Report Update: Nov 1, 2024

China - Seats - Market Analysis, Forecast, Size, Trends and Insights

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Seat Prices in China

China Seat Export Price in August 2022

In August 2022, the seat price stood at $34.1 per unit (FOB, China), dropping by -13.9% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 6.7% m-o-m. Over the period under review, the average export prices reached the peak figure at $39.6 per unit in July 2022, and then contracted in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($61.1 per unit), while the average price for exports to Malaysia ($6.4 per unit) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

China Seat Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was seats; of a kind used for aircraft ($6,336 per unit), while the average price for exports of seats; n.e.s. in heading no. 9401, (excluding medical, surgical, dental, veterinary or barber furniture) ($13.2 per unit) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: seats; of a kind used for aircraft (+50.9%), while the prices for the other products experienced more modest paces of growth.

China Seat Exports

In August 2022, shipments abroad of seats was finally on the rise to reach 51M units for the first time since March 2022, thus ending a four-month declining trend. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in March 2022 with an increase of 41% m-o-m. The exports peaked at 83M units in January 2022; however, from February 2022 to August 2022, the exports remained at a lower figure.

In value terms, seat exports fell to $1.7B (IndexBox estimates) in August 2022. Overall, exports, however, recorded a deep downturn. The growth pace was the most rapid in March 2022 when exports increased by 41% month-to-month. The exports peaked at 2.8B units in January 2022; however, from February 2022 to August 2022, the exports stood at a somewhat lower figure.

China Seat Exports by Type

Upholstered seats with metal frames (14M units), seats; n.e.s. in heading no. 9401, (excluding medical, surgical, dental, veterinary or barber furniture) (14M units) and non-upholstered seats with metal frames (13M units) were the main products of seat exports from China, with a combined 82% share of total exports. These products were followed by upholstered seats with wooden frames, non-upholstered seats with wooden frames, seats for motor vehicles and seats; of a kind used for aircraft, which together accounted for a further 18%.

From January 2022 to August 2022, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by vehicle seat (with a CAGR of +11.6%), while the other products experienced mixed trend patterns.

In value terms, upholstered seats with metal frames ($612M), upholstered seats with wooden frames ($597M) and non-upholstered seats with metal frames ($235M) were the most exported types of seats from China worldwide, together accounting for 84% of total exports. Seats; n.e.s. in heading no. 9401, (excluding medical, surgical, dental, veterinary or barber furniture), non-upholstered seats with wooden frames, seats for motor vehicles and seats; of a kind used for aircraft lagged somewhat behind, together comprising a further 16%.

Among the main product categories, vehicle seat, with a CAGR of +1.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced a decline.

China Seat Exports by Country

The United States (12M units), Malaysia (7.1M units) and Japan (2.7M units) were the main destinations of seat exports from China, together comprising 42% of total exports.

From January 2022 to August 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +27.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($452M) remains the key foreign market for seat exports from China, comprising 26% of total exports. The second position in the ranking was taken by South Korea ($121M), with a 7% share of total exports. It was followed by Australia, with a 5.7% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of value to the United States amounted to -9.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (-1.7% per month) and Australia (-1.6% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the seat market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29321000 - Seats for motor vehicles
Prodcom 30305010 - Seats for aircraft, parts thereof
Prodcom 31001155 -
Prodcom 31001159 -
Prodcom 31001170 - Upholstered seats with metal frames (excluding swivel seats, m edical, surgical, dental or veterinary seats, barbers
Prodcom 31001190 - Non-upholstered seats with metal frames (excluding medical, s urgical, dental or veterinary seats, barbers
Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)
Prodcom 31001230 - Seats of cane, osier, bamboo or similar materials
Prodcom 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)
Prodcom 31001290 - Non-upholstered seats with wooden frames (excluding swivel seats)
Prodcom 31001300 - Other seats, of HS

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023