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

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

The Asia-Pacific wooden frame non-upholstered seat market totaled $X in 2022, leveling off at the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

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

In value terms, wooden frame non-upholstered seat production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 6.2% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Non-Upholstered Seats With Wooden Frames

Exports in Asia-Pacific

In 2022, wooden frame non-upholstered seat exports in Asia-Pacific shrank to X units, waning by -5.6% compared with 2021. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 11% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat exports amounted to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +44.9% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, China (X units) represented the major exporter of non-upholstered seats with wooden frames, achieving 50% of total exports. It was distantly followed by Vietnam (X units), Indonesia (X units) and Malaysia (X units), together comprising a 44% share of total exports. Thailand (X units) and India (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +2.0% from 2012 to 2022. At the same time, Indonesia (+9.5%) and Vietnam (+3.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +9.5% from 2012-2022. By contrast, India (-6.6%), Malaysia (-7.5%) and Thailand (-9.9%) illustrated a downward trend over the same period. While the share of Indonesia (+8.5 p.p.), Vietnam (+4.4 p.p.) and China (+4.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-1.9 p.p.), Thailand (-6.3 p.p.) and Malaysia (-9.1 p.p.) displayed negative dynamics.

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2022, together accounting for 89% of total exports.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, with an increase of 14% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +58.2% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 26%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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-Pacific

In 2022, imports of non-upholstered seats with wooden frames in Asia-Pacific contracted to X units, with a decrease of -12.3% on the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, wooden frame non-upholstered seat imports reduced to $X in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

South Korea was the largest importing country with an import of about X units, which resulted at 33% of total imports. It was distantly followed by Australia (X units), Japan (X units), Malaysia (X units), China (X units) and Taiwan (Chinese) (X units), together making up a 50% share of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +5.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constitutes the largest market for imported non-upholstered seats with wooden frames in Asia-Pacific, comprising 41% of total imports. The second position in the ranking was held by Australia ($X), with an 18% share of total imports. It was followed by Japan, with a 13% share.

In South Korea, wooden frame non-upholstered seat imports increased at an average annual rate of +3.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+6.8% per year) and Japan (+2.0% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, picking up by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2018 an increase of 21% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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