Egypt: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Egypt

The Egyptian wooden frame upholstered seat market shrank to $X in 2022, with a decrease of -4% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.9% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Upholstered Seats With Wooden Frames in Egypt

In value terms, wooden frame upholstered seat production contracted slightly to $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Egypt

In 2022, the amount of upholstered seats with wooden frames exported from Egypt fell rapidly to X units, dropping by -67.7% against 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 328% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports declined markedly to $X in 2022. Over the period under review, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 239%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Libya (X units) was the main destination for wooden frame upholstered seat exports from Egypt, with a 51% share of total exports. Moreover, wooden frame upholstered seat exports to Libya exceeded the volume sent to the second major destination, Saudi Arabia (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Libya totaled +46.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+12.9% per year) and the Netherlands (+52.5% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for upholstered seats with wooden frames exports from Egypt, comprising 39% of total exports. The second position in the ranking was held by Libya ($X), with a 19% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+24.4% per year) and the Netherlands (+68.9% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, increasing by 27% against the previous year. In general, the export price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 an increase of 89%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 Belgium ($X per unit), while the average price for exports to Libya ($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 Russia (+117.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Egypt

In 2022, wooden frame upholstered seat imports into Egypt declined significantly to X units, shrinking by -44.1% compared with the previous year's figure. Overall, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 185%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat imports declined notably to $X in 2022. In general, imports, however, recorded strong growth. The growth pace was the most rapid in 2021 when imports increased by 115% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

Bulgaria (X units), Italy (X units) and the United Arab Emirates (X units) were the main suppliers of wooden frame upholstered seat imports to Egypt, together accounting for 72% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +51.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United Arab Emirates ($X) and Romania ($X) were the largest wooden frame upholstered seat suppliers to Egypt, with a combined 77% share of total imports. China, Thailand, Turkey and Bulgaria lagged somewhat behind, together accounting for a further 15%.

Bulgaria, with a CAGR of +45.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, reducing by -11.5% against the previous year. In general, the import price recorded a mild shrinkage. The growth pace was the most rapid in 2020 an increase of 49%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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