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

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

The ASEAN wooden frame non-upholstered seat market totaled $X in 2022, with an increase of 4.9% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Production of Non-Upholstered Seats With Wooden Frames in ASEAN

In value terms, wooden frame non-upholstered seat production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 14%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Non-Upholstered Seats With Wooden Frames

Exports in ASEAN

For the third year in a row, ASEAN recorded decline in overseas shipments of non-upholstered seats with wooden frames, which decreased by -1.7% to X units in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 16%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden frame non-upholstered seat exports rose rapidly to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +35.7% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Vietnam (X units) and Indonesia (X units) represented roughly 80% of total exports in 2022. It was distantly followed by Malaysia (X units) and Thailand (X units), together making up a 19% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +9.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest wooden frame non-upholstered seat supplying countries in ASEAN were Vietnam ($X), Indonesia ($X) and Malaysia ($X), together accounting for 95% of total exports.

Indonesia, with a CAGR of +18.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, growing by 7.9% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame non-upholstered seat export price increased by +87.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of 31% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.6%), while the other leaders experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports in ASEAN

Wooden frame non-upholstered seat imports reduced to X units in 2022, declining by -11.5% on the previous year's figure. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, wooden frame non-upholstered seat imports declined to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 35%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia represented the major importing country with an import of about X units, which reached 55% of total imports. Thailand (X units) held the second position in the ranking, distantly followed by Singapore (X units) and the Philippines (X units). All these countries together held approx. 39% share of total imports. The following importers - Vietnam (X units) and Brunei Darussalam (X units) - each resulted at a 3.5% share of total imports.

Imports into Malaysia increased at an average annual rate of +5.7% from 2012 to 2022. At the same time, the Philippines (+12.1%) and Thailand (+8.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +12.1% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Vietnam (-6.5%) and Brunei Darussalam (-7.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Thailand and the Philippines increased by +8.6, +6.8 and +3.6 percentage points, respectively.

In value terms, Malaysia ($X), Singapore ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 79% share of total imports. The Philippines, Vietnam and Brunei Darussalam lagged somewhat behind, together comprising a further 13%.

The Philippines, with a CAGR of +9.9%, saw 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 2022, the import price in ASEAN amounted to $X per unit, with an increase of 7.9% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the import price increased by 14% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform