Thailand: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in Thailand

The Thai metal frame non-upholstered seat market surged to $X in 2021, rising by 28% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a relatively flat trend pattern. Metal frame non-upholstered seat consumption peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Non-Upholstered Seats With Metal Frames

Exports from Thailand

In 2021, shipments abroad of non-upholstered seats with metal frames increased by 13% to X units, rising for the second consecutive year after five years of decline. Overall, exports, however, showed a slight decline. The pace of growth appeared the most rapid in 2020 when exports increased by 23% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, metal frame non-upholstered seat exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a pronounced slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units), the United States (X units) and Cambodia (X units) were the main destinations of metal frame non-upholstered seat exports from Thailand, together comprising 74% of total exports. Germany, Myanmar, Lao People's Democratic Republic, the UK and the Netherlands lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +79.4%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for non-upholstered seats with metal frames exports from Thailand, comprising 51% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Belgium totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.1% per year) and the United States (-3.5% per year).

Export Prices by Country

In 2021, the average metal frame non-upholstered seat export price amounted to $X per unit, surging by 14% against the previous year. Overall, the export price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 41%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Metal Frames

Imports into Thailand

In 2021, overseas purchases of non-upholstered seats with metal frames increased by 37% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 47% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, metal frame non-upholstered seat imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 29%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) was the main metal frame non-upholstered seat supplier to Thailand, with a 97% share of total imports. It was followed by Vietnam (X units), with a 1.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-9.3% per year) and Taiwan (Chinese) (-6.5% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with metal frames to Thailand, comprising 92% of total imports. The second position in the ranking was held by Vietnam ($X), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-1.0% per year) and Taiwan (Chinese) (-6.8% per year).

Import Prices by Country

In 2021, the average metal frame non-upholstered seat import price amounted to $X per unit, shrinking by -8.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 9.1% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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