China: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in China

The Chinese wooden frame upholstered seat market soared to $X in 2022, rising by 36% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Production of Upholstered Seats With Wooden Frames in China

In value terms, wooden frame upholstered seat production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports from China

After two years of growth, overseas shipments of upholstered seats with wooden frames decreased by -24.8% to X units in 2022. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 19% against the previous year. The exports peaked at X units in 2021, and then contracted dramatically in the following year.

In value terms, wooden frame upholstered seat exports contracted dramatically to $X in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 29%. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

The United States (X units) was the main destination for wooden frame upholstered seat exports from China, accounting for a 37% share of total exports. Moreover, wooden frame upholstered seat exports to the United States exceeded the volume sent to the second major destination, Japan (X units), sixfold. The UK (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+2.1% per year) and the UK (+0.0% per year).

In value terms, the United States ($X) remains the key foreign market for upholstered seats with wooden frames exports from China, comprising 36% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.1% share of total exports. It was followed by Australia, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+15.4% per year) and Australia (+6.0% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, rising by 7.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 14%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Poland ($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 South Korea (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into China

In 2022, supplies from abroad of upholstered seats with wooden frames decreased by -26.7% to X units, falling for the fourth year in a row after seven years of growth. Overall, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 45% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden frame upholstered seat imports contracted to $X in 2022. Over the period under review, imports, however, saw strong growth. The growth pace was the most rapid in 2017 with an increase of 33%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units), Italy (X units) and Indonesia (X units) were the main suppliers of wooden frame upholstered seat imports to China, with a combined 60% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +40.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of upholstered seats with wooden frames to China, comprising 69% of total imports. The second position in the ranking was held by Thailand ($X), with a 5% share of total imports. It was followed by Vietnam, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+23.9% per year) and Vietnam (-5.0% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, growing by 23% against the previous year. Overall, the import price continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2020 an increase of 52% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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