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

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

The Asian wooden frame non-upholstered seat market contracted modestly to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then dropped slightly in the following year.

Production of Non-Upholstered Seats With Wooden Frames in Asia

In value terms, wooden frame non-upholstered seat production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate slight growth. The most prominent rate of growth was recorded in 2013 with an increase of 6% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Exports of Non-Upholstered Seats With Wooden Frames

Exports in Asia

In 2022, approx. X units of non-upholstered seats with wooden frames were exported in Asia; with a decrease of -4% compared with the year before. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 11%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports rose rapidly to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +46.8% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X units) was the main exporter of non-upholstered seats with wooden frames, generating 48% of total exports. It was distantly followed by Vietnam (X units), Indonesia (X units) and Malaysia (X units), together mixing up a 42% share of total exports. The following exporters - Turkey (X units), Thailand (X units) and India (X units) - together made up 8.4% of total exports.

From 2012 to 2022, average annual rates of growth with regard to wooden frame non-upholstered seat exports from China stood at +2.0%. At the same time, Turkey (+10.4%), Indonesia (+9.5%) and Vietnam (+3.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +10.4% from 2012-2022. By contrast, India (-6.6%), Malaysia (-7.5%) and Thailand (-9.9%) illustrated a downward trend over the same period. Indonesia (+7.9 p.p.), Vietnam (+3.7 p.p.), China (+2.8 p.p.) and Turkey (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while India, Thailand and Malaysia saw its share reduced by -1.9%, -6.3% and -9.1% from 2012 to 2022, respectively.

In value terms, the largest wooden frame non-upholstered seat supplying countries in Asia were China ($X), Vietnam ($X) and Indonesia ($X), with a combined 86% share of total exports.

In terms of the main exporting countries, Indonesia, with a CAGR of +18.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, growing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2021 an increase of 25% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.9%), while the other leaders experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports in Asia

In 2022, wooden frame non-upholstered seat imports in Asia reduced to X units, falling by -12.4% on 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 15%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wooden frame non-upholstered seat imports shrank to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 13%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea was the main importer of non-upholstered seats with wooden frames in Asia, with the volume of imports recording X units, which was near 33% of total imports in 2022. Japan (X units) ranks second in terms of the total imports with an 11% share, followed by Malaysia (8.6%), China (7.2%), Taiwan (Chinese) (6.9%) and the United Arab Emirates (6.8%). The following importers - Hong Kong SAR (X units), Thailand (X units), Israel (X units), Iraq (X units), India (X units) and Singapore (X units) - together made up 16% of total imports.

South Korea experienced a relatively flat trend pattern with regard to volume of imports of non-upholstered seats with wooden frames. At the same time, India (+11.5%), Thailand (+8.2%), Malaysia (+5.7%), the United Arab Emirates (+5.5%), Taiwan (Chinese) (+3.5%) and China (+1.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +11.5% from 2012-2022. Hong Kong SAR, Israel, Iraq and Singapore experienced a relatively flat trend pattern. By contrast, Japan (-1.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, the United Arab Emirates, Thailand and Taiwan (Chinese) increased by +3.2, +2.5, +1.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported non-upholstered seats with wooden frames in Asia, comprising 43% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports. It was followed by China, with an 8% share.

From 2012 to 2022, the average annual growth rate of value in South Korea totaled +3.1%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+2.0% per year) and China (+2.7% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, growing by 1.9% against the previous year. Overall, the import price, however, recorded a mild decline. The pace of growth was the most pronounced in 2018 an increase of 15% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 more modest paces of growth.

Source: IndexBox Platform

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