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

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

In 2021, after four years of growth, there was decline in the South Asian metal frame non-upholstered seat market, when its value decreased by -2.8% to $X. The market value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 with an increase of 9.4%. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Non-Upholstered Seats With Metal Frames in Southern Asia

In value terms, metal frame non-upholstered seat production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 11% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Exports of Non-Upholstered Seats With Metal Frames

Exports in Southern Asia

For the fourth year in a row, Southern Asia recorded growth in shipments abroad of non-upholstered seats with metal frames, which increased by 42% to X units in 2021. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 75% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, metal frame non-upholstered seat exports surged to $X in 2021. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 53%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Bangladesh was the largest exporting country with an export of around X units, which finished at 63% of total exports. It was distantly followed by India (X units), generating a 36% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +25.4%).

In value terms, India ($X) remains the largest metal frame non-upholstered seat supplier in Southern Asia, comprising 68% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +32.7%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, surging by 1.7% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 66% against the previous year. 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 India ($X per unit), while Bangladesh totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+8.1%).

Imports of Non-Upholstered Seats With Metal Frames

Imports in Southern Asia

In 2021, approx. X units of non-upholstered seats with metal frames were imported in Southern Asia; growing by 52% compared with 2020 figures. Over the period under review, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal frame non-upholstered seat imports skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X units) was the major importer of non-upholstered seats with metal frames, constituting 70% of total imports. Pakistan (X units) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (6%).

Imports into India increased at an average annual rate of +21.3% from 2012 to 2021. At the same time, Pakistan (+25.2%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +25.2% from 2012-2021. By contrast, Bangladesh (-6.4%) illustrated a downward trend over the same period. While the share of India (+32 p.p.) and Pakistan (+13 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bangladesh (-27.1 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported non-upholstered seats with metal frames in Southern Asia, comprising 76% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India stood at +12.3%. In the other countries, the average annual rates were as follows: Pakistan (+16.4% per year) and Bangladesh (-5.9% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, growing by 17% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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