Myanmar: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Myanmar

In 2022, the Myanmar's wooden frame upholstered seat market decreased by 0% to $X, falling for the second consecutive year after seven years of growth. Overall, consumption, however, continues to indicate a noticeable decline. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Upholstered Seats With Wooden Frames in Myanmar

In value terms, wooden frame upholstered seat production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 36% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Myanmar

In 2022, overseas shipments of upholstered seats with wooden frames decreased by 0% to X units, falling for the second year in a row after seven years of growth. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 13%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports stood at $X in 2022. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 140% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for wooden frame upholstered seat exports from Myanmar, with a 38% share of total exports. Moreover, wooden frame upholstered seat exports to the United States exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by Malta (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and Malta (0.0% per year).

It was followed by Sweden, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +62.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+40.3% per year) and Sweden (0.0% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2020 when the average export price increased by 114%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Malta ($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 (+1,260.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Myanmar

In 2022, purchases abroad of upholstered seats with wooden frames increased by 152% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,918%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, wooden frame upholstered seat imports surged to $X in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 3,095% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame upholstered seat to Myanmar, accounting for a 86% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), eightfold. The third position in this ranking was held by Malaysia (X units), with a 1.9% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from China stood at +87.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+58.2% per year) and Malaysia (+29.5% per year).

In value terms, China ($X), Thailand ($X) and Malaysia ($X) appeared to be the largest wooden frame upholstered seat suppliers to Myanmar, together comprising 90% of total imports.

China, with a CAGR of +52.8%, recorded the highest growth rate of 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

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, falling by -54% against the previous year. Over the period under review, the import price showed a abrupt contraction. The growth pace was the most rapid in 2018 when the average import price increased by 91% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+27.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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