Asia-Pacific: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Asia-Pacific

The Asia-Pacific wooden frame non-upholstered seat market expanded rapidly to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

Production of Non-Upholstered Seats With Wooden Frames in Asia-Pacific

In value terms, wooden frame non-upholstered seat production expanded slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Non-Upholstered Seats With Wooden Frames

Exports in Asia-Pacific

In 2023, approx. X units of non-upholstered seats with wooden frames were exported in Asia-Pacific; reducing by X% against 2022 figures. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, wooden frame non-upholstered seat exports declined to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then fell in the following year.

Exports by Country

China was the main exporting country with an export of around X units, which finished at X% of total exports. Vietnam (X units) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%) and Malaysia (X%). Thailand (X units) and India (X units) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of non-upholstered seats with wooden frames. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, India (X%), Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China, Vietnam and Indonesia increased by X, X and X percentage points, respectively.

In value terms, Vietnam ($X), China ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while China ($X per unit) was amongst the lowest.

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

Imports of Non-Upholstered Seats With Wooden Frames

Imports in Asia-Pacific

Wooden frame non-upholstered seat imports dropped to X units in 2023, which is down by X% compared with the previous year's figure. Total imports indicated a temperate increase from 2012 to 2023: its volume 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, imports decreased by X% against 2017 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat imports fell to $X in 2023. Total imports indicated a buoyant expansion from 2012 to 2023: its value 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 decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

South Korea represented the main importer of non-upholstered seats with wooden frames in Asia-Pacific, with the volume of imports finishing at X units, which was approx. X% of total imports in 2023. Japan (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Australia (X%), Malaysia (X%), the Philippines (X%) and China (X%). Hong Kong SAR (X units) held a relatively small share of total imports.

Imports into South Korea increased at an average annual rate of X% from 2012 to 2023. At the same time, the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. Hong Kong SAR, Japan and China experienced a relatively flat trend pattern. By contrast, Australia (X%) illustrated a downward trend over the same period. South Korea (X p.p.), the Philippines (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR, China, Japan and Australia saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively.

In value terms, South Korea ($X) constitutes the largest market for imported non-upholstered seats with wooden frames in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In South Korea, wooden frame non-upholstered seat imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2023, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

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 South Korea ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform