Bangladesh: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Bangladesh

In 2021, after five years of growth, there was significant decline in the Bangladeshi metal frame upholstered seat market, when its value decreased by -14.7% to $X. Overall, consumption, however, continues to indicate a resilient increase. Metal frame upholstered seat consumption peaked at $X in 2020, and then declined in the following year.

Exports of Upholstered Seats With Metal Frames

Exports from Bangladesh

Metal frame upholstered seat exports from Bangladesh dropped remarkably to X units in 2021, reducing by -46.8% against 2020 figures. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 2,990%. Over the period under review, the exports attained the peak figure at X units in 2020, and then dropped rapidly in the following year.

In value terms, metal frame upholstered seat exports reduced markedly to $X in 2021. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 768% against the previous year. The exports peaked at $X in 2020, and then dropped significantly in the following year.

Exports by Country

Germany (X units), the United States (X units) and Costa Rica (X units) were the main destinations of metal frame upholstered seat exports from Bangladesh, together comprising 64% 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 Germany (with a CAGR of +94.3%), while the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Germany ($X) and South Korea ($X) were the largest markets for metal frame upholstered seat exported from Bangladesh worldwide, together comprising 65% of total exports.

Among the main countries of destination, Kuwait, with a CAGR of +182.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal frame upholstered seat export price stood at $X per unit in 2021, which is down by -5.1% against the previous year. Overall, the export price, however, posted a noticeable expansion. The pace of growth was the most pronounced in 2013 an increase of 163%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to the United States ($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 Kuwait (+1,058.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Metal Frames

Imports into Bangladesh

In 2021, supplies from abroad of upholstered seats with metal frames decreased by -24.2% to X units, falling for the second consecutive year after four years of growth. Overall, imports, however, posted tangible growth. The most prominent rate of growth was recorded in 2016 when imports increased by 459%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, metal frame upholstered seat imports declined to $X in 2021. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 370% against the previous year. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, China (X units) was the main metal frame upholstered seat supplier to Bangladesh, accounting for a 94% share of total imports. It was followed by the United Arab Emirates (X units), with a 1.6% share of total imports. The third position in this ranking was taken by Malaysia (X units), with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+42.6% per year) and Malaysia (-17.6% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Bangladesh, comprising 94% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 1% share of total imports. It was followed by Malaysia, with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +39.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+53.4% per year) and Malaysia (-14.0% per year).

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2021, surging by 17% against the previous year. Overall, the import price recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 100% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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