Nepal: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Nepal

The Nepalese wooden frame non-upholstered seat market reduced modestly to $X in 2022, which is down by -2.9% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Upholstered Seats With Wooden Frames in Nepal

In value terms, wooden frame non-upholstered seat production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 78%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Nepal

After three years of decline, shipments abroad of non-upholstered seats with wooden frames increased by 65% to X units in 2022. In general, exports enjoyed a noticeable increase. The growth pace was the most rapid in 2013 with an increase of 1,404% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports skyrocketed to $X in 2022. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2013 with an increase of 666% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for wooden frame non-upholstered seat exports from Nepal, with a 85% share of total exports. Moreover, wooden frame non-upholstered seat exports to China exceeded the volume sent to the second major destination, Switzerland (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +6.1%.

In value terms, China ($X) and Switzerland ($X) appeared to be the largest markets for wooden frame non-upholstered seat exported from Nepal worldwide.

Among the main countries of destination, China, with a CAGR of +12.2%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average wooden frame non-upholstered seat export price amounted to $X per unit, jumping by 62% against the previous year. Overall, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of 486%. As a result, the export price reached the peak level of $X per unit. From 2016 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 Switzerland ($X per unit), while the average price for exports to China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Nepal

In 2022, purchases abroad of non-upholstered seats with wooden frames increased by 114% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 592% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat imports surged to $X in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 720% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of wooden frame non-upholstered seat to Nepal, accounting for a 97% share of total imports. It was followed by India (X units), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +57.6%.

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with wooden frames to Nepal, comprising 98% of total imports. The second position in the ranking was held by India ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +60.7%.

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, waning by -6% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame non-upholstered seat import price increased by +111.5% against 2017 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 42% against the previous year. The import price peaked at $X per unit in 2021, and then shrank in the following year.

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 China ($X per unit), while the price for India amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform