Global Cushion Cover Market 2024

Cushion Cover Market Size

The global cushion cover market soared to $X in 2021, with an increase of 16% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.1% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the global market remained at a somewhat lower figure.

Cushion Cover Production

In value terms, cushion cover production rose significantly to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 20%. As a result, production attained the peak level of $X. From 2020 to 2021, global production growth failed to regain momentum.

Cushion Cover Exports

Exports

In 2021, approx. X tons of furnishing articles for car seats were exported worldwide; rising by 24% compared with the year before. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cushion cover exports surged to $X in 2021. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporting country with an export of about X tons, which reached 55% of total exports. It was distantly followed by India (X tons), mixing up a 19% share of total exports. Turkey (X tons), Vietnam (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to cushion cover exports from China stood at +1.4%. At the same time, India (+6.5%), Turkey (+5.3%) and Germany (+1.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +6.5% from 2012-2021. By contrast, Vietnam (-6.5%) illustrated a downward trend over the same period. While the share of India (+6.3 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of China (-2.4 p.p.) and Vietnam (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), India ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 77% share of global exports.

Among the main exporting countries, India, with a CAGR of +7.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average cushion cover export price stood at $X per ton in 2021, growing by 9.5% against the previous year. Overall, the export price saw a slight expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 12% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the other global leaders experienced more modest paces of growth.

Cushion Cover Imports

Imports

In 2021, global cushion cover imports soared to X tons, jumping by 25% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cushion cover imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the main importing country with an import of about X tons, which recorded 32% of total imports. It was distantly followed by Germany (X tons), creating a 4.6% share of total imports. The UK (X tons), France (X tons), Nigeria (X tons), Kenya (X tons), Japan (X tons), the Netherlands (X tons), Tanzania (X tons), Canada (X tons), Spain (X tons), Italy (X tons) and South Korea (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +6.7% from 2012 to 2021. At the same time, Nigeria (+29.8%), Tanzania (+14.2%), Kenya (+13.2%), the Netherlands (+11.1%), Canada (+7.6%), the UK (+4.5%), Italy (+4.4%), South Korea (+3.1%) and France (+1.4%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +29.8% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Japan (-1.1%) and Spain (-1.6%) illustrated a downward trend over the same period. While the share of the United States (+6.7 p.p.), Nigeria (+3.1 p.p.) and Kenya (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-1.8 p.p.) and Japan (-1.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported furnishing articles for car seats worldwide, comprising 28% of global imports. The second position in the ranking was held by Germany ($X), with a 6.6% share of global imports. It was followed by Japan, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +2.5%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+0.9% per year) and Japan (-0.0% per year).

Import Prices by Country

In 2021, the average cushion cover import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price saw a slight shrinkage. The growth pace was the most rapid in 2018 an increase of 6.8%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform