Sri Lanka - Upholstered Seats With Metal Frames - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Frame Upholstered Seat in Sri Lanka - 2021
Contents:
- Price for Metal Frame Upholstered Seat in Sri Lanka (CIF) - 2022
- Price for Metal Frame Upholstered Seat in Sri Lanka (FOB) - 2022
- Imports of Metal Frame Upholstered Seat in Sri Lanka
- Exports of Metal Frame Upholstered Seat in Sri Lanka
Price for Metal Frame Upholstered Seat in Sri Lanka (CIF) - 2022
The average metal frame upholstered seat import price stood at $15 per unit in 2022, picking up by 48% against the previous year. Overall, the import price enjoyed a notable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 148%. As a result, import price reached the peak level of $23 per unit. From 2019 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($6.7 per unit), while the price for China totaled $6.4 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.2%).
Price for Metal Frame Upholstered Seat in Sri Lanka (FOB) - 2022
The average metal frame upholstered seat export price stood at $55 per unit in 2022, waning by -41.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2013 when the average export price increased by 44% against the previous year. The export price peaked at $124 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +4.6% per year.
Imports of Metal Frame Upholstered Seat in Sri Lanka
In 2022, imports of upholstered seats with metal frames into Sri Lanka shrank remarkably to 51K units, waning by -67.5% against the previous year's figure. Over the period under review, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 170% against the previous year. Over the period under review, imports hit record highs at 480K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, metal frame upholstered seat imports fell remarkably to $783K in 2022. Overall, imports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 200% against the previous year. Over the period under review, imports reached the maximum at $7.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Metal Frame Upholstered Seat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5,934 | 376 | 940 | 655 | -52.0% |
| Malaysia | 931 | 83.4 | 127 | 49.1 | -62.5% |
| Hong Kong SAR | 56.0 | 4.5 | 21.9 | 13.4 | -37.9% |
| Others | 813 | 78.6 | 538 | 65.2 | -56.9% |
| Total | 7,733 | 542 | 1,627 | 783 | -53.4% |
Top Suppliers of Metal Frame Upholstered Seat to Sri Lanka in 2022:
- China (102.5K units)
- Hong Kong SAR (2.0K units)
- Malaysia (1.3K units)
Exports of Metal Frame Upholstered Seat in Sri Lanka
In 2022, the amount of upholstered seats with metal frames exported from Sri Lanka surged to 7.4K units, rising by 105% on the previous year's figure. Overall, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, metal frame upholstered seat exports skyrocketed to $410K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Metal Frame Upholstered Seat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 294 | 210 | 303 | 406 | 11.4% |
| Lebanon | 12.9 | 14.3 | 18.3 | N/A | 19.1% |
| Others | 32.1 | 28.6 | 22.0 | 4.4 | -48.4% |
| Total | 339 | 253 | 343 | 410 | 6.5% |
Top Export Markets for Metal Frame Upholstered Seat from Sri Lanka in 2022:
- India (4.4K units)
This report provides an in-depth analysis of the market for metal frame upholstered seat in Sri Lanka. 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 31001170 - Upholstered seats with metal frames (excluding swivel seats, m edical, surgical, dental or veterinary seats, barbers
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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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