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

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

The South Asian wooden frame non-upholstered seat market rose slightly to $X in 2022, surging by 2.1% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, wooden frame non-upholstered seat production reached $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 -1.0% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Non-Upholstered Seats With Wooden Frames

Exports in Southern Asia

In 2022, exports of non-upholstered seats with wooden frames in Southern Asia dropped sharply to X units, declining by -24.1% on the year before. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 78% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports declined markedly to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +32.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

India dominates exports structure, finishing at X units, which was approx. 96% of total exports in 2022. Bangladesh (X units) held a relatively small share of total exports.

Exports from India decreased at an average annual rate of -6.6% from 2012 to 2022. At the same time, Bangladesh (+33.2%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +33.2% from 2012-2022. While the share of Bangladesh (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-3.9 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest wooden frame non-upholstered seat supplier in Southern Asia, comprising 95% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India stood at +4.6%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, rising by 7.9% against the previous year. Over the period under review, the export price posted a buoyant increase. The pace of growth appeared the most rapid in 2017 an increase of 54% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while India amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.9%).

Imports of Non-Upholstered Seats With Wooden Frames

Imports in Southern Asia

Wooden frame non-upholstered seat imports declined to X units in 2022, falling by -8.8% compared with the year before. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 54%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wooden frame non-upholstered seat imports dropped to $X in 2022. Overall, imports, however, saw strong growth. The growth pace was the most rapid in 2015 with an increase of 28% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

India represented the major importing country with an import of about X units, which finished at 79% of total imports. It was distantly followed by Maldives (X units), making up a 17% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wooden frame non-upholstered seat imports into India stood at +11.5%. At the same time, Maldives (+16.3%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +16.3% from 2012-2022. India (+7.7 p.p.) and Maldives (+6.8 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-upholstered seats with wooden frames in Southern Asia, comprising 75% of total imports. The second position in the ranking was held by Maldives ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +6.9%.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, with an increase of 8.6% against the previous year. In general, the import price, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2014 when the import price increased by 28% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per unit), while India amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-4.1%).

Source: IndexBox Platform

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