Republic of Korea - Non-Upholstered Seats With Metal Frames - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Frame Non-Upholstered Seat in South Korea - 2022
Contents:
- Price for Metal Frame Non-Upholstered Seat in South Korea (CIF) - 2022
- Price for Metal Frame Non-Upholstered Seat in South Korea (FOB) - 2022
- Imports of Metal Frame Non-Upholstered Seat in South Korea
- Exports of Metal Frame Non-Upholstered Seat in South Korea
Price for Metal Frame Non-Upholstered Seat in South Korea (CIF) - 2022
In December 2022, the average metal frame non-upholstered seat import price amounted to $33.2 per unit, shrinking by -17.3% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 14% against the previous month. Over the period under review, average import prices hit record highs at $40.1 per unit in November 2022, and then declined markedly in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to +0.2% per month.
Price for Metal Frame Non-Upholstered Seat in South Korea (FOB) - 2022
In 2022, the average metal frame non-upholstered seat export price amounted to $36 per unit, with an increase of 3.1% against the previous year. In general, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 86%. Over the period under review, the average export prices attained the peak figure at $76 per unit in 2012; however, from 2013 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 the United States ($73 per unit), while the average price for exports to Canada ($13 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 the United States (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metal Frame Non-Upholstered Seat in South Korea
In 2022, imports of non-upholstered seats with metal frames into South Korea expanded modestly to 9.1M units, picking up by 3.5% compared with the year before. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 141%. As a result, imports attained the peak of 9.4M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, metal frame non-upholstered seat imports rose rapidly to $158M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 30%. As a result, imports attained the peak of $169M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Metal Frame Non-Upholstered Seat in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 113 | 148 | 125 | 132 | 5.3% |
| Vietnam | 2.2 | 3.5 | 2.1 | 4.0 | 22.1% |
| Taiwan (Chinese) | 0.9 | 1.0 | 0.8 | 1.6 | 21.1% |
| Others | 14.8 | 16.4 | 18.4 | 20.2 | 10.9% |
| Total | 131 | 169 | 147 | 158 | 6.4% |
Top Suppliers of Metal Frame Non-Upholstered Seat to South Korea in 2022:
- China (8.4M units)
- Vietnam (0.2M units)
- Taiwan (Chinese) (0.2M units)
Exports of Metal Frame Non-Upholstered Seat in South Korea
In 2022, metal frame non-upholstered seat exports from South Korea fell to 145K units, with a decrease of -12.2% compared with 2021. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. The exports peaked at 175K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, metal frame non-upholstered seat exports dropped to $5.3M in 2022. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year. The exports peaked at $6.9M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Metal Frame Non-Upholstered Seat in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,128 | 815 | 1,875 | 2,659 | 33.1% |
| Indonesia | 358 | 101 | 538 | 314 | -4.3% |
| Hong Kong SAR | 488 | 306 | 469 | 231 | -22.1% |
| China | 922 | 429 | 652 | 228 | -37.2% |
| Australia | 122 | 59.8 | 42.2 | 173 | 12.3% |
| Japan | 440 | 527 | 229 | 159 | -28.8% |
| Saudi Arabia | 298 | 158 | 203 | 118 | -26.6% |
| Canada | 18.7 | 277 | 171 | 106 | 78.3% |
| Vietnam | 229 | 214 | 96.0 | 94.8 | -25.5% |
| Singapore | 93.1 | 127 | 162 | 94.4 | 0.5% |
| Mongolia | 29.7 | 37.4 | 35.7 | 76.8 | 37.3% |
| Taiwan (Chinese) | 175 | 137 | 87.6 | 70.8 | -26.0% |
| United Arab Emirates | 179 | 96.9 | 92.1 | 65.4 | -28.5% |
| Others | 2,425 | 1,447 | 1,189 | 897 | -28.2% |
| Total | 6,906 | 4,733 | 5,842 | 5,287 | -8.5% |
Top Export Markets for Metal Frame Non-Upholstered Seat from South Korea in 2022:
- United States (36.3K units)
- Indonesia (9.4K units)
- Hong Kong SAR (8.6K units)
- Japan (8.5K units)
- Canada (7.9K units)
- Vietnam (5.3K units)
- China (5.3K units)
- Saudi Arabia (4.8K units)
- Singapore (3.2K units)
- Australia (2.7K units)
- Taiwan (Chinese) (2.6K units)
- United Arab Emirates (2.4K units)
- Mongolia (2.0K units)
This report provides an in-depth analysis of the market for metal frame non-upholstered seat in Republic of Korea. 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 31001190 - Non-upholstered seats with metal frames (excluding medical, s urgical, dental or veterinary seats, barbers
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
-
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
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