Eastern Asia: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in Eastern Asia

In 2021, the East Asian metal frame non-upholstered seat market decreased by -43.2% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a pronounced downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Non-Upholstered Seats With Metal Frames in Eastern Asia

In value terms, metal frame non-upholstered seat production fell modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate slight growth. The pace of growth was the most pronounced in 2018 with an increase of 38%. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Exports of Non-Upholstered Seats With Metal Frames

Exports in Eastern Asia

After two years of decline, shipments abroad of non-upholstered seats with metal frames increased by 26% to X units in 2021. In general, exports recorded a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 377% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, metal frame non-upholstered seat exports surged to $X in 2021. The total export value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units) represented roughly 99% of total exports in 2021.

China was also the fastest-growing in terms of the non-upholstered seats with metal frames exports, with a CAGR of +4.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest metal frame non-upholstered seat supplier in Eastern Asia.

From 2012 to 2021, the average annual growth rate of value in China totaled +3.7%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, surging by 12% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 121%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -0.5% per year.

Imports of Non-Upholstered Seats With Metal Frames

Imports in Eastern Asia

In 2021, supplies from abroad of non-upholstered seats with metal frames increased by 8.8% to X units, rising for the fourth consecutive year after three years of decline. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.7% against 2017 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 34% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, metal frame non-upholstered seat imports rose significantly to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +85.1% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Japan (X units) and South Korea (X units) dominates imports structure, together constituting 89% of total imports. It was distantly followed by Taiwan (Chinese) (X units), mixing up a 6% share of total imports. The following importers - China (X units) and Hong Kong SAR (X units) - together made up 4.8% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 91% of total imports. These countries were followed by China and Hong Kong SAR, which together accounted for a further 8.1%.

In terms of the main importing countries, China, with a CAGR of +8.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, flattening at the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 8.4%. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while Japan ($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 (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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