India: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in India

After four years of growth, the Indian metal frame non-upholstered seat market decreased by -3% to $X in 2021. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Metal frame non-upholstered seat consumption peaked at $X in 2020, and then shrank modestly in the following year.

Production of Non-Upholstered Seats With Metal Frames in India

In value terms, metal frame non-upholstered seat production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Exports of Non-Upholstered Seats With Metal Frames

Exports from India

In 2021, approx. X units of non-upholstered seats with metal frames were exported from India; increasing by 30% on the previous year's figure. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 189% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal frame non-upholstered seat exports skyrocketed to $X in 2021. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 106%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for metal frame non-upholstered seat exports from India, accounting for a 36% share of total exports. Moreover, metal frame non-upholstered seat exports to the United States exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+40.2% per year) and the Netherlands (+47.8% per year).

In value terms, the United States ($X) remains the key foreign market for non-upholstered seats with metal frames exports from India, comprising 39% of total exports. The second position in the ranking was held by the UK ($X), with a 9% share of total exports. It was followed by France, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+20.8% per year) and France (+46.3% per year).

Export Prices by Country

The average metal frame non-upholstered seat export price stood at $X per unit in 2021, rising by 9.2% against the previous year. In general, the export price recorded a prominent increase. The growth pace was the most rapid in 2017 when the average export price increased by 54% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per unit) and Australia ($X per unit), while the average price for exports to France ($X per unit) and Denmark ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Metal Frames

Imports into India

Metal frame non-upholstered seat imports into India skyrocketed to X units in 2021, picking up by 80% on the year before. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal frame non-upholstered seat imports soared to $X in 2021. Over the period under review, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of metal frame non-upholstered seat to India, with a approx. 95% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +22.6%.

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with metal frames to India.

From 2012 to 2021, the average annual growth rate of value from China amounted to +13.8%.

Import Prices by Country

The average metal frame non-upholstered seat import price stood at $X per unit in 2021, picking up by 11% against the previous year. In general, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 48%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, 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 -7.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :