Southern Asia: Swivel Seat Market 2024

Swivel Seat Market Size in Southern Asia

The South Asian swivel seat market declined slightly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, posted prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Swivel Seat Production in Southern Asia

In value terms, swivel seat production reached $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 2014 with an increase of 20%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Swivel Seat Exports

Exports in Southern Asia

Swivel seat exports contracted to X units in 2022, which is down by -8.2% against the previous year. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 155% against the previous year. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, swivel seat exports reduced remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 133%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell sharply in the following year.

Exports by Country

Sri Lanka represented the main exporting country with an export of around X units, which recorded 87% of total exports. It was distantly followed by India (X units), committing a 12% share of total exports.

Exports from Sri Lanka increased at an average annual rate of +9.6% from 2012 to 2022. At the same time, India (+20.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +20.7% from 2012-2022. India (+7.4 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by -6.5% from 2012 to 2022, respectively.

In value terms, Sri Lanka ($X) remains the largest swivel seat supplier in Southern Asia, comprising 84% of total exports. The second position in the ranking was taken by India ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sri Lanka stood at +11.7%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, declining by -10.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 when the export price increased by 16% against the previous year. The level of export peaked at $X per unit in 2021, and then declined in the following year.

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

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

Swivel Seat Imports

Imports in Southern Asia

In 2022, approx. X units of swivel seats with variable height adjustments were imported in Southern Asia; reducing by -10.4% on the previous year. In general, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 42% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, swivel seat imports totaled $X in 2022. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 36% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X units) represented the largest importer of swivel seats with variable height adjustments, mixing up 58% of total imports. It was distantly followed by Pakistan (X units), achieving a 31% share of total imports. Bangladesh (X units), Sri Lanka (X units) and Maldives (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +19.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported swivel seats with variable height adjustments in Southern Asia, comprising 85% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 7.4% share of total imports. It was followed by Bangladesh, with a 3.4% share.

In India, swivel seat imports expanded at an average annual rate of +16.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+17.8% per year) and Bangladesh (+6.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2014 an increase of 15% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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