India: Swivel Seat Market 2024

Swivel Seat Market Size in India

The Indian swivel seat market expanded slightly to $X in 2022, increasing by 4.5% 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). Overall, consumption, however, enjoyed a prominent expansion. Swivel seat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Swivel Seat Exports

Exports from India

After five years of growth, shipments abroad of swivel seats with variable height adjustments decreased by -65.8% to X units in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 574%. The exports peaked at X units in 2021, and then dropped notably in the following year.

In value terms, swivel seat exports shrank markedly to $X in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 358%. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

The United States (X units) was the main destination for swivel seat exports from India, accounting for a 43% share of total exports. Moreover, swivel seat exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. China (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +118.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+27.7% per year) and China (+122.9% per year).

In value terms, the United States ($X), the United Arab Emirates ($X) and China ($X) were the largest markets for swivel seat exported from India worldwide, together accounting for 64% of total exports.

In terms of the main countries of destination, China, with a CAGR of +136.1%, saw 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 swivel seat export price stood at $X per unit in 2022, which is down by -2.9% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, swivel seat export price decreased by -38.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 125% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to the United States ($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 (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Swivel Seat Imports

Imports into India

In 2022, the amount of swivel seats with variable height adjustments imported into India declined modestly to X units, falling by -4.9% against the previous year's figure. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 89%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, swivel seat imports expanded modestly to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest swivel seat supplier to India, with a 64% share of total imports. Moreover, swivel seat imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold. Sri Lanka (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+21.1% per year) and Sri Lanka (+16.6% per year).

In value terms, the largest swivel seat suppliers to India were China ($X), Malaysia ($X) and the United States ($X), with a combined 78% share of total imports. Singapore, Hong Kong SAR and Sri Lanka lagged somewhat behind, together comprising a further 14%.

Singapore, with a CAGR of +47.8%, saw the highest rates of growth with regard to the value of imports, in terms of 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 swivel seat import price stood at $X per unit in 2022, surging by 10% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 47% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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