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

Market Size for Non-Upholstered Seats With Metal Frames in Singapore

The Singaporean metal frame non-upholstered seat market surged to $X in 2021, jumping by 39% 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, however, showed a mild shrinkage. Metal frame non-upholstered seat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Non-Upholstered Seats With Metal Frames

Exports from Singapore

After five years of decline, overseas shipments of non-upholstered seats with metal frames increased by 131% to X units in 2021. Overall, exports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 164%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal frame non-upholstered seat exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of 148% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Malaysia (X units) and Italy (X units) were the main destinations of metal frame non-upholstered seat exports from Singapore, with a combined 57% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +89.0%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and Indonesia ($X) appeared to be the largest markets for metal frame non-upholstered seat exported from Singapore worldwide, together accounting for 61% of total exports. These countries were followed by Hong Kong SAR, Italy, Sierra Leone, Japan, Thailand, Oman, Myanmar and China, which together accounted for a further 24%.

In terms of the main countries of destination, Italy, with a CAGR of +78.1%, recorded the highest rates of growth with regard to 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

In 2021, the average metal frame non-upholstered seat export price amounted to $X per unit, falling by -10.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 62% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while the average price for exports to Oman ($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 Myanmar (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Metal Frames

Imports into Singapore

In 2021, the amount of non-upholstered seats with metal frames imported into Singapore surged to X units, rising by 39% compared with 2020. Overall, imports, however, continue to indicate a pronounced decline. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, metal frame non-upholstered seat imports soared to $X in 2021. In general, imports, however, saw a mild descent. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest metal frame non-upholstered seat supplier to Singapore, accounting for a 47% share of total imports. Moreover, metal frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sixfold. The third position in this ranking was held by Malaysia (X units), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+30.0% per year) and Malaysia (-13.2% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with metal frames to Singapore, comprising 47% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 8.1% share of total imports. It was followed by Malaysia, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+30.7% per year) and Malaysia (-12.7% per year).

Import Prices by Country

In 2021, the average metal frame non-upholstered seat import price amounted to $X per unit, growing by 1.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 47% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per unit) and Vietnam ($X per unit), while the price for the United States ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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