Report Update Nov 1, 2024

Vietnam - Metal Complete and Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Vietnam

In 2022, the Vietnamese metal domestic furniture market decreased by X% to $X, falling for the second year in a row after four years of growth. Overall, consumption showed a pronounced descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Domestic Furniture Production in Vietnam

In value terms, metal domestic furniture production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Metal domestic furniture production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Metal Domestic Furniture Exports

Exports from Vietnam

In 2022, shipments abroad of metal furniture decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, metal domestic furniture exports expanded rapidly to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for metal domestic furniture exports from Vietnam, accounting for a X% share of total exports. Moreover, metal domestic furniture exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), eightfold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for metal furniture exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average metal domestic furniture export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports into Vietnam

In 2022, imports of metal furniture into Vietnam expanded notably to X tons, increasing by X% against the previous year. Over the period under review, imports showed a measured expansion. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal domestic furniture imports reached $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of metal domestic furniture to Vietnam, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of metal furniture to Vietnam.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to X%.

Import Prices by Country

In 2022, the average metal domestic furniture import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price recorded a mild decline. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for metal furniture in the world?

The country with the largest volume of metal domestic furniture consumption was the United States, accounting for 30% of total volume. Moreover, metal domestic furniture consumption in the United States exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by Japan, with a 6% share.

What are the largest producers of metal furniture in the world?

China remains the largest metal domestic furniture producing country worldwide, comprising approx. 53% of total volume. Moreover, metal domestic furniture production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was occupied by Bangladesh, with a 3.5% share.

What are the leading suppliers of metal furniture to Vietnam?

In value terms, China constituted the largest supplier of metal domestic furniture to Vietnam, comprising 65% of total imports. The second position in the ranking was occupied by South Korea, with a 7% share of total imports. It was followed by Malaysia, with a 4.9% share.

What are the leading importers of metal furniture from Vietnam?

In value terms, the United States remains the key foreign market for metal domestic furniture exports from Vietnam, comprising 61% of total exports. The second position in the ranking was occupied by Germany, with a 6.7% share of total exports. It was followed by the Netherlands, with a 4.7% share.

What is the average export price for metal furniture in Vietnam?

The average metal domestic furniture export price stood at $5,386 per ton in 2021, increasing by 7.2% against the previous year.

What is the average import price for metal furniture in Vietnam?

The average metal domestic furniture import price stood at $4,480 per ton in 2021, with a decrease of -18% against the previous year.

This report provides an in-depth analysis of the metal domestic furniture market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023