Hong Kong SAR, China - Seats - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSeat Price in Hong Kong SAR - 2023
Contents:
- Seat Price in Hong Kong SAR (CIF) - 2023
- Seat Price in Hong Kong SAR (FOB) - 2022
- Seat Imports in Hong Kong SAR
- Seat Exports in Hong Kong SAR
Seat Price in Hong Kong SAR (CIF) - 2023
The average seat import price stood at $47.5 per unit in September 2023, growing by 7.3% against the previous month. Over the period under review, the import price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 113% month-to-month. As a result, import price attained the peak level of $76.0 per unit. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was China ($37.5 per unit), while the price for Japan totaled $30.6 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-3.1%).
Seat Price in Hong Kong SAR (FOB) - 2022
The average seat export price stood at $23 per unit in 2021, waning by -32.8% against the previous year. In general, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2013 an increase of 41% against the previous year. The export price peaked at $41 per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($203 per unit), while the average price for exports to Sweden ($26 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.
Seat Imports in Hong Kong SAR
In 2022, purchases abroad of seats decreased by -41.7% to 4.7M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a slight slump. The pace of growth appeared the most rapid in 2021 when imports increased by 53%. As a result, imports reached the peak of 8.1M units, and then declined remarkably in the following year.
In value terms, seat imports totaled $264M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
Import of Seat in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 129 | 131 | 174 | 16.1% | |
Malaysia | 4.4 | 3.7 | 8.0 | 34.8% | |
Taiwan (Chinese) | 2.3 | 1.5 | 2.4 | 2.2% | |
South Korea | 0.8 | 0.8 | 2.4 | 73.2% | |
Others | 75.5 | 57.2 | 77.1 | 1.1% | |
Total | 212 | 194 | 263 | 11.4% |
Top Suppliers of Seat to Hong Kong SAR in 2022:
- China (3.6M units)
- Malaysia (0.1M units)
- South Korea (0.1M units)
- Taiwan (Chinese) (0.1M units)
Seat Exports in Hong Kong SAR
Seat exports from Hong Kong SAR declined rapidly to 1.4M units in 2022, which is down by -69.6% on 2021 figures. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 183% against the previous year. As a result, the exports attained the peak of 4.4M units, and then shrank notably in the following year.
In value terms, seat exports reduced to $93M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 90%. As a result, the exports reached the peak of $104M, and then declined in the following year.
Export of Seat in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 22.5 | 22.7 | 44.9 | 41.3% | |
United States | 8.1 | 5.7 | 35.4 | 109.1% | |
Taiwan (Chinese) | 5.9 | 5.6 | 8.1 | 17.2% | |
South Korea | 2.7 | 5.2 | 7.2 | 63.3% | |
Macao SAR | 2.3 | 2.5 | 2.4 | 2.2% | |
Malaysia | 0.5 | 0.1 | 0.9 | 34.2% | |
France | 1.5 | 2.0 | 0.8 | -27.0% | |
United Kingdom | 1.8 | 1.5 | 0.6 | -42.3% | |
Germany | 4.3 | 1.3 | 0.2 | -78.4% | |
Brazil | 0.4 | 0.3 | 0.1 | -50.0% | |
Netherlands | 1.4 | 1.4 | 0.1 | -73.3% | |
Israel | 0.6 | 0.9 | N/A | 50.0% | |
Others | 23.1 | 5.8 | 3.4 | -61.6% | |
Total | 75.0 | 54.8 | 104 | 17.8% |
Top Export Markets for Seat from Hong Kong SAR in 2022:
- United States (549.5K units)
- China (259.1K units)
- Taiwan (Chinese) (82.3K units)
- South Korea (63.7K units)
- Macao SAR (25.2K units)
- Malaysia (17.1K units)
- France (4.0K units)
- United Kingdom (3.1K units)
- Germany (2.5K units)
- Brazil (0.7K units)
- Israel (0.7K units)
- Netherlands (0.7K units)
This report provides an in-depth analysis of the seat market in Hong Kong SAR, China. 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 29321000 - Seats for motor vehicles
- Prodcom 30305010 - Seats for aircraft, parts thereof
- Prodcom 31001155 -
- Prodcom 31001159 -
- Prodcom 31001170 - Upholstered seats with metal frames (excluding swivel seats, m edical, surgical, dental or veterinary seats, barbers
- Prodcom 31001190 - Non-upholstered seats with metal frames (excluding medical, s urgical, dental or veterinary seats, barbers
- Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)
- Prodcom 31001230 - Seats of cane, osier, bamboo or similar materials
- Prodcom 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)
- Prodcom 31001290 - Non-upholstered seats with wooden frames (excluding swivel seats)
- Prodcom 31001300 - Other seats, of HS
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the seat market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for metal frame non-upholstered seat in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for wooden frame non-upholstered seat in Hong Kong SAR, China.
This report provides an in-depth analysis of the bed-convertible seat market in Hong Kong SAR, China.
This report provides an in-depth analysis of the vehicle seat market in Hong Kong SAR, China.
This report provides an in-depth analysis of the swivel seat market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for metal frame upholstered seat in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for wooden frame upholstered seat in Hong Kong SAR, China.
This report provides an in-depth analysis of the global seat market.
This report provides an in-depth analysis of the global market for metal frame non-upholstered seat.
During the period analyzed, Swivel Seat exports peaked at 144K units in 2019, but decreased slightly from 2020 to 2023. In terms of value, Swivel Seat exports surged to $4.2M in 2023.
Explore the top 10 countries by import value of Seat in 2023. Discover key statistics and figures for the world's best import markets for Seat.
In value terms, walking-sticks, seat-sticks, whips and riding-crops imports stood at $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an ...
In value terms, walking-sticks, seat-sticks, whips and riding-crops exports stood at $X in 2016. Overall, it indicated a strong increase from 2007 to 2016: the total exports value increased at an a...
In 2016, approx. X tons of seat were imported worldwide- import ,therefore, remained relatively stable against the previous year figure. The total import volume increased at an average annual rate...
In 2016, approx. X tons of seat were imported worldwide- import ,therefore, remained relatively stable against the previous year figure. The total import volume increased at an average annual rate...
Discover the leading countries for importing metal frame non-upholstered seats and the key factors driving demand in these markets. Learn about the latest import values and trends in the global furniture industry.
Explore the top import markets for wooden frame non-upholstered seats in 2023. Discover key statistics and market insights. Find out which countries lead the global demand for these stylish furniture pieces.
Discover the top import markets for metal frame upholstered seat worldwide. Explore the import values of countries such as the US, Germany, Netherlands, and more. Stay informed with IndexBox data!
Discover the world's best import markets for wooden frame upholstered seats based on the import value. Learn about the key countries driving the demand for these seats and how IndexBox market intelligence platform can help businesses tap into these lucrative markets.