China: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in China

In 2021, the Chinese metal frame upholstered seat market decreased by -78.8% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption saw a abrupt decline. Metal frame upholstered seat consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Upholstered Seats With Metal Frames in China

In value terms, metal frame upholstered seat production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +103.6% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 80%. Metal frame upholstered seat production peaked at $X in 2020, and then contracted slightly in the following year.

Exports of Upholstered Seats With Metal Frames

Exports from China

In 2021, overseas shipments of upholstered seats with metal frames increased by 19% to X units, rising for the fourth year in a row after three years of decline. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 525% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, metal frame upholstered seat exports soared to $X in 2021. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 29%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for metal frame upholstered seat exports from China, with a 26% share of total exports. Moreover, metal frame upholstered seat exports to the United States exceeded the volume sent to the second major destination, the UK (X units), fourfold. Germany (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+16.6% per year) and Germany (+8.8% per year).

In value terms, the United States ($X) remains the key foreign market for upholstered seats with metal frames exports from China, comprising 25% of total exports. The second position in the ranking was held by the UK ($X), with a 7.3% share of total exports. It was followed by Germany, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+12.7% per year) and Germany (+4.0% per year).

Export Prices by Country

The average metal frame upholstered seat export price stood at $X per unit in 2021, surging by 5.2% against the previous year. In general, the export price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2016 an increase of 172% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Japan ($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 South Korea (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Metal Frames

Imports into China

In 2021, the amount of upholstered seats with metal frames imported into China expanded slightly to X units, growing by 4.2% compared with the year before. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal frame upholstered seat imports skyrocketed to $X in 2021. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 49% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of metal frame upholstered seat to China, accounting for a 19% share of total imports. Moreover, metal frame upholstered seat imports from Italy exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Poland (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.1% per year) and Poland (+6.5% per year).

In value terms, Italy ($X) constituted the largest supplier of upholstered seats with metal frames to China, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.9% share of total imports. It was followed by Thailand, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.1% per year) and Thailand (+38.3% per year).

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2021, increasing by 30% against the previous year. Over the period under review, the import price showed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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