Southern Asia: Seat Market 2025

Seat Market Size in Southern Asia

In 2021, the South Asian seat market decreased by -0.4% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.5% against 2016 indices. The level of consumption peaked at $X in 2020, and then dropped modestly in the following year.

Seat Production in Southern Asia

In value terms, seat production dropped modestly to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.3% against 2016 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 21%. The level of production peaked at $X in 2020, and then fell in the following year.

Seat Exports

Exports in Southern Asia

In 2021, overseas shipments of seats decreased by -10.5% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 45%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, seat exports soared to $X in 2021. Overall, exports, however, continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India represented the largest exporting country with an export of about X tons, which recorded 79% of total exports. It was distantly followed by Bangladesh (X tons), committing a 20% share of total exports.

Exports from India increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, Bangladesh (+10.4%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +10.4% from 2012-2021. From 2012 to 2021, the share of Bangladesh increased by +8 percentage points.

In value terms, India ($X) remains the largest seat supplier in Southern Asia, comprising 80% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +12.8%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, jumping by 60% against the previous year. In general, the export price saw a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.0%).

Seat Imports

Imports in Southern Asia

In 2021, overseas purchases of seats were finally on the rise to reach X tons after two years of decline. In general, imports enjoyed a strong expansion. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, seat imports skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant increase. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

India dominates imports structure, amounting to X tons, which was near 82% of total imports in 2021. It was distantly followed by Pakistan (X tons), creating a 7% share of total imports. Maldives (X tons), Bangladesh (X tons) and Sri Lanka (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to seat imports into India stood at +11.5%. At the same time, Pakistan (+16.6%), Maldives (+9.3%) and Bangladesh (+7.1%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +16.6% from 2012-2021. By contrast, Sri Lanka (-4.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Pakistan increased by +8.9 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported seats in Southern Asia, comprising 81% of total imports. The second position in the ranking was taken by Maldives ($X), with a 6.7% share of total imports. It was followed by Bangladesh, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +10.8%. In the other countries, the average annual rates were as follows: Maldives (+14.1% per year) and Bangladesh (+11.6% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, falling by -16.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Maldives ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Maldives (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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