Asia: Metal Furniture Market 2020

Metal Furniture Market Size in Asia

The revenue of the metal furniture market in Asia amounted to $X in 2017, coming down by -X% against the previous year. The total market indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the metal furniture consumption decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2008, when market value increased by X% y-o-y. Over the period under review, the metal furniture market attained its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Metal Furniture Production in Asia

In 2017, the amount of metal furniture produced in Asia totaled X units, growing by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016, with an increase of X% against the previous year. The volume of metal furniture production peaked in 2017, and is likely to continue its growth in the immediate term.

Metal Furniture Exports in Asia

In 2017, metal furniture exports in Asia amounted to X units, going up by X% against the previous year. The metal furniture exports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2012, when it surged by X% against the previous year. The volume of exports peaked of X units in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, metal furniture exports stood at $X in 2017. The metal furniture exports continue to indicate a prominent increase. Over the period under review, the metal furniture exports attained its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Metal Furniture Exports by Country in Asia

China prevails in metal furniture exports structure, amounting to X units, which was near X% of total exports in 2017. It was distantly followed by Taiwan, Chinese (X units), achieving X% share of total exports. Turkey (X units), Vietnam (X units), India (X units) and Malaysia (X units) occupied the slight share of total exports.

From 2007 to 2017, average annual rates of growth with regard to metal furniture exports from China stood at +X%. At the same time, India (+X%), Vietnam (+X%), Turkey (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. Vietnam (-X%), India (-X%) and China (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal furniture supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Taiwan, Chinese ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

In China, metal furniture exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Taiwan, Chinese (+X% per year) and Vietnam (+X% per year).

Metal Furniture Export Prices by Country in Asia

In 2017, the metal furniture export price in Asia amounted to $X per thousand units, waning by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, when the export prices increased by X% y-o-y. Over the period under review, the export prices for metal furniture attained its maximum level of $X per thousand units in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was China ($X per thousand units), while Malaysia ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

Metal Furniture Imports in Asia

In 2017, metal furniture imports in Asia totaled X units, rising by X% against the previous year. The total imports indicated a prominent growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the metal furniture imports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. The volume of imports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, metal furniture imports totaled $X in 2017. The total imports indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the metal furniture imports increased by +X% against 2009 indices. The level of imports peaked in 2017, and are likely to continue its growth in the near future.

Metal Furniture Imports by Country in Asia

In 2017, Japan (X units), distantly followed by Saudi Arabia (X units), South Korea (X units), the United Arab Emirates (X units), the Philippines (X units) and Iraq (X units) were the major importers of metal furniture, together constituting X% of total imports. Indonesia (X units), China, Hong Kong SAR (X units), Singapore (X units), Thailand (X units), China (X units) and Taiwan, Chinese (X units) took the mild share of total imports.

Japan experienced a relatively flat trend pattern of metal furniture imports. At the same time, Saudi Arabia (+X%), Thailand (+X%), the Philippines (+X%), Indonesia (+X%), South Korea (+X%), China (+X%), Iraq (+X%), Singapore (+X%), the United Arab Emirates (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. China, Hong Kong SAR experienced a relatively flat trend pattern. From 2007 to 2017, the share of Thailand, the United Arab Emirates, Iraq, Indonesia, the Philippines, South Korea and Saudi Arabia decreased by -X%, -X%, -X%, -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported metal furniture in Asia, making up X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

In Japan, metal furniture imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (+X% per year) and the United Arab Emirates (+X% per year).

Metal Furniture Import Prices by Country in Asia

In 2017, the metal furniture import price in Asia amounted to $X per thousand units, remaining constant against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. The level of import price peaked of $X per thousand units in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per thousand units), while the Philippines ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform