South-Eastern Asia: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in South-Eastern Asia

The Southeast Asian metal domestic furniture market rose notably to $X in 2023, surging by X% against the previous year. In general, consumption posted a remarkable increase. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Metal Domestic Furniture Production in South-Eastern Asia

In value terms, metal domestic furniture production reached $X in 2023 estimated in export price. In general, production recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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Metal Domestic Furniture Exports

Exports in South-Eastern Asia

In 2023, metal domestic furniture exports in South-Eastern Asia skyrocketed to X tons, surging by X% on the year before. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal domestic furniture exports expanded notably to $X in 2023. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Vietnam (X tons) represented the largest exporter of metal furniture, generating X% of total exports. It was distantly followed by Malaysia (X tons) and Indonesia (X tons), together comprising a X% share of total exports.

Vietnam was also the fastest-growing in terms of the metal furniture exports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Vietnam ($X) remains the largest metal domestic furniture supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Vietnam stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports in South-Eastern Asia

After two years of growth, supplies from abroad of metal furniture decreased by X% to X tons in 2023. Total imports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked at X tons in 2022, and then shrank slightly in the following year.

In value terms, metal domestic furniture imports declined to $X in 2023. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X; afterwards, it flattened through to 2023.

Imports by Country

In 2023, Indonesia (X tons), distantly followed by Thailand (X tons), the Philippines (X tons), Malaysia (X tons), Singapore (X tons) and Vietnam (X tons) were the major importers of metal furniture, together constituting X% of total imports. Cambodia (X tons) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Philippines ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of X%, saw 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 South-Eastern Asia stood at $X per ton in 2023, approximately equating the previous year. Import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal domestic furniture import price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform