Greece: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Greece

The Greek wooden frame upholstered seat market fell slightly to $X in 2023, almost unchanged from the previous year. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Upholstered Seats With Wooden Frames in Greece

In value terms, wooden frame upholstered seat production contracted to $X in 2023 estimated in export price. Overall, production, however, recorded a resilient increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Wooden frame upholstered seat production peaked at $X in 2022, and then contracted in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from Greece

In 2023, approx. X units of upholstered seats with wooden frames were exported from Greece; increasing by X% on 2022 figures. Over the period under review, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports surged to $X in 2023. In general, exports posted a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Cyprus (X units) was the main destination for wooden frame upholstered seat exports from Greece, accounting for a X% share of total exports. Moreover, wooden frame upholstered seat exports to Cyprus exceeded the volume sent to the second major destination, Italy (X units), threefold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Cyprus stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

In value terms, Cyprus ($X) remains the key foreign market for upholstered seats with wooden frames exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Romania, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Cyprus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Romania (X% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2023, increasing by X% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. 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 2019 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Greece

In 2023, the amount of upholstered seats with wooden frames imported into Greece expanded sharply to X units, surging by X% on 2022. Overall, imports recorded a strong increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, wooden frame upholstered seat imports rose sharply to $X in 2023. Over the period under review, total imports indicated a temperate increase 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 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X units), Bulgaria (X units) and Romania (X units) were the main suppliers of wooden frame upholstered seat imports to Greece, together comprising X% of total imports. Serbia, China, North Macedonia and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat suppliers to Greece were Turkey ($X), Bulgaria ($X) and Romania ($X), together accounting for X% of total imports. Italy, China, Serbia and North Macedonia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Serbia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform