Report Hong Kong SAR, China - Seats for Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Hong Kong SAR, China - Seats for Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Vehicle Seat Market 2025

Vehicle Seat Market Size in Hong Kong SAR, China

The Hong Kong vehicle seat market soared to $X in 2022, jumping by 660% 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). Over the period under review, consumption saw a noticeable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vehicle Seat Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of seats for motor vehicles decreased by -38.4% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2013 with an increase of 98%. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell sharply in the following year.

In value terms, vehicle seat exports declined dramatically to $X in 2022. In general, exports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of 111%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X units), China (X units) and Madagascar (X units) were the main destinations of vehicle seat exports from Hong Kong SAR, together comprising 84% of total exports. The United States, Thailand, Macao SAR and Pakistan lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +103.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for seats for motor vehicles exports from Hong Kong SAR, comprising 83% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 9.9% share of total exports. It was followed by Macao SAR, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+23.8% per year) and Macao SAR (+14.0% per year).

Export Prices by Country

In 2022, the average vehicle seat export price amounted to $X per unit, with an increase of 13% against the previous year. In general, the export price posted mild growth. The most prominent rate of growth was recorded in 2016 an increase of 56% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Madagascar ($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 China (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Vehicle Seat Imports

Imports into Hong Kong SAR, China

In 2022, vehicle seat imports into Hong Kong SAR skyrocketed to X units, growing by 52% against the year before. Over the period under review, imports, however, recorded a perceptible decrease. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, vehicle seat imports surged to $X in 2022. In general, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X units), Japan (X units) and China (X units) were the main suppliers of vehicle seat imports to Hong Kong SAR, together accounting for 76% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +28.0%), while purchases for the other leaders experienced a decline.

In value terms, the largest vehicle seat suppliers to Hong Kong SAR were China ($X), Malaysia ($X) and Italy ($X), with a combined 88% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +29.0%, 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 2022, the average vehicle seat import price amounted to $X per unit, surging by 13% against the previous year. In general, the import price recorded a resilient expansion. The growth pace was the most rapid in 2018 an increase of 47% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of vehicle seat consumption, comprising approx. 19% of total volume. Moreover, vehicle seat consumption in China exceeded the figures recorded by the second-largest consumer, Germany, threefold. India ranked third in terms of total consumption with a 7.6% share.
China constituted the country with the largest volume of vehicle seat production, comprising approx. 20% of total volume. Moreover, vehicle seat production in China exceeded the figures recorded by the second-largest producer, Germany, threefold. The third position in this ranking was occupied by India, with a 7.7% share.
In value terms, China constituted the largest supplier of vehicle seat to Hong Kong SAR, comprising 72% of total imports. The second position in the ranking was occupied by the UK, with a 7.9% share of total imports. It was followed by Malaysia, with a 6.2% share.
In value terms, China remains the key foreign market for vehicle seat exports from Hong Kong SAR, comprising 78% of total exports. The second position in the ranking was occupied by Malaysia, with a 14% share of total exports. It was followed by Japan, with a 4.6% share.
The average vehicle seat export price stood at $134 per unit in 2021, which is down by -49.3% against the previous year.
The average vehicle seat import price stood at $192 per unit in 2021, surging by 30% against the previous year.

This report provides an in-depth analysis of the vehicle seat market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 29321000 - Seats for motor vehicles

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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