Global Swivel Seat Market 2024

Swivel Seat Market Size

For the sixth consecutive year, the global swivel seat market recorded growth in sales value, which increased by 26% to $X in 2022. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +110.2% against 2012 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Swivel Seat Production

In value terms, swivel seat production amounted to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 -7.7% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 16% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, global production growth remained at a lower figure.

Swivel Seat Exports

Exports

In 2022, after four years of growth, there was significant decline in shipments abroad of swivel seats with variable height adjustments, when their volume decreased by -76% to X units. Over the period under review, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2019 when exports increased by 52%. The global exports peaked at X units in 2021, and then reduced markedly in the following year.

In value terms, swivel seat exports contracted to $X in 2022. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. Over the period under review, the global exports attained the maximum at $X in 2021, and then declined in the following year.

Exports by Country

China represented the key exporting country with an export of around X units, which finished at 33% of total exports. Vietnam (X units) ranks second in terms of the total exports with a 12% share, followed by Germany (9.1%), Taiwan (Chinese) (7.3%), Poland (5.9%) and Mexico (5.4%). France (X units), Sweden (X units), Italy (X units), the Netherlands (X units), the United States (X units), Canada (X units) and Malaysia (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to swivel seat exports from China stood at -15.6%. At the same time, Vietnam (+58.4%), Taiwan (Chinese) (+46.2%), Poland (+14.0%), the Netherlands (+10.9%), Mexico (+7.3%) and France (+2.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +58.4% from 2012-2022. Germany, Italy and Sweden experienced a relatively flat trend pattern. By contrast, the United States (-1.4%), Malaysia (-1.7%) and Canada (-2.8%) illustrated a downward trend over the same period. Vietnam (+12 p.p.), Taiwan (Chinese) (+7.2 p.p.), Poland (+5.1 p.p.), Germany (+5.1 p.p.), Mexico (+4.2 p.p.), the Netherlands (+1.9 p.p.) and France (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -48.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest swivel seat supplier worldwide, comprising 63% of global exports. The second position in the ranking was held by Germany ($X), with a 6% share of global exports. It was followed by Taiwan (Chinese), with a 3.2% share.

In China, swivel seat exports increased at an average annual rate of +9.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+2.5% per year) and Taiwan (Chinese) (+40.8% per year).

Export Prices by Country

In 2022, the average swivel seat export price amounted to $X per unit, picking up by 277% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. 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 origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.7%), while the other global leaders experienced more modest paces of growth.

Swivel Seat Imports

Imports

After five years of growth, purchases abroad of swivel seats with variable height adjustments decreased by -14% to X units in 2022. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, swivel seat imports fell to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

The United States represented the largest importing country with an import of about X units, which resulted at 32% of total imports. It was distantly followed by Germany (X units), mixing up a 6.5% share of total imports. The following importers - Brazil (X units), Japan (X units), the Netherlands (X units), the UK (X units), France (X units), South Korea (X units), Canada (X units), Australia (X units), Poland (X units), Russia (X units) and Mexico (X units) - together made up 34% of total imports.

Imports into the United States increased at an average annual rate of +6.7% from 2012 to 2022. At the same time, Poland (+25.2%), Germany (+17.0%), South Korea (+13.0%), the UK (+8.8%), Australia (+7.4%), the Netherlands (+7.1%), Canada (+4.3%), Brazil (+4.0%), Russia (+3.4%), Mexico (+3.4%) and France (+1.9%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +25.2% from 2012-2022. Japan experienced a relatively flat trend pattern. Germany (+4 p.p.), Poland (+2.2 p.p.) and the United States (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while France and Japan saw its share reduced by -1.6% and -3.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported swivel seats with variable height adjustments worldwide, comprising 23% of global imports. The second position in the ranking was held by Germany ($X), with a 7.4% share of global imports. It was followed by Japan, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +4.0%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+8.2% per year) and Japan (+6.3% per year).

Import Prices by Country

The average swivel seat import price stood at $X per unit in 2022, stabilizing at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 8.6% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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