Vietnam - Seats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSeat Price in Vietnam - 2022
Contents:
- Seat Price in Vietnam (FOB) - 2022
- Seat Price in Vietnam (CIF) - 2022
- Seat Exports in Vietnam
- Seat Imports in Vietnam
Seat Price in Vietnam (FOB) - 2022
The average seat export price stood at $68.8 per unit in December 2022, shrinking by -2.6% against the previous month. Overall, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 8.3% m-o-m. The export price peaked at $116 per unit in December 2021; however, from January 2022 to December 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($87.9 per unit), while the average price for exports to the Netherlands ($32.1 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.9%), while the prices for the other major destinations experienced a decline.
Seat Price in Vietnam (CIF) - 2022
In 2021, the average seat import price amounted to $56 per unit, which is down by -6.5% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, seat import price increased by +50.0% against 2014 indices. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. Over the period under review, average import prices reached the peak figure at $60 per unit in 2020, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($427 per unit), while the price for China ($44 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Seat Exports in Vietnam
In 2022, after three years of growth, there was significant decline in shipments abroad of seats, when their volume decreased by -8.9% to 64M units. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 94% against the previous year. The exports peaked at 70M units in 2021, and then dropped in the following year.
In value terms, seat exports contracted remarkably to $5.5B in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 101% against the previous year. The exports peaked at $6.4B in 2021, and then fell remarkably in the following year.
Export of Seat in Vietnam (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
United States | 1,455 | 3,431 | 2,483 | 30.6% | |
Japan | 109 | 190 | 141 | 13.7% | |
Germany | 103 | 102 | 93.6 | -4.7% | |
South Korea | 124 | 158 | 82.7 | -18.3% | |
Canada | 54.8 | 90.9 | 82.1 | 22.4% | |
Australia | 57.2 | 75.6 | 72.6 | 12.7% | |
United Kingdom | 67.0 | 67.6 | 68.9 | 1.4% | |
Netherlands | 53.7 | 51.4 | 63.4 | 8.7% | |
France | 59.8 | 55.1 | 51.9 | -6.8% | |
Denmark | 32.7 | 52.4 | 47.6 | 20.7% | |
Sweden | 35.0 | 27.8 | 33.1 | -2.8% | |
Spain | 24.4 | 24.3 | 30.5 | 11.8% | |
Poland | 27.1 | 26.3 | 30.2 | 5.6% | |
Others | 36.2 | 140 | 3,151 | 833.0% | |
Total | 2,240 | 4,493 | 6,432 | 69.5% |
Top Export Markets for Seat from Vietnam in 2022:
- United States (25.7M units)
- Netherlands (2.6M units)
- South Korea (2.6M units)
- Poland (1.9M units)
- Sweden (1.9M units)
- United Kingdom (1.8M units)
- Denmark (1.7M units)
- Germany (1.7M units)
- Japan (1.5M units)
- Canada (1.2M units)
- Australia (0.9M units)
- France (0.8M units)
- Spain (0.7M units)
Seat Imports in Vietnam
Seat imports into Vietnam reduced to 4.6M units in 2022, waning by -2.9% against 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 6.1%. As a result, imports attained the peak of 4.7M units, and then fell in the following year.
In value terms, seat imports stood at $265M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 12% against the previous year. As a result, imports reached the peak of $266M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Seat in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 54.6 | 56.5 | 48.9 | -5.4% | |
Thailand | 12.0 | 26.9 | 22.4 | 36.6% | |
Japan | 13.1 | 17.6 | 12.7 | -1.5% | |
Italy | 9.5 | 6.7 | 7.3 | -12.3% | |
United Arab Emirates | N/A | N/A | 5.0 | 0% | |
Malaysia | 7.8 | 5.7 | 3.7 | -31.1% | |
South Korea | 7.7 | 4.4 | 3.4 | -33.6% | |
Others | 134 | 148 | 160 | 9.3% | |
Total | 238 | 266 | 264 | 5.3% |
Top Suppliers of Seat to Vietnam in 2022:
- China (1101.2K units)
- United Arab Emirates (83.8K units)
- Thailand (66.5K units)
- Italy (48.3K units)
- Malaysia (43.0K units)
- Japan (29.7K units)
- South Korea (26.2K units)
This report provides an in-depth analysis of the seat market in Vietnam. 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 29321000 - Seats for motor vehicles
- Prodcom 30305010 - Seats for aircraft, parts thereof
- Prodcom 31001155 -
- Prodcom 31001159 -
- Prodcom 31001170 - Upholstered seats with metal frames (excluding swivel seats, m edical, surgical, dental or veterinary seats, barbers
- Prodcom 31001190 - Non-upholstered seats with metal frames (excluding medical, s urgical, dental or veterinary seats, barbers
- Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)
- Prodcom 31001230 - Seats of cane, osier, bamboo or similar materials
- Prodcom 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)
- Prodcom 31001290 - Non-upholstered seats with wooden frames (excluding swivel seats)
- Prodcom 31001300 - Other seats, of HS
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
This report provides an in-depth analysis of the seat market in Vietnam.
This report provides an in-depth analysis of the market for metal frame non-upholstered seat in Vietnam.
This report provides an in-depth analysis of the market for wooden frame non-upholstered seat in Vietnam.
This report provides an in-depth analysis of the bed-convertible seat market in Vietnam.
This report provides an in-depth analysis of the seats for aircraft market in Vietnam.
This report provides an in-depth analysis of the vehicle seat market in Vietnam.
This report provides an in-depth analysis of the market for seats of cane, osier or bamboo in Vietnam.
This report provides an in-depth analysis of the swivel seat market in Vietnam.
This report provides an in-depth analysis of the market for metal frame upholstered seat in Vietnam.
This report provides an in-depth analysis of the market for wooden frame upholstered seat in Vietnam.
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