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

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

The Bangladeshi wooden frame non-upholstered seat market totaled $X in 2022, surging by 7.6% against the previous year. In general, consumption, however, continues to indicate a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Non-Upholstered Seats With Wooden Frames in Bangladesh

In value terms, wooden frame non-upholstered seat production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by 45%. Wooden frame non-upholstered seat production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Bangladesh

In 2022, shipments abroad of non-upholstered seats with wooden frames decreased by -35.8% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 when exports increased by 537%. The exports peaked at X units in 2021, and then declined remarkably in the following year.

In value terms, wooden frame non-upholstered seat exports contracted dramatically to $X in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 354% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

The United States (X units) was the main destination for wooden frame non-upholstered seat exports from Bangladesh, with a 90% share of total exports. Moreover, wooden frame non-upholstered seat exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+73.6% per year) and Canada (+15.2% per year).

In value terms, the United States ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from Bangladesh, comprising 87% of total exports. The second position in the ranking was taken by South Korea ($X), with a 5.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +36.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+77.3% per year) and Canada (+28.3% per year).

Export Prices by Country

The average wooden frame non-upholstered seat export price stood at $X per unit in 2022, surging by 2.1% against the previous year. Overall, the export price saw a tangible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 105%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Bangladesh

Wooden frame non-upholstered seat imports into Bangladesh shrank significantly to X units in 2022, dropping by -27.4% compared with the previous year's figure. In general, imports, however, recorded mild growth. The most prominent rate of growth was recorded in 2015 when imports increased by 546% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden frame non-upholstered seat imports declined remarkably to $X in 2022. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 282% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame non-upholstered seat supplier to Bangladesh, with a 88% share of total imports. It was followed by Turkey (X units), with a 2.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+47.6% per year) and the United Arab Emirates (+119.5% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with wooden frames to Bangladesh, comprising 88% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 2.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+60.0% per year) and Turkey (-6.3% per year).

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, reducing by -5% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 59%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Turkey ($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 (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :