Venezuela: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Venezuela

For the fourth year in a row, the Venezuelan wooden frame upholstered seat market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports from Venezuela

For the fifth year in a row, Venezuela recorded decline in overseas shipments of upholstered seats with wooden frames, which decreased by X% to X units in 2022. Overall, exports, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, wooden frame upholstered seat exports contracted remarkably to $X in 2022. In general, exports, however, recorded modest growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Bahrain (X units) was the main destination for wooden frame upholstered seat exports from Venezuela, with a X% share of total exports. It was followed by Guyana (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bahrain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (X% per year) and Costa Rica (X% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for upholstered seats with wooden frames exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Guyana (X% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, saw a slight decrease. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Guyana ($X per unit) was amongst the lowest.

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

Imports of Upholstered Seats With Wooden Frames

Imports into Venezuela

In 2022, overseas purchases 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. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat imports rose rapidly to $X in 2022. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and the United States (X units) were the main suppliers of wooden frame upholstered seat imports to Venezuela, together comprising X% of total imports. Turkey, Brazil, Denmark, Portugal and Colombia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Italy ($X) and the United States ($X) appeared to be the largest wooden frame upholstered seat suppliers to Venezuela, together comprising X% of total imports. Brazil, Portugal, Turkey, Denmark and Colombia lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, surging by X% against the previous year. Overall, import price indicated a remarkable increase 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. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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