Asia: Seat Market 2025

Seat Market Size in Asia

In 2021, the Asian seat market decreased by -16.5% to $X for the first time since 2015, thus ending a five-year rising trend. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced markedly in the following year.

Seat Production in Asia

In value terms, seat production rose to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed pronounced growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Seat Exports

Exports in Asia

In 2021, shipments abroad of seats increased by 20% to X tons, rising for the fourth year in a row after two years of decline. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +125.9% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of 70%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, seat exports skyrocketed to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.9% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. 86% of total exports in 2021. It was distantly followed by Vietnam (X tons), creating a 5.4% share of total exports. The following exporters - Turkey (X tons) and Taiwan (Chinese) (X tons) - together made up 4.3% of total exports.

From 2012 to 2021, average annual rates of growth with regard to seat exports from China stood at +5.9%. At the same time, Vietnam (+14.7%), Taiwan (Chinese) (+7.7%) and Turkey (+4.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +14.7% from 2012-2021. From 2012 to 2021, the share of Vietnam and China increased by +2.9 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest seat supplier in Asia, comprising 76% of total exports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total exports. It was followed by Turkey, with a 2.4% share.

In China, seat exports increased at an average annual rate of +6.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+23.1% per year) and Turkey (+6.9% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, increasing by 9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 an increase of 24%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood 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 ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.3%), while the other leaders experienced more modest paces of growth.

Seat Imports

Imports in Asia

In 2021, the amount of seats imported in Asia skyrocketed to X tons, rising by 23% on 2020. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, seat imports soared to $X in 2021. The total import value 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly 36% of total imports in 2021. The United Arab Emirates (X tons) ranks next in terms of the total imports with a 6.7% share, followed by Taiwan (Chinese) (6.4%). Israel (X tons), Thailand (X tons), Malaysia (X tons), India (X tons), Hong Kong SAR (X tons), Indonesia (X tons), Singapore (X tons), Iraq (X tons) and the Philippines (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +11.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest seat importing markets in Asia were Japan ($X), South Korea ($X) and the United Arab Emirates ($X), with a combined 44% share of total imports. These countries were followed by Israel, Taiwan (Chinese), Hong Kong SAR, Iraq, India, Thailand, Singapore, Malaysia, Indonesia and the Philippines, which together accounted for a further 26%.

The Philippines, with a CAGR of +17.2%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 amounted to $X per ton, with an increase of 3.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 12%. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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