Japan: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Japan

For the third consecutive year, the Japanese wooden frame upholstered seat market recorded decline in sales value, which decreased by -0.3% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the market value increased by 6.8% against the previous year. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Japan

In 2022, overseas shipments of upholstered seats with wooden frames increased by 12% to X units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 70%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, wooden frame upholstered seat exports rose modestly to $X in 2022. Overall, exports showed a strong expansion. The growth pace was the most rapid in 2014 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Hong Kong SAR (X units), China (X units) and the United States (X units) were the main destinations of wooden frame upholstered seat exports from Japan, together accounting for 43% of total exports. Taiwan (Chinese), South Korea, Belgium, the Netherlands, Singapore, Australia, Germany and the Philippines lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +57.0%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and the United States ($X) were the largest markets for wooden frame upholstered seat exported from Japan worldwide, together comprising 43% of total exports. Taiwan (Chinese), South Korea, Belgium, the Netherlands, Singapore, Australia, Germany and the Philippines lagged somewhat behind, together accounting for a further 46%.

Belgium, with a CAGR of +59.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, dropping by -7% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2015 an increase of 21%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and Belgium ($X per unit), while the average price for exports to the Philippines ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Japan

For the third consecutive year, Japan recorded decline in purchases abroad of upholstered seats with wooden frames, which decreased by -11.5% to X units in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 18%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, wooden frame upholstered seat imports rose slightly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 4.5%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame upholstered seat supplier to Japan, with a 61% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. Thailand (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+10.0% per year) and Thailand (-11.1% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Japan, comprising 61% of total imports. The second position in the ranking was held by Vietnam ($X), with a 23% share of total imports. It was followed by Thailand, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+10.7% per year) and Thailand (-10.5% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, with an increase of 15% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and Thailand ($X per unit), while the price for Malaysia ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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