South-Eastern Asia: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in South-Eastern Asia

The Southeast Asian metal domestic furniture market amounted to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Domestic Furniture Production in South-Eastern Asia

In value terms, metal domestic furniture production rose significantly to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Metal Domestic Furniture Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of metal furniture decreased by X% to X tons for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, metal domestic furniture exports rose significantly to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Vietnam prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons) and Cambodia (X tons), together generating a X% share of total exports. Indonesia (X tons) took a minor share of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest metal domestic furniture supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Vietnam, metal domestic furniture exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

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

Metal Domestic Furniture Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of metal furniture increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, metal domestic furniture imports dropped to $X in 2022. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Indonesia was the key importer of metal furniture in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Malaysia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%), Singapore (X%), the Philippines (X%) and Vietnam (X%). Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal domestic furniture imports into Indonesia stood at X%. At the same time, Cambodia (X%), Malaysia (X%), the Philippines (X%), Thailand (X%), Singapore (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Singapore and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), the Philippines ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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