Serbia: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Serbia

After two years of growth, the Serbian wooden frame upholstered seat market decreased by X% to $X in 2022. Overall, consumption showed a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Upholstered Seats With Wooden Frames in Serbia

In value terms, wooden frame upholstered seat production soared to $X in 2022 estimated in export price. Overall, production saw a mild decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Wooden frame upholstered seat production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports from Serbia

After two years of decline, overseas shipments of upholstered seats with wooden frames increased by X% to X units in 2022. Overall, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports surged to $X in 2022. In general, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units), France (X units) and Croatia (X units) were the main destinations of wooden frame upholstered seat exports from Serbia, with a combined X% share of total exports. Montenegro, Bosnia and Herzegovina, the Netherlands, North Macedonia, Bulgaria, Russia, Switzerland, Romania, Slovenia and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), France ($X) and Croatia ($X) appeared to be the largest markets for wooden frame upholstered seat exported from Serbia worldwide, with a combined X% share of total exports. Montenegro, Bosnia and Herzegovina, the Netherlands, North Macedonia, Bulgaria, Russia, Switzerland, Romania, Slovenia and Germany lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame upholstered seat export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bulgaria ($X per unit) and Bosnia and Herzegovina ($X per unit), while the average price for exports to Slovenia ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Serbia

In 2022, supplies from abroad of upholstered seats with wooden frames decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw strong growth. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2021, and then shrank modestly in the following year.

In value terms, wooden frame upholstered seat imports expanded notably to $X in 2022. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X units), Turkey (X units) and Bosnia and Herzegovina (X units) were the main suppliers of wooden frame upholstered seat imports to Serbia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Turkey ($X) and Bosnia and Herzegovina ($X) constituted the largest wooden frame upholstered seat suppliers to Serbia, together comprising X% of total imports.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per unit) and North Macedonia ($X per unit), while the price for Croatia ($X per unit) and Romania ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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