Malaysia: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Malaysia

The Malaysian metal frame upholstered seat market fell modestly to $X in 2022, reducing by X% against the previous year. Overall, the total consumption indicated a temperate 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, consumption decreased by X% against 2017 indices. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Production of Upholstered Seats With Metal Frames in Malaysia

In value terms, metal frame upholstered seat production reduced modestly to $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; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Exports of Upholstered Seats With Metal Frames

Exports from Malaysia

In 2022, after two years of decline, there was significant growth in overseas shipments of upholstered seats with metal frames, when their volume increased by X% to X units. In general, total exports indicated a pronounced expansion from 2012 to 2022: its volume 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. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal frame upholstered seat exports soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units), Australia (X units) and India (X units) were the main destinations of metal frame upholstered seat exports from Malaysia, with a combined X% share of total exports. The United Arab Emirates, the United States, the UK, Canada, Japan, the Philippines, Thailand, Singapore, Bahrain and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal frame upholstered seat exported from Malaysia were Saudi Arabia ($X), Australia ($X) and India ($X), together accounting for X% of total exports. The United Arab Emirates, the United States, the UK, Canada, Japan, the Philippines, Thailand, Singapore, Bahrain and Indonesia lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal frame upholstered seat export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($X per unit) and the Philippines ($X per unit), while the average price for exports to Singapore ($X per unit) and the UK ($X per unit) were amongst the lowest.

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

Imports of Upholstered Seats With Metal Frames

Imports into Malaysia

In 2022, purchases abroad of upholstered seats with metal frames increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal frame upholstered seat imports soared to $X in 2022. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main metal frame upholstered seat supplier to Malaysia, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, showed a slight slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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