ASEAN: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in ASEAN

The ASEAN metal frame upholstered seat market dropped slightly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Production of Upholstered Seats With Metal Frames in ASEAN

In value terms, metal frame upholstered seat production reduced modestly to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Upholstered Seats With Metal Frames

Exports in ASEAN

For the fourth year in a row, ASEAN recorded growth in shipments abroad of upholstered seats with metal frames, which increased by X% to X units in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, metal frame upholstered seat exports expanded slightly to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Vietnam was the key exporter of upholstered seats with metal frames in ASEAN, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. Indonesia (X units) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%). Thailand (X units) took a little share of total exports.

Vietnam was also the fastest-growing in terms of the upholstered seats with metal frames exports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.), Thailand (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest metal frame upholstered seat supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, shrinking by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal frame upholstered seat export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Upholstered Seats With Metal Frames

Imports in ASEAN

In 2022, imports of upholstered seats with metal frames in ASEAN skyrocketed to X units, rising by X% against 2021 figures. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, metal frame upholstered seat imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Thailand was the largest importing country with an import of around X units, which resulted at X% of total imports. Indonesia (X units) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%) and the Philippines (X%). Singapore (X units), Vietnam (X units) and Myanmar (X units) took a relatively small share of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), the Philippines (X%), Vietnam (X%), Malaysia (X%), Singapore (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. While the share of the Philippines (X p.p.), Malaysia (X p.p.), Myanmar (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.), Thailand (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, the largest metal frame upholstered seat importing markets in ASEAN were Thailand ($X), Indonesia ($X) and Singapore ($X), together accounting for X% of total imports. Vietnam, Malaysia, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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