South-Eastern Asia: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in South-Eastern Asia

In 2021, the Southeast Asian metal frame non-upholstered seat market decreased by -10.4% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption saw a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Non-Upholstered Seats With Metal Frames in South-Eastern Asia

In value terms, metal frame non-upholstered seat production dropped to $X in 2021 estimated in export price. Overall, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Non-Upholstered Seats With Metal Frames

Exports in South-Eastern Asia

In 2021, approx. X units of non-upholstered seats with metal frames were exported in South-Eastern Asia; growing by 66% against the previous year's figure. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2014 when exports increased by 86% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, metal frame non-upholstered seat exports soared to $X in 2021. In general, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Vietnam (X units) represented the largest exporter of non-upholstered seats with metal frames, committing 63% of total exports. Malaysia (X units) ranks second in terms of the total exports with a 24% share, followed by Indonesia (11%).

From 2012 to 2021, average annual rates of growth with regard to metal frame non-upholstered seat exports from Vietnam stood at +16.1%. At the same time, Malaysia (+26.2%) and Indonesia (+1.3%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +26.2% from 2012-2021. Malaysia (+14 p.p.) and Vietnam (+8.8 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by -20.7% from 2012 to 2021, respectively.

In value terms, Vietnam ($X) remains the largest metal frame non-upholstered seat supplier in South-Eastern Asia, comprising 79% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Vietnam totaled +14.8%. In the other countries, the average annual rates were as follows: Indonesia (+5.7% per year) and Malaysia (+3.7% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, waning by -9.4% against the previous year. Overall, the export price showed a slight downturn. The pace of growth appeared the most rapid in 2020 an increase of 39%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.3%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Upholstered Seats With Metal Frames

Imports in South-Eastern Asia

In 2021, approx. X units of non-upholstered seats with metal frames were imported in South-Eastern Asia; picking up by 34% compared with 2020 figures. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal frame non-upholstered seat imports surged to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.0% against 2019 indices. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Thailand was the main importing country with an import of around X units, which recorded 40% of total imports. Malaysia (X units) held the second position in the ranking, followed by Indonesia (X units), Vietnam (X units), the Philippines (X units) and Singapore (X units). All these countries together held approx. 57% share of total imports. Cambodia (X units) followed a long way behind the leaders.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of non-upholstered seats with metal frames. At the same time, the Philippines (+23.6%), Vietnam (+19.1%), Malaysia (+7.4%), Cambodia (+4.8%) and Indonesia (+1.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +23.6% from 2012-2021. By contrast, Singapore (-2.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam, the Philippines and Malaysia increased by +8.5, +6.9 and +4.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. The Philippines, Vietnam, Singapore and Cambodia lagged somewhat behind, together accounting for a further 32%.

Among the main importing countries, the Philippines, with a CAGR of +18.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, with a decrease of -4.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 13%. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+0.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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