Asia: Swivel Seat Market 2023

Swivel Seat Market Size in Asia

In 2021, the Asian swivel seat market decreased by -18.4% to $X, falling for the second year in a row after three years of growth. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Swivel Seat Production in Asia

In value terms, swivel seat production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Swivel Seat Exports

Exports in Asia

In 2021, shipments abroad of swivel seats with variable height adjustments increased by 26% to X units, rising for the fourth year in a row after three years of decline. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +114.7% against 2017 indices. The growth pace was the most rapid in 2018 with an increase of 41%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, swivel seat exports surged to $X in 2021. Over the period under review, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was near 96% of total exports in 2021. Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the swivel seats with variable height adjustments exports, with a CAGR of +7.5% from 2012 to 2021. Taiwan (Chinese) (-2.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +5.7 percentage points.

In value terms, China ($X) remains the largest swivel seat supplier in Asia, comprising 93% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4% share of total exports.

In China, swivel seat exports increased at an average annual rate of +12.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, growing by 32% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per unit), while China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%).

Swivel Seat Imports

Imports in Asia

For the fourth year in a row, Asia recorded growth in purchases abroad of swivel seats with variable height adjustments, which increased by 17% to X units in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +102.0% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, swivel seat imports surged to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.9% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan represented the key importing country with an import of around X units, which accounted for 33% of total imports. Thailand (X units) held the second position in the ranking, followed by the Philippines (X units), the United Arab Emirates (X units), Israel (X units) and South Korea (X units). All these countries together took near 31% share of total imports. Malaysia (X units), Vietnam (X units), Indonesia (X units), Singapore (X units), Taiwan (Chinese) (X units), India (X units) and Kuwait (X units) held a little share of total imports.

Imports into Japan increased at an average annual rate of +8.6% from 2012 to 2021. At the same time, Malaysia (+31.3%), Vietnam (+25.3%), India (+22.4%), the Philippines (+20.4%), South Korea (+19.2%), Kuwait (+15.1%), Thailand (+10.8%), Taiwan (Chinese) (+7.6%), Israel (+6.0%), Indonesia (+4.0%) and Singapore (+2.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +31.3% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. Japan (+4.4 p.p.), the Philippines (+4.1 p.p.), Malaysia (+3.7 p.p.), Vietnam (+3.3 p.p.), South Korea (+3 p.p.), Thailand (+2.6 p.p.) and India (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -5.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported swivel seats with variable height adjustments in Asia, comprising 25% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.3% share of total imports. It was followed by Thailand, with a 6.5% share.

In Japan, swivel seat imports increased at an average annual rate of +12.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+3.3% per year) and Thailand (+13.7% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, growing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2017 when the import price increased by 33% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :