Ethiopia: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Ethiopia

In 2022, after two years of decline, there was significant growth in the Ethiopian wooden frame non-upholstered seat market, when its value increased by 23% to $X. Over the period under review, consumption, however, showed a noticeable contraction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Ethiopia

In 2022, approx. X units of non-upholstered seats with wooden frames were exported from Ethiopia; picking up by 35% on the previous year's figure. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 980% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden frame non-upholstered seat exports soared to $X in 2022. In general, exports posted noticeable growth. The most prominent rate of growth was recorded in 2014 with an increase of 510%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X units), Malawi (X units) and Senegal (X units) were the main destinations of wooden frame non-upholstered seat exports from Ethiopia, with a combined 33% share 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 Malawi (with a CAGR of +55.0%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Malawi ($X) and Senegal ($X) appeared to be the largest markets for wooden frame non-upholstered seat exported from Ethiopia worldwide, together accounting for 30% of total exports.

South Africa, with a CAGR of +47.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wooden frame non-upholstered seat export price amounted to $X per unit, waning by -3.3% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2018 an increase of 45%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Norway ($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 China (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Ethiopia

In 2022, after two years of decline, there was significant growth in supplies from abroad of non-upholstered seats with wooden frames, when their volume increased by 34% to X units. Over the period under review, imports, however, recorded a noticeable contraction. The growth pace was the most rapid in 2013 with an increase of 41%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wooden frame non-upholstered seat imports surged to $X in 2022. Overall, imports, however, recorded a slight decrease. The growth pace was the most rapid in 2017 with an increase of 40% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame non-upholstered seat to Ethiopia, accounting for a 42% share of total imports. Moreover, wooden frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by Turkey (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.5% per year) and Turkey (+29.2% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with wooden frames to Ethiopia, comprising 49% of total imports. The second position in the ranking was held by Turkey ($X), with a 16% share of total imports. It was followed by Italy, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.5% per year) and Italy (+18.5% per year).

Import Prices by Country

The average wooden frame non-upholstered seat import price stood at $X per unit in 2022, shrinking by -10.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2018 an increase of 32%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then dropped 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 China ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform