Angola: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Angola

The Angolan metal frame upholstered seat market rose significantly to $X in 2021, with an increase of 7.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded moderate growth. Metal frame upholstered seat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Upholstered Seats With Metal Frames

Exports from Angola

After two years of growth, shipments abroad of upholstered seats with metal frames decreased by -93.9% to X units in 2021. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 417%. As a result, the exports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, metal frame upholstered seat exports fell dramatically to $X in 2021. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 353%. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

Portugal (X units), Brazil (X units) and France (X units) were the main destinations of metal frame upholstered seat exports from Angola, together comprising 53% of total exports. Moreover, metal frame upholstered seat exports in Portugal exceeded the figures recorded by the second-largest exporter, Brazil, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +19.6%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Kenya ($X) and Brazil ($X) constituted the largest markets for metal frame upholstered seat exported from Angola worldwide, together accounting for 46% of total exports.

Among the main countries of destination, Kenya, with a CAGR of +1,624.1%, 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 average metal frame upholstered seat export price stood at $X per unit in 2021, increasing by 206% against the previous year. Overall, the export price showed significant growth. The pace of growth was the most pronounced in 2017 an increase of 272%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per unit), while the average price for exports to Canada ($X 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 Kenya (+3,288.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Metal Frames

Imports into Angola

Metal frame upholstered seat imports into Angola totaled X units in 2021, approximately reflecting 2020. Overall, imports posted a pronounced expansion. The pace of growth was the most pronounced in 2018 when imports increased by 119% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal frame upholstered seat imports rose notably to $X in 2021. In general, imports showed temperate growth. The most prominent rate of growth was recorded in 2018 when imports increased by 169%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal frame upholstered seat to Angola, accounting for a 89% share of total imports. Moreover, metal frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-13.5% per year) and Spain (+12.1% per year).

In value terms, China ($X), Portugal ($X) and Spain ($X) constituted the largest metal frame upholstered seat suppliers to Angola, with a combined 82% share of total imports.

Spain, with a CAGR of +31.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal frame upholstered seat import price amounted to $X per unit, surging by 9.7% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal frame upholstered seat import price increased by +95.7% against 2017 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 48%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :