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

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

In 2021, the Asia-Pacific metal frame non-upholstered seat market decreased by -17.4% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption recorded a mild decrease. The pace of growth was the most pronounced in 2020 with an increase of 9.5%. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Production of Non-Upholstered Seats With Metal Frames in Asia-Pacific

In value terms, metal frame non-upholstered seat production fell modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, production hit record highs at $X in 2020, and then dropped slightly in the following year.

Exports of Non-Upholstered Seats With Metal Frames

Exports in Asia-Pacific

In 2021, overseas shipments of non-upholstered seats with metal frames were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed a tangible increase. The pace of growth was the most pronounced in 2018 with an increase of 341% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, metal frame non-upholstered seat exports soared to $X in 2021. The total export value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X units, which was near 95% of total exports in 2021. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal frame non-upholstered seat exports from China stood at +4.2%. At the same time, Vietnam (+16.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +16.1% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal frame non-upholstered seat supplier in Asia-Pacific, comprising 87% of total exports. The second position in the ranking was held by Vietnam ($X), with a 7.8% share of total exports.

In China, metal frame non-upholstered seat exports increased at an average annual rate of +3.7% over the period from 2012-2021.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, picking up by 12% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 112%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a 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 amounted to $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-Pacific

Metal frame non-upholstered seat imports expanded significantly to X units in 2021, picking up by 15% compared with the previous year. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 20%. Over the period under review, imports attained the peak figure in 2021 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 resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.5% against 2016 indices. The growth pace was the most rapid in 2018 when imports increased by 24%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

The purchases of the three major importers of non-upholstered seats with metal frames, namely Japan, South Korea and Australia, represented more than two-thirds of total import. It was distantly followed by Thailand (X units), comprising a 7.6% share of total imports. The following importers - Malaysia (X units), Taiwan (Chinese) (X units), New Zealand (X units), Indonesia (X units), Vietnam (X units), India (X units) and the Philippines (X units) - together made up 19% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal frame non-upholstered seat importing markets in Asia-Pacific were Australia ($X), Japan ($X) and South Korea ($X), with a combined 73% share of total imports. These countries were followed by New Zealand, Thailand, Taiwan (Chinese), Indonesia, India, Malaysia, the Philippines and Vietnam, which together accounted for a further 20%.

The Philippines, with a CAGR of +18.3%, saw the highest rates of growth with regard to 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 Asia-Pacific amounted to $X per unit, increasing by 7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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