Singapore - Seats For Motor Vehicles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVehicle Seat Price in Singapore - 2022
Contents:
- Vehicle Seat Price in Singapore (CIF) - 2022
- Vehicle Seat Price in Singapore (FOB) - 2022
- Vehicle Seat Imports in Singapore
- Vehicle Seat Exports in Singapore
Vehicle Seat Price in Singapore (CIF) - 2022
In 2022, the average vehicle seat import price amounted to $288 per unit, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2016 an increase of 25%. Over the period under review, average import prices hit record highs at $296 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Germany ($553 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 Germany (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Vehicle Seat Price in Singapore (FOB) - 2022
The average vehicle seat export price stood at $205 per unit in 2022, shrinking by -15.1% against the previous year. In general, the export price, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2017 an increase of 98% against the previous year. As a result, the export price attained the peak level of $375 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($331 per unit), while the average price for exports to Myanmar ($41 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 Australia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Vehicle Seat Imports in Singapore
In 2022, purchases abroad of seats for motor vehicles was finally on the rise to reach 15K units after two years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, vehicle seat imports soared to $4.2M in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vehicle Seat in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 915 | 495 | 745 | 1,107 | 6.6% |
| United States | 892 | 653 | 482 | 996 | 3.7% |
| Thailand | 227 | 692 | 367 | 657 | 42.5% |
| Malaysia | 591 | 1,020 | 849 | 627 | 2.0% |
| Australia | 110 | 174 | 212 | 180 | 17.8% |
| Germany | 174 | 66.0 | 321 | 160 | -2.8% |
| United Kingdom | 99.9 | 278 | 90.4 | 99.7 | -0.1% |
| Turkey | 196 | 25.0 | 55.7 | 51.9 | -35.8% |
| South Africa | 251 | 258 | 33.1 | N/A | -63.7% |
| Others | 200 | 234 | 395 | 368 | 22.5% |
| Total | 3,655 | 3,895 | 3,550 | 4,248 | 5.1% |
Top Suppliers of Vehicle Seat to Singapore in 2022:
- China (5.7K units)
- United States (3.3K units)
- Malaysia (2.5K units)
- Thailand (1.5K units)
- Australia (0.4K units)
- Germany (0.3K units)
- Turkey (0.2K units)
- United Kingdom (0.1K units)
Vehicle Seat Exports in Singapore
In 2022, shipments abroad of seats for motor vehicles decreased by -20.9% to 6.1K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, the exports reached the peak of 7.7K units, and then declined rapidly in the following year.
In value terms, vehicle seat exports dropped notably to $1.2M in 2022. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 7.5% against the previous year. As a result, the exports attained the peak of $1.9M, and then shrank dramatically in the following year.
| Export of Vehicle Seat in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 249 | 357 | 422 | 286 | 4.7% |
| India | 310 | 152 | 203 | 193 | -14.6% |
| Australia | 120 | 151 | 293 | 161 | 10.3% |
| United States | 144 | 121 | 211 | 133 | -2.6% |
| Thailand | 55.1 | 174 | 47.6 | 106 | 24.4% |
| Malaysia | 415 | 335 | 65.7 | 94.0 | -39.0% |
| Hong Kong SAR | 47.8 | 50.3 | 71.3 | 87.1 | 22.1% |
| New Zealand | 28.7 | 86.1 | 43.8 | 65.4 | 31.6% |
| Belgium | 51.4 | 72.0 | 50.8 | 21.9 | -24.8% |
| Mongolia | 39.5 | 71.3 | 87.8 | 10.1 | -36.5% |
| Japan | 48.4 | 5.2 | 186 | 7.8 | -45.6% |
| Others | 117 | 155 | 177 | 83.3 | -10.7% |
| Total | 1,627 | 1,729 | 1,859 | 1,249 | -8.4% |
Top Export Markets for Vehicle Seat from Singapore in 2022:
- India (1504.0 units)
- United States (1103.0 units)
- Indonesia (985.0 units)
- Malaysia (588.0 units)
- Australia (487.0 units)
- Hong Kong SAR (317.0 units)
- New Zealand (278.0 units)
- Thailand (212.0 units)
- Belgium (148.0 units)
- Mongolia (33.0 units)
- Japan (24.0 units)
This report provides an in-depth analysis of the vehicle seat market 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 29321000 - Seats for motor vehicles
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:
- 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
-
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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