Armenia: Seat Market 2020

Seat Market Size in Armenia

The revenue of the seat market in Armenia amounted to $X in 2018, growing by X% against the previous year. Over the period under review, the total market indicated a notable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, seat consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, the seat market reached its peak level of $X. From 2011 to 2018, the growth of the seat market failed to regain its momentum.

Seat Production in Armenia

In value terms, seat production totaled $X in 2018 estimated in export prices. In general, seat production continues to indicate buoyant growth. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. In that year, seat production reached its peak level of $X. From 2011 to 2018, seat production growth remained at a somewhat lower figure.

Seat Exports

Exports from Armenia

In 2018, the amount of seats exported from Armenia totaled X units, rising by X% against the previous year. In general, seat exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. In that year, seat exports reached their peak of X units. From 2017 to 2018, the growth of seat exports failed to regain its momentum.

In value terms, seat exports amounted to $X in 2018. Overall, seat exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, seat exports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

China dominates seat exports structure, accounting for X units, which was approx. X% of total exports in 2018. It was distantly followed by Poland (X units), mixing up a X% share of total exports. Italy (X units), Vietnam (X units), the Netherlands (X units) and Germany (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to seat exports from China stood at +X%. At the same time, Poland (+X%), Vietnam (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Poland (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest seat supplier from Armenia, comprising X% of global exports. The second position in the ranking was occupied by Poland ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Poland (+X% per year) and Italy (-X% per year).

Export Prices by Country

In 2018, the seat export price in Armenia amounted to $X per unit, growing by X% against the previous year. Over the period under review, the seat export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the export price increased by X% against the previous year. In that year, the export prices for seats attained their peak level of $X per unit. From 2011 to 2018, the growth in terms of the export prices for seats failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Vietnam, while the other leaders experienced more modest paces of growth.

Seat Imports

Imports into Armenia

In 2018, the amount of seats imported into Armenia stood at X units, rising by X% against the previous year. Overall, the total imports indicated a noticeable increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, seat imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Armenia imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, seat imports stood at $X in 2018. In general, seat imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, seat imports attained their maximum at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. was the main importing country with an import of about X units, which accounted for X% of total imports. It was distantly followed by Germany (X units), the UK (X units), France (X units) and the Netherlands (X units), together making up a X% share of total imports. Japan (X units), South Korea (X units), Australia (X units), Italy (X units), Belgium (X units), Canada (X units) and Poland (X units) held a relatively small share of total imports.

From 2007 to 2018, average annual rates of growth with regard to seat imports into the U.S. stood at +X%. At the same time, Poland (+X%), South Korea (+X%), the Netherlands (+X%), Germany (+X%), Australia (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy, France and the UK experienced a relatively flat trend pattern. By contrast, Belgium (-X%) and Canada (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Germany, South Korea and the Netherlands increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported seats into Armenia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The seat import price in Armenia stood at $X per unit in 2018, growing by X% against the previous year. Overall, the import price indicated a moderate expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, seat import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. Over the period under review, the import prices for seats attained their peak figure at $X per unit in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform