Report Update: May 1, 2024

Singapore - Upholstered Seats With Wooden Frames - Market Analysis, Forecast, Size, Trends And Insights

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Price for Wooden Frame Upholstered Seat in Singapore - 2022

Price for Wooden Frame Upholstered Seat in Singapore (CIF) - 2022

The average wooden frame upholstered seat import price stood at $219 per unit in 2022, which is down by -2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2021 an increase of 18%. The import price peaked at $234 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($318 per unit), while the price for China ($194 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wooden Frame Upholstered Seat in Singapore (FOB) - 2022

The average wooden frame upholstered seat export price stood at $212 per unit in 2022, declining by -3.3% against the previous year. Overall, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24%. The export price peaked at $384 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($228 per unit) and India ($228 per unit), while the average price for exports to Malaysia ($167 per unit) and Qatar ($218 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Wooden Frame Upholstered Seat in Singapore

In 2022, imports of upholstered seats with wooden frames into Singapore expanded remarkably to 209K units, with an increase of 13% against the previous year's figure. Overall, imports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Over the period under review, imports attained the maximum at 229K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wooden frame upholstered seat imports expanded sharply to $46M in 2022. Over the period under review, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Wooden Frame Upholstered Seat in Singapore (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	12.1	9.9	18.2	21.1	20.4%
Malaysia	10.0	7.6	8.7	10.1	0.3%
Italy	10.0	4.5	6.1	5.6	-17.6%
Vietnam	1.9	1.5	2.6	2.6	11.0%
United States	1.7	0.7	1.0	1.3	-8.6%
Others	5.3	4.0	5.2	5.1	-1.3%
Total	40.9	28.2	41.8	45.7	3.8%

Top Suppliers of Wooden Frame Upholstered Seat to Singapore in 2022:

China (108.9K units)
Malaysia (40.7K units)
Italy (24.0K units)
Vietnam (8.1K units)
United States (5.4K units)

Exports of Wooden Frame Upholstered Seat in Singapore

In 2022, exports of upholstered seats with wooden frames from Singapore soared to 13K units, growing by 61% compared with the year before. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wooden frame upholstered seat exports skyrocketed to $2.7M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.4% 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 +90.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Wooden Frame Upholstered Seat in Singapore (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	254	266	372	768	44.6%
Indonesia	480	370	509	461	-1.3%
Japan	N/A	47.2	126	344	170.0%
Thailand	71.2	12.7	108	202	41.6%
Australia	158	150	61.1	162	0.8%
Bangladesh	139	1.7	107	90.9	-13.2%
Qatar	1.1	N/A	2.9	78.4	314.6%
United States	0.6	10.4	23.3	64.3	375.0%
Philippines	60.2	19.9	10.7	58.4	-1.0%
France	29.0	108	57.7	56.4	24.8%
India	5.9	2.0	5.4	52.3	107.0%
Hong Kong SAR	161	78.1	60.5	49.3	-32.6%
Oman	338	0.3	35.1	N/A	-67.8%
Others	632	367	270	338	-18.8%
Total	2,331	1,434	1,749	2,726	5.4%

Top Export Markets for Wooden Frame Upholstered Seat from Singapore in 2022:

Malaysia (4597.0 units)
Indonesia (2020.0 units)
Japan (1510.0 units)
Thailand (885.0 units)
Australia (711.0 units)
Bangladesh (402.0 units)
Qatar (360.0 units)
United States (282.0 units)
Philippines (256.0 units)
France (247.0 units)
India (229.0 units)
Hong Kong SAR (216.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for wooden frame upholstered seat in Singapore. 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 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023