Asia: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Asia

In 2022, after three years of growth, there was significant decline in the Asian wooden frame non-upholstered seat market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Production of Non-Upholstered Seats With Wooden Frames in Asia

In value terms, wooden frame non-upholstered seat production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Exports of Non-Upholstered Seats With Wooden Frames

Exports in Asia

In 2022, exports of non-upholstered seats with wooden frames in Asia declined to X units, shrinking by X% against the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat exports totaled $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China represented the key exporter of non-upholstered seats with wooden frames in Asia, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. Vietnam (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and Malaysia (X%). The following exporters - Turkey (X units), Thailand (X units) and Cambodia (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), Turkey (X%), Indonesia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. Indonesia (X p.p.), Vietnam (X p.p.), China (X p.p.), Turkey (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Malaysia, Turkey, Thailand and Cambodia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

Imports of Non-Upholstered Seats With Wooden Frames

Imports in Asia

In 2022, wooden frame non-upholstered seat imports in Asia contracted to X units, which is down by X% compared with the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat imports contracted to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

South Korea was the key importer of non-upholstered seats with wooden frames in Asia, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Malaysia (X units) ranks second in terms of the total imports with a X% share, followed by Japan (X%), China (X%) and the United Arab Emirates (X%). The following importers - Hong Kong SAR (X units), Taiwan (Chinese) (X units), Iraq (X units), Thailand (X units), Israel (X units), the Philippines (X units), Kuwait (X units) and India (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to wooden frame non-upholstered seat imports into South Korea stood at X%. At the same time, the Philippines (X%), India (X%), Malaysia (X%), Thailand (X%), the United Arab Emirates (X%), Iraq (X%) and China (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Hong Kong SAR, Kuwait and Israel experienced a relatively flat trend pattern. By contrast, Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, the United Arab Emirates, the Philippines, Kuwait and Thailand increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported non-upholstered seats with wooden frames in Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Korea amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, leveling off at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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