Latin America and the Caribbean: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Latin America and the Caribbean

After five years of decline, the Latin American wooden frame upholstered seat market increased by X% to $X in 2023. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in Latin America and the Caribbean

In value terms, wooden frame upholstered seat production dropped slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports in Latin America and the Caribbean

After five years of growth, shipments abroad of upholstered seats with wooden frames decreased by X% to X units in 2023. Overall, exports, however, posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X units in 2022, and then declined in the following year.

In value terms, wooden frame upholstered seat exports declined to $X in 2023. Over the period under review, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

Mexico was the major exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Brazil (X units), comprising an X% share of total exports.

Mexico was also the fastest-growing in terms of the upholstered seats with wooden frames exports, with a CAGR of X% from 2012 to 2023. At the same time, Brazil (X%) displayed positive paces of growth. While the share of Mexico (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest wooden frame upholstered seat supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Mexico, wooden frame upholstered seat exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per unit, declining by X% against the previous year. Export price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, wooden frame upholstered seat export price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Imports of Upholstered Seats With Wooden Frames

Imports in Latin America and the Caribbean

In 2023, the amount of upholstered seats with wooden frames imported in Latin America and the Caribbean fell modestly to X units, leveling off at 2022 figures. Overall, imports, however, showed mild growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, wooden frame upholstered seat imports reduced to $X in 2023. Total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Mexico (X units) was the main importer of upholstered seats with wooden frames, comprising X% of total imports. It was distantly followed by Peru (X units), Brazil (X units), Chile (X units) and Uruguay (X units), together creating a X% share of total imports. The following importers - Colombia (X units), Argentina (X units), the Dominican Republic (X units), Costa Rica (X units), Ecuador (X units), Panama (X units), Bolivia (X units) and Honduras (X units) - together made up X% of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Panama (X%), Bolivia (X%), the Dominican Republic (X%), Uruguay (X%), Peru (X%), Costa Rica (X%), Ecuador (X%), Brazil (X%), Honduras (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.), Uruguay (X p.p.), Brazil (X p.p.), Panama (X p.p.), the Dominican Republic (X p.p.) and Bolivia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Colombia (X p.p.) and Chile (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported upholstered seats with wooden frames in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Chile (X% per year) and Peru (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2023, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform