Australia: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Australia

The Australian metal frame upholstered seat market soared to $X in 2021, rising by 35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.8% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Upholstered Seats With Metal Frames

Exports from Australia

In 2021, after two years of growth, there was significant decline in overseas shipments of upholstered seats with metal frames, when their volume decreased by -12% to X units. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 412% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020, and then fell in the following year.

In value terms, metal frame upholstered seat exports contracted to $X in 2021. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 153%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), New Zealand (X units) and the United Arab Emirates (X units) were the main destinations of metal frame upholstered seat exports from Australia, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +24.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for upholstered seats with metal frames exports from Australia, comprising 49% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+11.6% per year) and the United Arab Emirates (+25.5% per year).

Export Prices by Country

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, surging by 3.2% against the previous year. Overall, the export price, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2018 an increase of 49% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.3%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Metal Frames

Imports into Australia

Metal frame upholstered seat imports into Australia skyrocketed to X units in 2021, increasing by 22% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.0% 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 2017 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, metal frame upholstered seat imports surged to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +17.5% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main metal frame upholstered seat supplier to Australia, accounting for a 93% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 1.2% share of total imports. The third position in this ranking was taken by Vietnam (X units), with a 1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.0% per year) and Vietnam (+1.7% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Australia, comprising 78% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 5.8% share of total imports. It was followed by Malaysia, with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+21.4% per year) and Malaysia (-12.2% per year).

Import Prices by Country

In 2021, the average metal frame upholstered seat import price amounted to $X per unit, rising by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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