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

Market Size for Non-Upholstered Seats With Metal Frames in the Philippines

In 2021, the Philippine metal frame non-upholstered seat market decreased by -5.9% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal frame non-upholstered seat consumption peaked at $X in 2020, and then contracted in the following year.

Production of Non-Upholstered Seats With Metal Frames in the Philippines

In value terms, metal frame non-upholstered seat production contracted to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 26%. As a result, production reached the peak level of $X, and then declined in the following year.

Exports of Non-Upholstered Seats With Metal Frames

Exports from the Philippines

In 2021, the amount of non-upholstered seats with metal frames exported from the Philippines skyrocketed to X units, with an increase of 255% on 2020. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 375%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal frame non-upholstered seat exports soared to $X in 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 554%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X units) was the main destination for metal frame non-upholstered seat exports from the Philippines, with a 83% share of total exports. Moreover, metal frame non-upholstered seat exports to the United States exceeded the volume sent to the second major destination, Australia (X units), more than tenfold. The third position in this ranking was taken by Japan (X units), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +66.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+7.1% per year) and Japan (+23.8% per year).

In value terms, the United States ($X) remains the key foreign market for non-upholstered seats with metal frames exports from the Philippines, comprising 85% of total exports. The second position in the ranking was held by Japan ($X), with a 5.2% share of total exports. It was followed by Australia, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +62.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+37.2% per year) and Australia (+6.9% per year).

Export Prices by Country

In 2021, the average metal frame non-upholstered seat export price amounted to $X per unit, falling by -16.3% against the previous year. Overall, the export price, however, saw moderate growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 56% against the previous year. As a result, the export price reached the peak level of $X per unit, and then plummeted in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Canada ($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 Italy (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Metal Frames

Imports into the Philippines

In 2021, metal frame non-upholstered seat imports into the Philippines soared to X units, rising by 93% on the previous year. Overall, imports continue to indicate a significant expansion. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal frame non-upholstered seat imports soared to $X in 2021. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 77% against the previous year. 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 supplier of metal frame non-upholstered seat to the Philippines, with a 99% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 0.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.1% per year) and Malaysia (-13.1% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with metal frames to the Philippines, comprising 95% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-9.4% per year) and Taiwan (Chinese) (-3.7% per year).

Import Prices by Country

In 2021, the average metal frame non-upholstered seat import price amounted to $X per unit, declining by -19.3% against the previous year. In general, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 49%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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