China - Seats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSeat Export in China Shrinks 6% to $2B in April 2023
China Seat Exports
In April 2023, approximately 61M units of seats were exported from China; approximately reflecting March 2023. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 with an increase of 89% against the previous month. Over the period under review, the exports reached the maximum at 65M units in January 2023; however, from February 2023 to April 2023, the exports stood at a somewhat lower figure.
In value terms, seat exports reduced to $2B (IndexBox estimates) in April 2023. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 with an increase of 105% m-o-m. The exports peaked at 2.3B units in April 2022; however, from May 2022 to April 2023, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Seat in China (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| United States | 887 | 754 | 665 | 551 | 451 | 470 | 525 | 541 | 592 | 739 | 356 | 640 | 618 |
| United Kingdom | 162 | 142 | 85.8 | 73.8 | 66.7 | 61.6 | 76.1 | 79.1 | 85.9 | 116 | 71.2 | 132 | 123 |
| South Korea | 106 | 122 | 116 | 129 | 121 | 112 | 122 | 105 | 108 | 97.4 | 54.5 | 118 | 105 |
| Japan | 93.5 | 110 | 109 | 108 | 90.9 | 92.2 | 104 | 106 | 97.8 | 80.4 | 60.0 | 94.3 | 83.5 |
| Germany | 95.0 | 88.0 | 79.0 | 70.2 | 68.5 | 57.2 | 60.2 | 77.5 | 79.7 | 90.0 | 41.4 | 78.3 | 76.1 |
| Australia | 78.5 | 90.2 | 98.8 | 113 | 98.3 | 122 | 98.8 | 109 | 78.9 | 81.8 | 35.2 | 76.0 | 71.0 |
| Netherlands | 82.4 | 66.0 | 58.8 | 50.8 | 43.5 | 36.5 | 39.0 | 55.2 | 52.4 | 59.7 | 30.4 | 55.1 | 67.0 |
| Canada | 101 | 81.0 | 76.2 | 61.8 | 51.4 | 55.5 | 63.4 | 75.1 | 71.6 | 81.3 | 42.7 | 66.6 | 66.8 |
| France | 66.0 | 59.5 | 50.7 | 48.7 | 48.9 | 44.9 | 51.5 | 76.2 | 78.4 | 77.0 | 36.2 | 60.6 | 60.6 |
| Malaysia | 35.9 | 48.5 | 53.0 | 54.3 | 44.7 | 44.4 | 46.9 | 49.4 | 59.1 | 48.2 | 24.8 | 72.2 | 50.3 |
| Spain | 39.1 | 41.1 | 32.7 | 30.9 | 28.5 | 20.1 | 20.7 | 27.3 | 36.6 | 36.0 | 16.4 | 38.2 | 35.0 |
| Poland | 22.2 | 26.5 | 19.0 | 20.8 | 16.1 | 15.7 | 14.4 | 19.3 | 24.6 | 30.2 | 11.2 | 30.9 | 26.4 |
| Italy | 26.5 | 21.5 | 17.6 | 15.7 | 12.4 | 16.7 | 12.6 | 18.1 | 22.4 | 29.0 | 10.0 | 25.2 | 22.7 |
| Others | 468 | 556 | 572 | 588 | 582 | 612 | 624 | 632 | 675 | 636 | 262 | 670 | 625 |
| Total | 2,264 | 2,205 | 2,033 | 1,916 | 1,724 | 1,761 | 1,858 | 1,970 | 2,063 | 2,202 | 1,052 | 2,157 | 2,031 |
Exports by Country
The United States (20M units) was the main destination for seat exports from China, accounting for a 33% share of total exports. Moreover, seat exports to the United States exceeded the volume sent to the second major destination, the UK (3.3M units), sixfold. The third position in this ranking was taken by Japan (2.8M units), with a 4.5% share.
From April 2022 to April 2023, the average monthly rate of growth in terms of volume to the United States totaled -2.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (-2.1% per month) and Japan (-0.1% per month).
In value terms, the United States ($618M) remains the key foreign market for seat exports from China, comprising 30% of total exports. The second position in the ranking was held by the UK ($123M), with a 6.1% share of total exports. It was followed by South Korea, with a 5.2% share.
From April 2022 to April 2023, the average monthly rate of growth in terms of value to the United States totaled -3.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (-2.3% per month) and South Korea (-0.1% per month).
Exports by Type
Non-upholstered seats with metal frames (24M units), upholstered seats with metal frames (18M units) and seats; n.e.s. in heading no. 9401, (excluding medical, surgical, dental, veterinary or barber furniture) (10M units) were the main products of seat exports from China, with a combined 85% share of total exports. Upholstered seats with wooden frames, non-upholstered seats with wooden frames, seats for motor vehicles, seats; of cane, osier or similar materials, other than bamboo or rattan and seats; of a kind used for aircraft lagged somewhat behind, together comprising a further 15%.
From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by vehicle seat (with a CAGR of +4.4%), while the other products experienced more modest paces of growth.
In value terms, upholstered seats with metal frames ($681M), upholstered seats with wooden frames ($669M) and non-upholstered seats with metal frames ($352M) constituted the most exported types of seats from China worldwide, with a combined 84% share of total exports. These products were followed by seats; n.e.s. in heading no. 9401, (excluding medical, surgical, dental, veterinary or barber furniture), non-upholstered seats with wooden frames, seats for motor vehicles, seats; of a kind used for aircraft and seats; of cane, osier or similar materials, other than bamboo or rattan, which together accounted for a further 16%.
Among the main product categories, vehicle seat, with a CAGR of +3.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.
Export Prices by Country
In April 2023, the seat price stood at $33.2 per unit (FOB, China), declining by -4.9% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 21% month-to-month. Over the period under review, the average export prices attained the maximum at $42.5 per unit in October 2022; however, from November 2022 to April 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In April 2023, the country with the highest price was Australia ($58.7 per unit), while the average price for exports to Italy ($17.1 per unit) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the seat market in China. 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
- Prodcom 30305010 - Seats for aircraft, parts thereof
- Prodcom 31001155 -
- Prodcom 31001159 -
- Prodcom 31001170 - Upholstered seats with metal frames (excluding swivel seats, m edical, surgical, dental or veterinary seats, barbers
- Prodcom 31001190 - Non-upholstered seats with metal frames (excluding medical, s urgical, dental or veterinary seats, barbers
- Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)
- Prodcom 31001230 - Seats of cane, osier, bamboo or similar materials
- Prodcom 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)
- Prodcom 31001290 - Non-upholstered seats with wooden frames (excluding swivel seats)
- Prodcom 31001300 - Other seats, of HS
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
