Report Update Jan 1, 2025

Vietnam - Seats for Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Vehicle Seat Market 2025

Vehicle Seat Market Size in Vietnam

In 2022, after two years of growth, there was decline in the Vietnamese vehicle seat market, when its value decreased by -1.5% to $X. In general, consumption, however, posted significant growth. Vehicle seat consumption peaked at $X in 2021, and then reduced in the following year.

Vehicle Seat Exports

Exports from Vietnam

In 2022, the amount of seats for motor vehicles exported from Vietnam shrank notably to X units, which is down by -16.5% on 2021 figures. Over the period under review, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by 157% against the previous year. The exports peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, vehicle seat exports soared to $X in 2022. In general, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 285% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), South Korea (X units) and the UK (X units) were the main destinations of vehicle seat exports from Vietnam, together accounting for 65% of total exports. Taiwan (Chinese), Germany, France and Canada lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +159.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and the UK ($X) constituted the largest markets for vehicle seat exported from Vietnam worldwide, with a combined 69% share of total exports.

The UK, with a CAGR of +162.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vehicle seat export price amounted to $X per unit, rising by 46% against the previous year. In general, the export price showed noticeable growth. The pace of growth appeared the most rapid in 2018 an increase of 53%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Seat Imports

Imports into Vietnam

After two years of growth, supplies from abroad of seats for motor vehicles decreased by -9.6% to X units in 2022. Over the period under review, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 98%. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, vehicle seat imports fell modestly to $X in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 106%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

Thailand (X units), Japan (X units) and China (X units) were the main suppliers of vehicle seat imports to Vietnam, together accounting for 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +34.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and Japan ($X) constituted the largest vehicle seat suppliers to Vietnam, together accounting for 86% of total imports.

China, with a CAGR of +37.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vehicle seat import price amounted to $X per unit, surging by 10% against the previous year. Overall, the import price showed a moderate expansion. The growth pace was the most rapid in 2016 when the average import price increased by 45%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per unit) and China ($X per unit), while the price for Japan ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for seats for motor vehicles in the world?

China remains the largest vehicle seat consuming country worldwide, accounting for 19% of total volume. Moreover, vehicle seat consumption in China exceeded the figures recorded by the second-largest consumer, Germany, threefold. India ranked third in terms of total consumption with a 7.6% share.

What are the largest producers of seats for motor vehicles in the world?

China constituted the country with the largest volume of vehicle seat production, comprising approx. 20% of total volume. Moreover, vehicle seat production in China exceeded the figures recorded by the second-largest producer, Germany, threefold. India ranked third in terms of total production with a 7.7% share.

What are the leading suppliers of seats for motor vehicles to Vietnam?

In value terms, the largest vehicle seat suppliers to Vietnam were Thailand, Japan and China, together accounting for 90% of total imports.

What are the leading importers of seats for motor vehicles from Vietnam?

In value terms, South Korea, the United States and the UK appeared to be the largest markets for vehicle seat exported from Vietnam worldwide, with a combined 74% share of total exports.

What is the average export price for seats for motor vehicles in Vietnam?

In 2021, the average vehicle seat export price amounted to $241 per unit, picking up by 4.1% against the previous year.

What is the average import price for seats for motor vehicles in Vietnam?

In 2021, the average vehicle seat import price amounted to $324 per unit, with a decrease of -2.2% against the previous year.

This report provides an in-depth analysis of the vehicle seat 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 29321000 - Seats for motor vehicles

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024