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

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

The Bangladeshi wooden frame non-upholstered seat market stood at $X in 2022, stabilizing at the previous year. The market 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. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Non-Upholstered Seats With Wooden Frames in Bangladesh

In value terms, wooden frame non-upholstered seat production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Exports of Non-Upholstered Seats With Wooden Frames

Exports from Bangladesh

After three years of growth, shipments abroad of non-upholstered seats with wooden frames decreased by X% to X units in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X units in 2021, and then shrank markedly in the following year.

In value terms, wooden frame non-upholstered seat exports contracted to $X in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X units) was the main destination for wooden frame non-upholstered seat exports from Bangladesh, accounting for a X% share of total exports. Moreover, wooden frame non-upholstered seat exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Canada (X% per year).

Export Prices by Country

The average wooden frame non-upholstered seat export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price posted a perceptible expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Bangladesh

In 2022, purchases abroad of non-upholstered seats with wooden frames increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, wooden frame non-upholstered seat imports soared to $X in 2022. In general, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame non-upholstered seat to Bangladesh, accounting for a X% share of total imports. Moreover, wooden frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with wooden frames to Bangladesh, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Italy (X% per year).

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the import price, however, saw a deep reduction. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and the United Arab Emirates ($X per unit), while the price for Turkey ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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