Myanmar: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in Myanmar

In 2021, after two years of growth, there was decline in the Myanmar's metal frame non-upholstered seat market, when its value decreased by -4.7% to $X. Over the period under review, consumption showed a deep contraction. The pace of growth appeared the most rapid in 2019 when the market value increased by 6.3%. Metal frame non-upholstered seat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Upholstered Seats With Metal Frames in Myanmar

In value terms, metal frame non-upholstered seat production shrank to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 5.3%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Non-Upholstered Seats With Metal Frames

Exports from Myanmar

In 2021, overseas shipments of non-upholstered seats with metal frames decreased by -29.9% to X units, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 173%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal frame non-upholstered seat exports shrank to $X in 2021. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 307% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for metal frame non-upholstered seat exports from Myanmar, with a 35% share of total exports. Moreover, metal frame non-upholstered seat exports to Canada exceeded the volume sent to the second major destination, Norway (X units), threefold. Lithuania (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-3.6% per year) and Lithuania (+1,800.0% per year).

In value terms, Canada ($X) emerged as the key foreign market for non-upholstered seats with metal frames exports from Myanmar, comprising 29% of total exports. The second position in the ranking was held by Norway ($X), with an 11% share of total exports. It was followed by Lithuania, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-20.5% per year) and Lithuania (0.0% per year).

Export Prices by Country

In 2021, the average metal frame non-upholstered seat export price amounted to $X per unit, rising by 33% against the previous year. In general, the export price, however, saw a mild reduction. The most prominent rate of growth was recorded in 2014 an increase of 76% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Denmark ($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 Lithuania (+5,481.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Metal Frames

Imports into Myanmar

In 2021, overseas purchases of non-upholstered seats with metal frames decreased by -47.6% to X units, falling for the second year in a row after five years of growth. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 745%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal frame non-upholstered seat imports reduced notably to $X in 2021. Overall, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 268%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main metal frame non-upholstered seat supplier to Myanmar, accounting for a 97% share of total imports. It was followed by Thailand (X units), with a 1.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +12.6%.

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with metal frames to Myanmar, comprising 89% of total imports. The second position in the ranking was taken by Thailand ($X), with a 1.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +14.3%.

Import Prices by Country

The average metal frame non-upholstered seat import price stood at $X per unit in 2021, declining by -11.4% against the previous year. In general, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in 2014 an increase of 67%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.2%).

Source: IndexBox Platform

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