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

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

After two years of growth, the Asian metal frame non-upholstered seat market decreased by -17.5% to $X in 2021. In general, consumption continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 9.5% against the previous year. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Production of Non-Upholstered Seats With Metal Frames in Asia

In value terms, metal frame non-upholstered seat production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 21%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Non-Upholstered Seats With Metal Frames

Exports in Asia

After two years of decline, shipments abroad of non-upholstered seats with metal frames increased by 27% to X units in 2021. Over the period under review, exports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2018 with an increase of 337% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, metal frame non-upholstered seat exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X units, which was approx. 94% of total exports in 2021. Vietnam (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, Vietnam (+16.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +16.1% from 2012-2021. China (-1.5 p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal frame non-upholstered seat supplier in Asia, comprising 86% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 7.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +3.7%.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, increasing by 12% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 111% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.5%).

Imports of Non-Upholstered Seats With Metal Frames

Imports in Asia

In 2021, purchases abroad of non-upholstered seats with metal frames increased by 21% to X units, rising for the fourth consecutive year after three years of decline. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.7% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 27%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, metal frame non-upholstered seat imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 26%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Japan (X units) and South Korea (X units) were the key importers of non-upholstered seats with metal frames in Asia, together resulting at approx. 50% of total imports. It was distantly followed by Thailand (X units) and the United Arab Emirates (X units), together constituting a 15% share of total imports. Turkey (X units), Malaysia (X units), Taiwan (Chinese) (X units), Israel (X units), Indonesia (X units), Vietnam (X units), India (X units), Iraq (X units) and the Philippines (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +23.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, together comprising 54% of total imports. These countries were followed by Turkey, Israel, Thailand, Taiwan (Chinese), Indonesia, India, Malaysia, Iraq, the Philippines and Vietnam, which together accounted for a further 28%.

In terms of the main importing countries, the Philippines, with a CAGR of +18.3%, saw the highest growth rate of the value of imports, 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 Asia amounted to $X per unit, approximately equating the previous year. In general, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in 2017 an increase of 8.4%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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