ASEAN: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in ASEAN

After three years of growth, the ASEAN metal frame non-upholstered seat market decreased by -10.4% to $X in 2021. Overall, consumption showed a perceptible downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Non-Upholstered Seats With Metal Frames in ASEAN

In value terms, metal frame non-upholstered seat production reduced to $X in 2021 estimated in export price. In general, production saw a noticeable shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 12%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Non-Upholstered Seats With Metal Frames

Exports in ASEAN

In 2021, the amount of non-upholstered seats with metal frames exported in ASEAN surged to X units, rising by 66% against the previous year. In general, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 86%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, metal frame non-upholstered seat exports skyrocketed to $X in 2021. Overall, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam was the largest exporting country with an export of around X units, which finished at 63% of total exports. It was distantly followed by Malaysia (X units) and Indonesia (X units), together achieving a 34% share of total exports.

Exports from Vietnam increased at an average annual rate of +16.1% from 2012 to 2021. At the same time, Malaysia (+26.2%) and Indonesia (+1.3%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +26.2% from 2012-2021. While the share of Malaysia (+14 p.p.) and Vietnam (+8.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-20.7 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest metal frame non-upholstered seat supplier in ASEAN, comprising 79% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Vietnam stood at +14.8%. In the other countries, the average annual rates were as follows: Indonesia (+5.7% per year) and Malaysia (+3.7% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, reducing by -9.4% against the previous year. Overall, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.3%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Upholstered Seats With Metal Frames

Imports in ASEAN

In 2021, the amount of non-upholstered seats with metal frames imported in ASEAN skyrocketed to X units, rising by 34% against 2020 figures. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal frame non-upholstered seat imports skyrocketed to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.1% against 2019 indices. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Thailand represented the key importing country with an import of around X units, which reached 40% of total imports. Malaysia (X units) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (13%), Vietnam (12%), the Philippines (8.8%) and Singapore (4.8%). Cambodia (X units) took a minor share of total imports.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of non-upholstered seats with metal frames. At the same time, the Philippines (+23.6%), Vietnam (+19.1%), Malaysia (+7.4%), Cambodia (+4.8%) and Indonesia (+1.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +23.6% from 2012-2021. By contrast, Singapore (-2.1%) illustrated a downward trend over the same period. Vietnam (+8.5 p.p.), the Philippines (+7 p.p.) and Malaysia (+4.7 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Singapore and Thailand saw its share reduced by -3.1%, -3.5% and -12.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 67% share of total imports. These countries were followed by the Philippines, Vietnam, Singapore and Cambodia, which together accounted for a further 32%.

The Philippines, with a CAGR of +18.3%, recorded 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

In 2021, the import price in ASEAN amounted to $X per unit, falling by -5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 13%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+0.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform