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

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

The Indian wooden frame non-upholstered seat market was finally on the rise to reach $X in 2022, after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Wooden frame non-upholstered seat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Non-Upholstered Seats With Wooden Frames in India

In value terms, wooden frame non-upholstered seat production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.9% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from India

In 2022, exports of non-upholstered seats with wooden frames from India fell remarkably to X units, reducing by -22.6% compared with the year before. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2013 when exports increased by 78% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports contracted markedly to $X in 2022. In general, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, the exports attained the peak of $X, and then dropped dramatically in the following year.

Exports by Country

The United States (X units) was the main destination for wooden frame non-upholstered seat exports from India, with a 59% share of total exports. Moreover, wooden frame non-upholstered seat exports to the United States exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The UK (X units) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-13.6% per year) and the UK (-5.2% per year).

In value terms, the United States ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from India, comprising 61% of total exports. The second position in the ranking was taken by the UK ($X), with a 5.5% share of total exports. It was followed by Germany, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.0% per year) and Germany (-4.2% per year).

Export Prices by Country

The average wooden frame non-upholstered seat export price stood at $X per unit in 2022, picking up by 9% against the previous year. Overall, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 52%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Poland ($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 Australia (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into India

In 2022, wooden frame non-upholstered seat imports into India rose sharply to X units, increasing by 8.9% compared with the year before. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 with an increase of 56% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wooden frame non-upholstered seat imports reached $X in 2022. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 34% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X units) constituted the largest supplier of wooden frame non-upholstered seat to India, with a 61% share of total imports. Moreover, wooden frame non-upholstered seat imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Indonesia (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to +42.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.1% per year) and Indonesia (+19.8% per year).

In value terms, Malaysia ($X), China ($X) and Indonesia ($X) constituted the largest wooden frame non-upholstered seat suppliers to India, together accounting for 70% of total imports. Sri Lanka, Turkey and Vietnam lagged somewhat behind, together comprising a further 24%.

Turkey, with a CAGR of +120.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the import price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of 88% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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