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

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

The Singaporean wooden frame non-upholstered seat market expanded significantly to $X in 2022, picking up by 5.6% 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). The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wooden frame non-upholstered seat consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Singapore

In 2022, overseas shipments of non-upholstered seats with wooden frames increased by 113% to X units for the first time since 2016, thus ending a five-year declining trend. In general, exports showed a buoyant expansion. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat exports soared to $X in 2022. Over the period under review, exports saw a remarkable increase. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units), Malaysia (X units) and Indonesia (X units) were the main destinations of wooden frame non-upholstered seat exports from Singapore, with a combined 63% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +109.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame non-upholstered seat exported from Singapore were Japan ($X), Malaysia ($X) and Indonesia ($X), together comprising 62% of total exports. Australia, Thailand, France and Qatar lagged somewhat behind, together accounting for a further 28%.

Qatar, with a CAGR of +123.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden frame non-upholstered seat export price stood at $X per unit in 2022, declining by -2.4% against the previous year. Overall, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 26% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Qatar ($X per unit) and Thailand ($X per unit), while the average price for exports to France ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Singapore

In 2022, approx. X units of non-upholstered seats with wooden frames were imported into Singapore; with an increase of 12% against the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 19% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X units), China (X units) and Indonesia (X units) were the main suppliers of wooden frame non-upholstered seat imports to Singapore, with a combined 74% share of total imports. Vietnam, Italy, France and Romania lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +89.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of non-upholstered seats with wooden frames to Singapore, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Indonesia, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.7% per year) and Indonesia (+14.5% per year).

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, picking up by 1.7% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +16.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Indonesia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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