Japan: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Japan

In 2021, the Japanese metal frame upholstered seat market increased by 14% to $X, rising for the sixth year in a row after three years of decline. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Upholstered Seats With Metal Frames

Exports from Japan

In 2021, after four years of decline, there was significant growth in shipments abroad of upholstered seats with metal frames, when their volume increased by 58% to X units. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal frame upholstered seat exports skyrocketed to $X in 2021. Overall, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 62%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X units) was the main destination for metal frame upholstered seat exports from Japan, with a 25% share of total exports. Moreover, metal frame upholstered seat exports to Denmark exceeded the volume sent to the second major destination, China (X units), twofold. The United States (X units) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark stood at +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.2% per year) and the United States (-7.9% per year).

In value terms, Denmark ($X) emerged as the key foreign market for upholstered seats with metal frames exports from Japan, comprising 25% of total exports. The second position in the ranking was taken by China ($X), with a 10% share of total exports. It was followed by Hong Kong SAR, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to Denmark stood at +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+15.2% per year) and Hong Kong SAR (+23.0% per year).

Export Prices by Country

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, which is down by -10.5% against the previous year. Over the period under review, the export price, however, posted a notable expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 49%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then contracted in the following year.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were India ($X per unit) and the United Arab Emirates ($X per unit), while the average price for exports to Denmark ($X per unit) and the United States ($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 India (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Metal Frames

Imports into Japan

In 2021, the amount of upholstered seats with metal frames imported into Japan rose rapidly to X units, growing by 9.8% against the previous year. Overall, imports, however, saw a slight decrease. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal frame upholstered seat imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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) constituted the largest metal frame upholstered seat supplier to Japan, accounting for a 78% share of total imports. Moreover, metal frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.3% per year) and Taiwan (Chinese) (+0.2% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Japan, comprising 78% of total imports. The second position in the ranking was held by Italy ($X), with a 5% share of total imports. It was followed by Taiwan (Chinese), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.9% per year) and Taiwan (Chinese) (+4.5% per year).

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2021, growing by 4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 4.4%. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Italy ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for Germany ($X per unit) and Norway ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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