ASEAN: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in ASEAN

The ASEAN metal domestic furniture market rose remarkably to $X in 2023, surging by X% against the previous year. In general, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Metal Domestic Furniture Production in ASEAN

In value terms, metal domestic furniture production rose significantly to $X in 2023 estimated in export price. In general, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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Metal Domestic Furniture Exports

Exports in ASEAN

Metal domestic furniture exports soared to X tons in 2023, jumping by X% against 2022 figures. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal domestic furniture exports expanded markedly to $X in 2023. Overall, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Vietnam (X tons) represented the key exporter of metal furniture, mixing up X% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Indonesia (X tons). All these countries together took approx. X% share of total exports.

Vietnam was also the fastest-growing in terms of the metal furniture exports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. From 2012 to 2023, the share of Vietnam increased by X percentage points.

In value terms, Vietnam ($X) remains the largest metal domestic furniture supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, which is down by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports in ASEAN

In 2023, after two years of growth, there was decline in supplies from abroad of metal furniture, when their volume decreased by X% to X tons. Total imports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2022, and then fell slightly in the following year.

In value terms, metal domestic furniture imports shrank slightly to $X in 2023. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X; afterwards, it flattened through to 2023.

Imports by Country

In 2023, Indonesia (X tons), distantly followed by Thailand (X tons), the Philippines (X tons), Malaysia (X tons), Singapore (X tons) and Vietnam (X tons) represented the main importers of metal furniture, together mixing up X% of total imports. Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal domestic furniture importing markets in ASEAN were Thailand ($X), the Philippines ($X) and Indonesia ($X), with a combined X% share of total imports.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, leveling off at the previous year. Import price indicated a slight expansion from 2012 to 2023: 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 2023 figures, metal domestic furniture import price decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform