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

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

The East Asian wooden frame non-upholstered seat market dropped slightly to $X in 2022, with a decrease of -2.4% against the previous year. Overall, consumption, however, continues to indicate a mild decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, wooden frame non-upholstered seat production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a slight shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Non-Upholstered Seats With Wooden Frames

Exports in Eastern Asia

In 2022, the amount of non-upholstered seats with wooden frames exported in Eastern Asia fell to X units, waning by -8.3% against the previous year's figure. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 15% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China (X units) represented roughly 99% of total exports in 2022.

China was also the fastest-growing in terms of the non-upholstered seats with wooden frames exports, with a CAGR of +2.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In China, wooden frame non-upholstered seat exports increased at an average annual rate of +3.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with an increase of 22% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 26% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.0% per year.

Imports of Non-Upholstered Seats With Wooden Frames

Imports in Eastern Asia

In 2022, approx. X units of non-upholstered seats with wooden frames were imported in Eastern Asia; with a decrease of -15.8% compared with the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 17%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat imports declined to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 22%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

South Korea represented the main importer of non-upholstered seats with wooden frames in Eastern Asia, with the volume of imports accounting for X units, which was near 53% of total imports in 2022. Japan (X units) ranks second in terms of the total imports with a 17% share, followed by China (11%), Taiwan (Chinese) (11%) and Hong Kong SAR (6.7%).

South Korea experienced a relatively flat trend pattern with regard to volume of imports of non-upholstered seats with wooden frames. At the same time, Taiwan (Chinese) (+3.5%) and China (+1.1%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +3.5% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Japan (-1.5%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-1.6 p.p.) and Japan (-2.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported non-upholstered seats with wooden frames in Eastern Asia, comprising 59% of total imports. The second position in the ranking was taken by Japan ($X), with a 19% share of total imports. It was followed by China, with an 11% share.

In South Korea, wooden frame non-upholstered seat imports expanded at an average annual rate of +3.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+2.0% per year) and China (+2.7% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, rising by 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2018 when the import price increased by 26%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($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 (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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