered seats with wooden frames worldwide, comprising 25% of global imports. The second position in the ranking was held by Germany ($299M), with an 8.3% share of global imports. It was followed by South Korea, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +4.8%. In the other countries, the average annual rates were as follows: Germany (+3.0% per year) and South Korea (+3.1% per year).

Import Prices By Country

In 2022, the average wooden frame non-upholstered seat import price amounted to $53 per unit, picking up by 9.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 UK ($73 per unit), while Malaysia ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Non-Upholstered Seats With Wooden Frames

In 2022, approx. 98M units of non-upholstered seats with wooden frames were exported worldwide; reducing by -5.4% compared with 2021 figures. The total export volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. As a result, the exports attained the peak of 104M units, and then contracted in the following year.

In value terms, wooden frame non-upholstered seat exports rose slightly to $3.8B in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. The global exports peaked in 2022 and are likely to continue growth in years to come.

Exports By Country

China (30M units) and Vietnam (26M units) represented roughly 57% of total exports in 2022. It was distantly followed by Indonesia (16M units), achieving a 17% share of total exports. The following exporters - Malaysia (4.4M units), Turkey (2.7M units), the Netherlands (1.7M units), Thailand (1.7M units), Poland (1.6M units) and Romania (1.6M units) - together made up 14% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +15.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($855M), Vietnam ($817M) and Indonesia ($520M) constituted the countries with the highest levels of exports in 2022, together accounting for 57% of global exports.

Indonesia, with a CAGR of +15.7%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 $39 per unit, picking up by 8.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 an increase of 26%. As a result, the export price reached the peak level of $43 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($108 per unit), while China ($28 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform