Report Update Nov 1, 2024

Philippines - Upholstered Seats With Metal Frames - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in the Philippines

The Philippine metal frame upholstered seat market surged to $X in 2021, jumping by 42% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed significant growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Upholstered Seats With Metal Frames

Exports from the Philippines

In 2021, shipments abroad of upholstered seats with metal frames decreased by -1.7% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,062%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, metal frame upholstered seat exports soared to $X in 2021. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 3,137%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for metal frame upholstered seat exports from the Philippines, accounting for a 27% share of total exports. Moreover, metal frame upholstered seat exports to Saudi Arabia exceeded the volume sent to the second major destination, Spain (X units), twofold. Australia (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +83.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+52.5% per year) and Australia (+1.8% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for upholstered seats with metal frames exports from the Philippines, comprising 33% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Australia, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+44.4% per year) and Australia (-0.4% per year).

Export Prices by Country

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, surging by 33% against the previous year. In general, the export price continues to indicate a mild expansion. The growth pace was the most rapid in 2014 when the average export price increased by 179%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Congo ($X per unit), while the average price for exports to Belgium ($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 Congo (+127.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Metal Frames

Imports into the Philippines

In 2021, the amount of upholstered seats with metal frames imported into the Philippines skyrocketed to X units, jumping by 74% against the previous year's figure. Over the period under review, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2019 when imports increased by 152%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, metal frame upholstered seat imports surged to $X in 2021. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 121%. Imports peaked 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 upholstered seat supplier to the Philippines, with a approx. 96% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +22.9%.

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to the Philippines.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +28.3%.

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2021, reducing by -33.2% against the previous year. In general, the import price, however, continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2014 an increase of 69%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +4.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for upholstered seats with metal frames in the world?

The countries with the highest volumes of metal frame upholstered seat consumption in 2020 were the United States, China and Germany, with a combined 35% share of global consumption.

What are the largest producers of upholstered seats with metal frames in the world?

China remains the largest metal frame upholstered seat producing country worldwide, comprising approx. 78% of total volume. Moreover, metal frame upholstered seat production in China exceeded the figures recorded by the second-largest producer, Indonesia, more than tenfold. Vietnam ranked third in terms of total production with a 2.7% share.

What are the leading suppliers of upholstered seats with metal frames to the Philippines?

In value terms, China constituted the largest supplier of metal frame upholstered seat to the Philippines, comprising 83% of total imports. The second position in the ranking was occupied by Malaysia, with an 8% share of total imports.

What are the leading importers of upholstered seats with metal frames from the Philippines?

In value terms, the United Arab Emirates emerged as the key foreign market for metal frame upholstered seat exports from the Philippines, comprising 47% of total exports. The second position in the ranking was occupied by Saudi Arabia, with a 9.3% share of total exports. It was followed by Switzerland, with a 7.8% share.

What is the average export price for upholstered seats with metal frames in the Philippines?

In 2020, the average metal frame upholstered seat export price amounted to $70 per unit, dropping by -14.2% against the previous year.

What is the average import price for upholstered seats with metal frames in the Philippines?

The average metal frame upholstered seat import price stood at $51 per unit in 2020, increasing by 11% against the previous year.

This report provides an in-depth analysis of the market for metal frame upholstered seat in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31001170 - Upholstered seats with metal frames (excluding swivel seats, m edical, surgical, dental or veterinary seats, barbers

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023