Eastern Asia: Swivel Seat Market 2024

Swivel Seat Market Size in Eastern Asia

The East Asian swivel seat market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption showed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Swivel Seat Production in Eastern Asia

In value terms, swivel seat production totaled $X in 2022 estimated in export price. The total production indicated pronounced 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Swivel Seat Exports

Exports in Eastern Asia

In 2022, shipments abroad of swivel seats with variable height adjustments decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank rapidly in the following year.

In value terms, swivel seat exports shrank notably to $X in 2022. Overall, exports continue to indicate a significant decrease. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

In 2022, Taiwan (Chinese) (X units) was the major exporter of swivel seats with variable height adjustments, comprising X% of total exports. It was distantly followed by South Korea (X units), generating a X% share of total exports.

Exports from Taiwan (Chinese) decreased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Taiwan (Chinese) and South Korea increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Export price indicated a buoyant increase 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, swivel seat export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue 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 South Korea ($X per unit), while Taiwan (Chinese) stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Swivel Seat Imports

Imports in Eastern Asia

After two years of growth, supplies from abroad of swivel seats with variable height adjustments decreased by X% to X units in 2022. Over the period under review, imports, however, posted a pronounced increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced notably in the following year.

In value terms, swivel seat imports reached $X in 2022. Overall, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Japan dominates imports structure, accounting for X units, which was near X% of total imports in 2022. South Korea (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%). Hong Kong SAR (X units) held a relatively small share of total imports.

Japan was also the fastest-growing in terms of the swivel seats with variable height adjustments imports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest swivel seat importing markets in Eastern Asia were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Eastern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price saw a prominent expansion. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 South Korea ($X per unit), while Japan ($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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