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Singapore - Upholstered Seats With Wooden Frames - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Wooden Frame Upholstered Seat in Singapore - 2022
Contents:
- Price for Wooden Frame Upholstered Seat in Singapore (CIF) - 2022
- Price for Wooden Frame Upholstered Seat in Singapore (FOB) - 2022
- Imports of Wooden Frame Upholstered Seat in Singapore
- Exports of Wooden Frame Upholstered Seat in Singapore
Price for Wooden Frame Upholstered Seat in Singapore (CIF) - 2022
The average wooden frame upholstered seat import price stood at $219 per unit in 2022, which is down by -2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2021 an increase of 18%. The import price peaked at $234 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($318 per unit), while the price for China ($194 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wooden Frame Upholstered Seat in Singapore (FOB) - 2022
The average wooden frame upholstered seat export price stood at $212 per unit in 2022, declining by -3.3% against the previous year. Overall, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24%. The export price peaked at $384 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($228 per unit) and India ($228 per unit), while the average price for exports to Malaysia ($167 per unit) and Qatar ($218 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 Qatar (-1.3%), while the prices for the other major destinations experienced a decline.
Imports of Wooden Frame Upholstered Seat in Singapore
In 2022, imports of upholstered seats with wooden frames into Singapore expanded remarkably to 209K units, with an increase of 13% against the previous year's figure. Overall, imports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Over the period under review, imports attained the maximum at 229K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, wooden frame upholstered seat imports expanded sharply to $46M in 2022. Over the period under review, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Wooden Frame Upholstered Seat in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 12.1 | 9.9 | 18.2 | 21.1 | 20.4% |
Malaysia | 10.0 | 7.6 | 8.7 | 10.1 | 0.3% |
Italy | 10.0 | 4.5 | 6.1 | 5.6 | -17.6% |
Vietnam | 1.9 | 1.5 | 2.6 | 2.6 | 11.0% |
United States | 1.7 | 0.7 | 1.0 | 1.3 | -8.6% |
Others | 5.3 | 4.0 | 5.2 | 5.1 | -1.3% |
Total | 40.9 | 28.2 | 41.8 | 45.7 | 3.8% |
Top Suppliers of Wooden Frame Upholstered Seat to Singapore in 2022:
- China (108.9K units)
- Malaysia (40.7K units)
- Italy (24.0K units)
- Vietnam (8.1K units)
- United States (5.4K units)
Exports of Wooden Frame Upholstered Seat in Singapore
In 2022, exports of upholstered seats with wooden frames from Singapore soared to 13K units, growing by 61% compared with the year before. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, wooden frame upholstered seat exports skyrocketed to $2.7M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Wooden Frame Upholstered Seat in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 254 | 266 | 372 | 768 | 44.6% |
Indonesia | 480 | 370 | 509 | 461 | -1.3% |
Japan | N/A | 47.2 | 126 | 344 | 170.0% |
Thailand | 71.2 | 12.7 | 108 | 202 | 41.6% |
Australia | 158 | 150 | 61.1 | 162 | 0.8% |
Bangladesh | 139 | 1.7 | 107 | 90.9 | -13.2% |
Qatar | 1.1 | N/A | 2.9 | 78.4 | 314.6% |
United States | 0.6 | 10.4 | 23.3 | 64.3 | 375.0% |
Philippines | 60.2 | 19.9 | 10.7 | 58.4 | -1.0% |
France | 29.0 | 108 | 57.7 | 56.4 | 24.8% |
India | 5.9 | 2.0 | 5.4 | 52.3 | 107.0% |
Hong Kong SAR | 161 | 78.1 | 60.5 | 49.3 | -32.6% |
Oman | 338 | 0.3 | 35.1 | N/A | -67.8% |
Others | 632 | 367 | 270 | 338 | -18.8% |
Total | 2,331 | 1,434 | 1,749 | 2,726 | 5.4% |
Top Export Markets for Wooden Frame Upholstered Seat from Singapore in 2022:
- Malaysia (4597.0 units)
- Indonesia (2020.0 units)
- Japan (1510.0 units)
- Thailand (885.0 units)
- Australia (711.0 units)
- Bangladesh (402.0 units)
- Qatar (360.0 units)
- United States (282.0 units)
- Philippines (256.0 units)
- France (247.0 units)
- India (229.0 units)
- Hong Kong SAR (216.0 units)
This report provides an in-depth analysis of the market for wooden frame upholstered seat in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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