Indonesia: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Indonesia

In 2021, after two years of growth, there was decline in the Indonesian metal frame upholstered seat market, when its value decreased by -4.9% to $X. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Metal frame upholstered seat consumption peaked at $X in 2020, and then reduced modestly in the following year.

Production of Upholstered Seats With Metal Frames in Indonesia

In value terms, metal frame upholstered seat production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, production reached the peak level of $X, and then shrank in the following year.

Exports of Upholstered Seats With Metal Frames

Exports from Indonesia

In 2021, the amount of upholstered seats with metal frames exported from Indonesia soared to X units, jumping by 63% on 2020. Over the period under review, exports enjoyed a tangible expansion. The growth pace was the most rapid in 2018 when exports increased by 69%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, metal frame upholstered seat exports surged to $X in 2021. In general, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for metal frame upholstered seat exports from Indonesia, accounting for a 42% share of total exports. Moreover, metal frame upholstered seat exports to the United States exceeded the volume sent to the second major destination, Germany (X units), sevenfold. The Netherlands (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.4% per year) and the Netherlands (-6.7% per year).

In value terms, the United States ($X) remains the key foreign market for upholstered seats with metal frames exports from Indonesia, comprising 27% of total exports. The second position in the ranking was held by Germany ($X), with a 3.8% share of total exports. It was followed by Switzerland, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.4% per year) and Switzerland (+29.5% per year).

Export Prices by Country

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, growing by 20% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal frame upholstered seat export price increased by +22.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the United States ($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 Switzerland (+6.5%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Metal Frames

Imports into Indonesia

In 2021, approx. X units of upholstered seats with metal frames were imported into Indonesia; rising by 35% against the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 78% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal frame upholstered seat imports soared to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of metal frame upholstered seat to Indonesia, with a approx. 97% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest.

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

From 2012 to 2021, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2021, picking up by 3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2016 when the average import price increased by 13%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 +1.2% per year.

Source: IndexBox Platform

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