Bahrain: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Bahrain

The Bahraini wooden frame upholstered seat market reduced dramatically to $X in 2022, waning by -19.2% 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). Overall, consumption continues to indicate a mild downturn. Wooden frame upholstered seat consumption peaked at $X in 2021, and then contracted sharply in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from Bahrain

In 2022, wooden frame upholstered seat exports from Bahrain expanded notably to X units, growing by 6.1% on the previous year. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 256% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 205% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Saudi Arabia (X units) was the main destination for wooden frame upholstered seat exports from Bahrain, accounting for a 65% share of total exports. Moreover, wooden frame upholstered seat exports to Saudi Arabia exceeded the volume sent to the second major destination, France (X units), sevenfold. Qatar (X units) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+80.5% per year) and Qatar (+33.6% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for upholstered seats with wooden frames exports from Bahrain, comprising 43% of total exports. The second position in the ranking was taken by Qatar ($X), with a 20% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+39.9% per year) and the United Arab Emirates (+12.6% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, increasing by 133% against the previous year. Over the period under review, the export price posted a mild expansion. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Bahrain

In 2022, approx. X units of upholstered seats with wooden frames were imported into Bahrain; dropping by -26.9% compared with the previous year's figure. In general, imports saw a abrupt slump. The pace of growth was the most pronounced in 2014 when imports increased by 51%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wooden frame upholstered seat imports contracted to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 27% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame upholstered seat to Bahrain, with a 55% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. India (X units) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.4% per year) and India (+15.4% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to Bahrain, comprising 42% of total imports. The second position in the ranking was held by Turkey ($X), with a 21% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.5% per year) and Italy (-0.5% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, rising by 17% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame upholstered seat import price increased by +58.8% against 2017 indices. The growth pace was the most rapid in 2013 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform