South-Eastern Asia: Swivel Seat Market 2024

Swivel Seat Market Size in South-Eastern Asia

The Southeast Asian swivel seat market soared to $X in 2022, increasing by 36% against the previous year. Overall, consumption saw buoyant growth. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Swivel Seat Production in South-Eastern Asia

In value terms, swivel seat production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 114% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Swivel Seat Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of swivel seats with variable height adjustments decreased by -0.4% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 384%. Over the period under review, the exports reached the peak figure at X units in 2021, and then contracted modestly in the following year.

In value terms, swivel seat exports rose markedly to $X in 2022. In general, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 235%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam represented the key exporting country with an export of about X units, which recorded 86% of total exports. It was distantly followed by Malaysia (X units), constituting a 13% share of total exports.

Vietnam was also the fastest-growing in terms of the swivel seats with variable height adjustments exports, with a CAGR of +58.4% from 2012 to 2022. Malaysia (-1.7%) illustrated a downward trend over the same period. Vietnam (+81 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -78% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) remains the largest swivel seat supplier in South-Eastern Asia, comprising 77% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 22% share of total exports.

In Vietnam, swivel seat exports increased at an average annual rate of +60.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, with an increase of 5.6% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2016 an increase of 21% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a lower figure.

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 Malaysia ($X per unit), while Vietnam amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.1%).

Swivel Seat Imports

Imports in South-Eastern Asia

After four years of growth, supplies from abroad of swivel seats with variable height adjustments decreased by -17.2% to X units in 2022. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports attained the peak of X units, and then declined significantly in the following year.

In value terms, swivel seat imports shrank to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Thailand represented the key importer of swivel seats with variable height adjustments in South-Eastern Asia, with the volume of imports reaching X units, which was near 34% of total imports in 2022. The Philippines (X units) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (14%), Singapore (12%), Malaysia (12%) and Indonesia (8.6%). Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to swivel seat imports into Thailand stood at +9.4%. At the same time, Malaysia (+23.2%), Vietnam (+20.4%), the Philippines (+14.5%), Singapore (+3.1%), Myanmar (+2.9%) and Indonesia (+1.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +23.2% from 2012-2022. From 2012 to 2022, the share of Vietnam, Malaysia and the Philippines increased by +8.3, +8 and +6.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest swivel seat importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Indonesia ($X), together accounting for 67% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +26.5%, 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 11% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, swivel seat import price increased by +19.6% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 23%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Indonesia ($X per unit), while Myanmar ($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 (+11.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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