Southern Asia: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Southern Asia

The South Asian metal frame upholstered seat market dropped modestly to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption recorded a resilient expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Upholstered Seats With Metal Frames in Southern Asia

In value terms, metal frame upholstered seat production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Upholstered Seats With Metal Frames

Exports in Southern Asia

For the fourth consecutive year, Southern Asia recorded growth in shipments abroad of upholstered seats with metal frames, which increased by X% to X units in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, metal frame upholstered seat exports soared to $X in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

India represented the largest exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Sri Lanka (X units), achieving a X% share of total exports.

India was also the fastest-growing in terms of the upholstered seats with metal frames exports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest metal frame upholstered seat supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

In India, metal frame upholstered seat exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady 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 India ($X per unit), while Sri Lanka amounted to $X per unit.

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

Imports of Upholstered Seats With Metal Frames

Imports in Southern Asia

In 2022, the amount of upholstered seats with metal frames imported in Southern Asia plummeted to X units, which is down by X% compared with the year before. Overall, imports, however, posted temperate growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal frame upholstered seat imports rose sharply to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

India was the largest importer of upholstered seats with metal frames in Southern Asia, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. Bangladesh (X units) ranks second in terms of the total imports with a X% share, followed by Maldives (X%) and Pakistan (X%). Sri Lanka (X units) held a relatively small share of total imports.

India was also the fastest-growing in terms of the upholstered seats with metal frames imports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) and Maldives (X%) displayed positive paces of growth. By contrast, Bangladesh (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Maldives (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (X p.p.) and Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported upholstered seats with metal frames in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Maldives, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Maldives (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, growing by X% against the previous year. Import price indicated a pronounced expansion 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, metal frame upholstered seat import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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