Upholstered wooden-frame seats market in Greece

Earlier Report Observations

The market for upholstered wooden-frame seats in Greece showed considerable volatility from 2018 to 2024. Starting at $21.7 million in 2018, market size fell to $18.7 million the following year. In 2020, it stabilized around $18.9 million.

A sharp expansion occurred in 2021, with the market reaching $29.5 million, a 56% increase from the previous year. This was followed by a correction to $26.6 million in 2022. Growth resumed in 2023, lifting the market to $27.4 million.

The most pronounced growth took place in 2024, when the market size jumped to $35.4 million, a 29% rise from 2023. Over the entire period, the market expanded by 63%, with the highest value recorded at the end of the timeframe.

Production upholstered wooden-frame seats in Greece

In value, 2017-2020, K $ US

Greece's production of upholstered wooden-frame seats declined for the second year in a row. In 2020, output was valued at 3,840 thousand US dollars, marking a sharp contraction of 28.1% compared to 2019. Production fell by 25.2% between 2017 and 2020, which translates to an annualized decline of 9.2%. The peak was recorded in 2018 at 6,468 thousand US dollars, with the largest increase of 26.0% also occurring that year.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, unit

Production of upholstered wooden-frame seats in Greece dropped for the second consecutive year. In 2020, Greece produced 47,661 units, a reduction of 37.9% from the previous year. From 2017 to 2020, production decreased by 32.9%, averaging an annual decline of 12.5%. The highest output was in 2018 at 94,464 units, with the largest increase of 33.0% also recorded that year.

Annual dynamics of production in Greece in kind, 2017-2020, unit

Exports upholstered wooden-frame seats from Greece

Exports in kind, K unit

The data shows irregular changes, pointing to a volatile market. Exports hit their lowest point in 2020 and peaked in 2019, with a 3.1-fold difference between these years. In 2020, Greece exported 11.9 thousand units of upholstered wooden-frame seats, down 67.6% year-over-year. The maximum volume was in 2019 at 36.7 thousand units, with the largest increase of 71.4% also occurring that year.

Annual dynamics of product's exports from Greece in kind, 2017-2020, K unit

From 2017 to 2020, Greece traded upholstered wooden-frame seats with numerous countries. Even the top destinations—Cyprus, Germany, and the United Arab Emirates—together accounted for only 49.2% of total exports in volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

Exports of upholstered wooden-frame seats from Greece fell for the second year in a row. In 2020, exports were valued at 5,285 thousand US dollars, down 34.8% from the previous year. Between 2017 and 2020, exports decreased by 3%, averaging an annual decline of 1.0%. The highest value was recorded in 2018 at 8,201 thousand US dollars, with the largest increase of 50.5% also in that year.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

Between 2017 and 2020, exports of upholstered wooden-frame seats from Greece in value terms were not heavily concentrated. Cyprus (25.2% of export value), Germany (15.0%), and the United Arab Emirates (8.8%) together made up just 49.0% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports upholstered wooden-frame seats to Greece

Imports in kind, K unit

After two years of growth, Greece's imports of upholstered wooden-frame seats declined. In 2020, Greece imported 105.9 thousand units, a significant decrease of 13.8% year-over-year. From 2017 to 2020, imports rose by 8.2%, averaging an annual increase of 2.7%. The peak volume was in 2019 at 122.9 thousand units, with the largest increase of 18.7% recorded in 2018.

Annual dynamics of product's imports to Greece in kind, 2017-2020, K unit

From 2017 to 2020, Italy (23.9% of import volume), Bulgaria (16.2%), and Romania (16.1%) were consistently the main sources for Greece's imports, together accounting for 56.2% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

Imports of upholstered wooden-frame seats into Greece declined for the second consecutive year. In 2020, imports reached 20,311 thousand US dollars, showing a moderate drop of 5.5% from the year before. Between 2017 and 2020, imports increased by 11.9%, averaging an annual rise of 3.8%. The highest value was in 2018 at 23,448 thousand US dollars, with the largest increase of 29.2% that year and the largest decline of 8.3% in 2019.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

From 2017 to 2020, Italy (23.9% of import value), Romania (16.1%), and Bulgaria (16.1%) formed the primary group of sources for Greece's imports of upholstered wooden-frame seats, with a combined share of 56.2% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020