Which Country Exports the Most Seats in the World?

IndexBox has just published a new report "World: Seats - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, approx. 20M tonnes of seat were imported worldwide- import ,therefore, remained relatively stable against the previous year figure. The total import volume increased at an average annual rate of +2.0% from 2007 to 2016- the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010, when it surged by 9% against the previous year level. Over the period under review, global seat imports attained its maximum volume in 2016, and are likely to continue its growth in the immediate term.

In value terms, seat imports stood at $74B in 2016. The total import value increased at an average annual rate of +3.3% from 2007 to 2016- the trend pattern indicated some noticeable fluctuations over the period under review. Global seat import peaked in 2016, and are likely to see steady growth in the immediate term.

Top Seat Importing Countries in the World

1. USA (24.0 billion USD)

2. Germany (7.9 billion USD)

3. Canada (3.6 billion USD)

4. United Kingdom (3.5 billion USD)

5. France (3.4 billion USD)

6. Japan (2.7 billion USD)

7. Mexico (2.0 billion USD)

8. Czech Republic (1.9 billion USD)

9. China (1.4 billion USD)

10. Poland (1.1 billion USD)

11. Italy (1.1 billion USD)

12. Romania (0.2 billion USD)

Seat Imports By Country

China (5M tonnes), and the U.S. (3.5M tonnes) represented roughly 42% of total imports of seat in 2016. Germany (1.2M tonnes) held a 6% share (based on tonnes) of global seat imports, which put it in second place, following Poland (6%), and Mexico (5%). The UK (642K tonnes), France (595K tonnes), Canada (496K tonnes), Czech Republic (447K tonnes), Italy (432K tonnes), Japan (375K tonnes), and Romania (341K tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of seat imports, among the main importing countries, was attained by Czech Republic (+10.6% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($24B) constitutes the largest market for imported seat worldwide, making up 32% of global imports. The second position in the ranking was occupied by Germany ($7.9B), with the share of 11% of global imports. It was followed by Canada, with the share of 5%.

From 2007 to 2016, the average annual growth rate of value of seat imports in the U.S. stood at +4.9%. The remaining importing countries recorded the following average annual rates: Germany (+3.2% per year) and Canada (+1.6% per year).

Seat Import Prices By Country

In 2016, the average import price for seat amounted to $3,684 per tonne, remaining stable against the previous year level. Over the last nine years it increased at an average annual rate of +1.3%.The pace of growth was the most pronounced in 2010, when import increased by 12% from the previous year level. Over the period under review, average seat import price attained its maximum level of $3,739 per tonne in 2014- afterwards, it flattened through to 2016.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Japan ($7,265 per tonne), while China ($282 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of seat import prices was attained by China (+7.3% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global seat market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• seat market share
• seat prices
• seat industry
• seat sales
• seat import
• seat export
• seat market forecast
• seat price forecast
• key seat producers

All data provided in this article covers the following product: HS Code 9401 - Seats (not those of heading no. 9402), whether or not convertible into beds and parts thereof.

Source: World: Seats - Market Report. Analysis and Forecast to 2025