Republic of Korea - Upholstered Seats With Wooden Frames - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Wooden Frame Upholstered Seat in South Korea - 2022
Contents:
- Price for Wooden Frame Upholstered Seat in South Korea (CIF) - 2022
- Price for Wooden Frame Upholstered Seat in South Korea (FOB) - 2022
- Imports of Wooden Frame Upholstered Seat in South Korea
- Exports of Wooden Frame Upholstered Seat in South Korea
Price for Wooden Frame Upholstered Seat in South Korea (CIF) - 2022
The average wooden frame upholstered seat import price stood at $232 per unit in 2022, with an increase of 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2021 an increase of 18%. Over the period under review, average import prices hit record highs at $234 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($232 per unit) and Norway ($232 per unit), while the price for China ($232 per unit) and Italy ($232 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wooden Frame Upholstered Seat in South Korea (FOB) - 2022
In 2022, the average wooden frame upholstered seat export price amounted to $338 per unit, surging by 54% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 70%. As a result, the export price attained the peak level of $383 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Oman ($339 per unit) and Taiwan (Chinese) ($339 per unit), while the average price for exports to China ($337 per unit) and the United Arab Emirates ($337 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 Oman (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wooden Frame Upholstered Seat in South Korea
In 2022, overseas purchases of upholstered seats with wooden frames decreased by -16.9% to 1.2M units, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 7.3%. As a result, imports attained the peak of 1.6M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, wooden frame upholstered seat imports reduced to $275M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure at $320M in 2021, and then dropped in the following year.
| Import of Wooden Frame Upholstered Seat in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 198 | 231 | 236 | 201 | 0.5% |
| Vietnam | 23.2 | 26.7 | 26.4 | 27.0 | 5.2% |
| Italy | 15.3 | 16.5 | 26.4 | 19.9 | 9.2% |
| Germany | 2.4 | 4.8 | 8.2 | 6.5 | 39.4% |
| Norway | 3.3 | 4.3 | 5.2 | 5.1 | 15.6% |
| Others | 10.5 | 14.1 | 17.9 | 14.7 | 11.9% |
| Total | 253 | 297 | 320 | 275 | 2.8% |
Top Suppliers of Wooden Frame Upholstered Seat to South Korea in 2022:
- China (868.3K units)
- Vietnam (116.2K units)
- Italy (85.6K units)
- Germany (27.9K units)
- Norway (21.8K units)
Exports of Wooden Frame Upholstered Seat in South Korea
For the third year in a row, South Korea recorded decline in shipments abroad of upholstered seats with wooden frames, which decreased by -11% to 4K units in 2022. Overall, exports faced a sharp downturn. Over the period under review, the exports reached the peak figure at 13K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, wooden frame upholstered seat exports soared to $1.4M in 2022. Over the period under review, exports saw a sharp contraction. Over the period under review, the exports attained the peak figure at $3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Wooden Frame Upholstered Seat in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 54.4 | 18.4 | 60.2 | 153 | 41.2% |
| Hong Kong SAR | 24.0 | 18.9 | 83.3 | 126 | 73.8% |
| United States | 348 | 318 | 83.3 | 123 | -29.3% |
| Saudi Arabia | 95.4 | 219 | 10.4 | 115 | 6.4% |
| Vietnam | 161 | 132 | 70.6 | 96.4 | -15.7% |
| Australia | 75.8 | 42.0 | 30.1 | 87.2 | 4.8% |
| Oman | 28.7 | 10.7 | 20.7 | 84.7 | 43.4% |
| Philippines | 73.8 | 43.4 | 84.6 | 68.3 | -2.5% |
| Japan | 147 | 83.3 | 51.1 | 64.3 | -24.1% |
| Taiwan (Chinese) | 25.6 | 70.3 | 45.3 | 58.9 | 32.0% |
| China | 259 | 107 | 112 | 52.6 | -41.2% |
| United Arab Emirates | 109 | 31.3 | 61.7 | 47.5 | -24.2% |
| Guam | 6.4 | 29.8 | 6.1 | 37.5 | 80.3% |
| Others | 1,565 | 372 | 273 | 245 | -46.1% |
| Total | 2,972 | 1,497 | 992 | 1,359 | -23.0% |
Top Export Markets for Wooden Frame Upholstered Seat from South Korea in 2022:
- Panama (452.0 units)
- Hong Kong SAR (372.0 units)
- United States (365.0 units)
- Saudi Arabia (340.0 units)
- Vietnam (285.0 units)
- Australia (258.0 units)
- Oman (250.0 units)
- Philippines (202.0 units)
- Japan (190.0 units)
- Taiwan (Chinese) (174.0 units)
- China (156.0 units)
- United Arab Emirates (141.0 units)
- Guam (111.0 units)
This report provides an in-depth analysis of the market for wooden frame 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 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)
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
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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
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