Cote d'Ivoire: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Cote d'Ivoire

The Cote d'Ivoire's wooden frame non-upholstered seat market dropped dramatically to $X in 2022, waning by -40% 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, however, saw a prominent expansion. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Cote d'Ivoire

In 2022, the amount of non-upholstered seats with wooden frames exported from Cote d'Ivoire fell remarkably to X units, dropping by -40% compared with the previous year. Overall, exports faced a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 372%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat exports contracted rapidly to $X in 2022. Over the period under review, exports showed a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 790% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X units) was the main destination for wooden frame non-upholstered seat exports from Cote d'Ivoire, accounting for a 43% share of total exports. Moreover, wooden frame non-upholstered seat exports to South Korea exceeded the volume sent to the second major destination, Japan (X units), fourfold. South Africa (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at +253.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-21.7% per year) and South Africa (-19.5% per year).

In value terms, South Korea ($X) emerged as the key foreign market for non-upholstered seats with wooden frames exports from Cote d'Ivoire, comprising 42% of total exports. The second position in the ranking was taken by South Africa ($X), with a 16% share of total exports. It was followed by Japan, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea totaled +552.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+11.3% per year) and Japan (-22.9% per year).

Export Prices by Country

The average wooden frame non-upholstered seat export price stood at $X per unit in 2022, falling by -7.3% against the previous year. Overall, the export price, however, recorded noticeable growth. The growth pace was the most rapid in 2021 an increase of 88%. As a result, the export price reached the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Italy ($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 South Korea (+84.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Cote d'Ivoire

Wooden frame non-upholstered seat imports into Cote d'Ivoire contracted remarkably to X units in 2022, which is down by -39.8% on 2021 figures. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 212% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat imports dropped significantly to $X in 2022. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 402% against the previous year. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame non-upholstered seat to Cote d'Ivoire, accounting for a 50% share of total imports. Moreover, wooden frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was taken by Turkey (X units), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+76.4% per year) and Turkey (+6.2% per year).

In value terms, the largest wooden frame non-upholstered seat suppliers to Cote d'Ivoire were China ($X), the UK ($X) and Turkey ($X), with a combined 88% share of total imports.

Among the main suppliers, the UK, with a CAGR of +97.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden frame non-upholstered seat import price amounted to $X per unit, stabilizing at the previous year. Over the period under review, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 61% against the previous year. As a result, import price attained the peak level of $X per unit, leveling off in the following year.

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 the UK ($X per unit), while the price for Turkey ($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 UK (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform