Hong Kong SAR, China: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in Hong Kong SAR, China

The Hong Kong metal frame non-upholstered seat market contracted slightly to $X in 2021, shrinking by -3.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a abrupt downturn. Metal frame non-upholstered seat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Non-Upholstered Seats With Metal Frames

Exports from Hong Kong SAR, China

After three years of decline, overseas shipments of non-upholstered seats with metal frames increased by 32% to X units in 2021. Over the period under review, exports, however, showed a slight slump. The pace of growth was the most pronounced in 2017 when exports increased by 161% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal frame non-upholstered seat exports skyrocketed to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 157%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), China (X units) and Macao SAR (X units) were the main destinations of metal frame non-upholstered seat exports from Hong Kong SAR, together comprising 82% of total exports. These countries were followed by the United Arab Emirates, Bangladesh, Germany and Japan, which together accounted for a further 7.8%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +52.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal frame non-upholstered seat exported from Hong Kong SAR were China ($X), the United States ($X) and Macao SAR ($X), with a combined 77% share of total exports. These countries were followed by the United Arab Emirates, Japan, Germany and Bangladesh, which together accounted for a further 7.9%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +60.3%, recorded the highest rates of growth with regard to 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 non-upholstered seat export price stood at $X per unit in 2021, with an increase of 4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 34%. The export price peaked at $X per unit in 2019; however, from 2020 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 Japan ($X per unit), while the average price for exports to Bangladesh ($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 the United States (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Metal Frames

Imports into Hong Kong SAR, China

After three years of decline, supplies from abroad of non-upholstered seats with metal frames increased by 5.7% to X units in 2021. Over the period under review, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 30%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal frame non-upholstered seat imports dropped to $X in 2021. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal frame non-upholstered seat to Hong Kong SAR, with a 85% share of total imports. Moreover, metal frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. France (X units) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+32.6% per year) and France (+58.5% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with metal frames to Hong Kong SAR, comprising 50% of total imports. The second position in the ranking was taken by France ($X), with a 21% share of total imports. It was followed by South Korea, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+52.6% per year) and South Korea (+23.7% per year).

Import Prices by Country

In 2021, the average metal frame non-upholstered seat import price amounted to $X per unit, reducing by -7.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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