Puerto Rico: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Puerto Rico

The Puerto Rican metal frame upholstered seat market expanded notably to $X in 2021, picking up by 6% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Upholstered Seats With Metal Frames in Puerto Rico

In value terms, metal frame upholstered seat production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. Puerto Rico production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Upholstered Seats With Metal Frames

Exports from Puerto Rico

In 2021, approx. less than X units of upholstered seats with metal frames were exported from Puerto Rico; approximately equating the year before. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, metal frame upholstered seat exports amounted to less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

China prevails in exports structure, accounting for X units, which was approx. 87% of total exports in 2021. The Netherlands (X units), Poland (X units), Italy (X units) and Germany (X units) took a minor share of total exports.

Exports from China increased at an average annual rate of +6.5% from 2012 to 2021. At the same time, the Netherlands (+20.9%), Poland (+17.9%) and Germany (+3.1%) 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. By contrast, Italy (-1.3%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal frame upholstered seat supplier from Puerto Rico, comprising 72% of global exports. The second position in the ranking was held by Italy ($X), with a 4.7% share of global exports. It was followed by Germany, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +5.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+5.9% per year) and Germany (+3.2% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, approximately equating the previous year. In general, the export price showed a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Upholstered Seats With Metal Frames

Imports into Puerto Rico

Metal frame upholstered seat imports into Puerto Rico stood at less than X units in 2021, flattening at the previous year's figure. Overall, imports recorded a relatively flat trend pattern.

In value terms, metal frame upholstered seat imports amounted to less than $X in 2021. Over the period under review, imports showed a relatively flat trend pattern.

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 main importers of upholstered seats with metal frames, together committing 48% of total imports. The following importers - 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) - together made up 23% of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal frame upholstered seat imports into the United States stood at +6.4%. 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 largest metal frame upholstered seat importing markets into Puerto Rico were the United States ($X), Germany ($X) and the Netherlands ($X), with a combined 34% share of total 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%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per thousand units), while Paraguay ($X per thousand units) 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 leaders experienced more modest paces of growth.

Source: IndexBox Platform

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