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

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

The Cote d'Ivoire's wooden frame upholstered seat market shrank remarkably to $X in 2022, with a decrease of -38.6% 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). In general, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from Cote d'Ivoire

In 2022, shipments abroad of upholstered seats with wooden frames was finally on the rise to reach X units after two years of decline. Overall, exports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2015 when exports increased by 537%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wooden frame upholstered seat exports soared to $X in 2022. Over the period under review, exports, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2015 when exports increased by 3,015%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X units), Burkina Faso (X units) and the United States (X units) were the main destinations of wooden frame upholstered seat exports from Cote d'Ivoire, together comprising 54% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of +24.6%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for upholstered seats with wooden frames exports from Cote d'Ivoire, comprising 30% of total exports. The second position in the ranking was taken by Senegal ($X), with a 14% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+27.8% per year) and France (+13.7% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, rising by 14% against the previous year. Overall, the export price recorded a mild expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 389%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Ethiopia ($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 Africa (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Cote d'Ivoire

In 2022, the amount of upholstered seats with wooden frames imported into Cote d'Ivoire contracted notably to X units, shrinking by -39.2% on 2021 figures. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2021 when imports increased by 386%. As a result, imports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, wooden frame upholstered seat imports reduced sharply to $X in 2022. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 327%. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame upholstered seat to Cote d'Ivoire, accounting for a 54% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+29.4% per year) and Italy (+14.7% per year).

In value terms, China ($X), Turkey ($X) and Italy ($X) constituted the largest wooden frame upholstered seat suppliers to Cote d'Ivoire, with a combined 80% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +34.3%, recorded the highest rates of growth with regard to 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 upholstered seat import price amounted to $X per unit, standing approx. at the previous year. In general, the import price, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 12%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 Turkey ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform