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

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

The Southeast Asian wooden frame non-upholstered seat market expanded slightly to $X in 2022, picking up by 4.9% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

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

In value terms, wooden frame non-upholstered seat production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2015 with an increase of 14% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Non-Upholstered Seats With Wooden Frames

Exports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded decline in shipments abroad of non-upholstered seats with wooden frames, which decreased by -1.7% to X units in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 16%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports expanded sharply to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.7% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Vietnam (X units) and Indonesia (X units) represented the largest exporters of non-upholstered seats with wooden frames in South-Eastern Asia, together comprising 80% of total exports. Malaysia (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (6.2%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of +9.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined 95% share of total exports.

Indonesia, with a CAGR of +18.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, growing by 7.9% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% 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 export price increased by +87.9% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 31%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.6%), while the other leaders experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports in South-Eastern Asia

In 2022, approx. X units of non-upholstered seats with wooden frames were imported in South-Eastern Asia; falling by -11.6% compared with 2021. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +43.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, wooden frame non-upholstered seat imports shrank slightly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X units) was the largest importer of non-upholstered seats with wooden frames, mixing up 55% of total imports. Thailand (X units) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (11%) and the Philippines (6.9%). The following importers - Vietnam (X units) and Brunei Darussalam (X units) - each accounted for a 3.5% share of total imports.

Imports into Malaysia increased at an average annual rate of +5.7% from 2012 to 2022. At the same time, the Philippines (+12.1%) and Thailand (+8.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +12.1% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Vietnam (-6.5%) and Brunei Darussalam (-7.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Thailand and the Philippines increased by +8.6, +6.8 and +3.6 percentage points, respectively.

In value terms, the largest wooden frame non-upholstered seat importing markets in South-Eastern Asia were Malaysia ($X), Singapore ($X) and Thailand ($X), with a combined 79% share of total imports. The Philippines, Vietnam and Brunei Darussalam lagged somewhat behind, together accounting for a further 13%.

In terms of the main importing countries, the Philippines, with a CAGR of +9.9%, saw the highest rates of growth with regard to 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 2022, the import price in South-Eastern Asia amounted to $X per unit, rising by 7.9% against the previous year. Over the period under review, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 14%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :