Pakistan: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Pakistan

In 2021, after three years of growth, there was significant decline in the Pakistani metal frame upholstered seat market, when its value decreased by -11.6% to $X. In general, consumption, however, showed buoyant growth. Metal frame upholstered seat consumption peaked at $X in 2020, and then declined in the following year.

Production of Upholstered Seats With Metal Frames in Pakistan

In value terms, metal frame upholstered seat production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw strong growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 63% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of Upholstered Seats With Metal Frames

Exports from Pakistan

In 2021, shipments abroad of upholstered seats with metal frames decreased by -78.1% to X units, falling for the second consecutive year after three years of growth. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 2,979%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal frame upholstered seat exports contracted significantly to $X in 2021. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by 2,970%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Trinidad and Tobago (X units), the Netherlands (X units) and Italy (X units) were the main destinations of metal frame upholstered seat exports from Pakistan, together comprising 47% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +38.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Trinidad and Tobago ($X), Italy ($X) and Mozambique ($X) constituted the largest markets for metal frame upholstered seat exported from Pakistan worldwide, together accounting for 54% of total exports. These countries were followed by the UK, the United States, the Netherlands, Sweden, Germany and Saudi Arabia, which together accounted for a further 31%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +81.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal frame upholstered seat export price stood at $X per unit in 2021, approximately equating the previous year. Over the period under review, the export price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 48%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands ($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 the Netherlands (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Metal Frames

Imports into Pakistan

Metal frame upholstered seat imports into Pakistan skyrocketed to X units in 2021, rising by 31% against the previous year's figure. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 162%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal frame upholstered seat imports soared to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by 112%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main metal frame upholstered seat supplier to Pakistan, with a 90% share of total imports. Moreover, metal frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. Malaysia (X units) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+69.9% per year) and Malaysia (+19.3% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Pakistan, comprising 87% of total imports. The second position in the ranking was taken by Thailand ($X), with a 5.5% share of total imports. It was followed by Malaysia, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+68.8% per year) and Malaysia (+20.6% per year).

Import Prices by Country

In 2021, the average metal frame upholstered seat import price amounted to $X per unit, growing by 6.9% against the previous year. In general, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 44% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+19.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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