Ethiopia: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Ethiopia

The Ethiopian wooden frame upholstered seat market shrank to $X in 2022, declining by -13.1% 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 measured increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Ethiopia

In 2022, the amount of upholstered seats with wooden frames exported from Ethiopia reduced remarkably to X units, dropping by -34.5% against the year before. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 150%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports shrank remarkably to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when exports increased by 471% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X units), Belgium (X units) and Jordan (X units) were the main destinations of wooden frame upholstered seat exports from Ethiopia, with a combined 28% share of total exports. Switzerland, China, Malawi, Uganda, the United Arab Emirates, Tanzania, South Africa, Benin, Panama and Mozambique lagged somewhat behind, together accounting for a further 36%. Moreover, wooden frame upholstered seat exports in Italy exceeded the figures recorded by the second-largest exporter, Belgium, twofold.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame upholstered seat exported from Ethiopia were Italy ($X), the United Arab Emirates ($X) and Malawi ($X), together comprising 36% of total exports.

The United Arab Emirates, with a CAGR of +46.1%, saw the highest rates of growth with regard to the value of exports, among 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

The average wooden frame upholstered seat export price stood at $X per unit in 2022, which is down by -10.3% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 129% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 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 the United Arab Emirates ($X per unit), while the average price for exports to China ($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 the United Arab Emirates (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Ethiopia

In 2022, approx. X units of upholstered seats with wooden frames were imported into Ethiopia; falling by -10% on 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 60% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wooden frame upholstered seat imports fell remarkably to $X in 2022. In general, imports, however, saw a strong increase. The growth pace was the most rapid in 2014 when imports increased by 183%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Turkey (X units) and the United Arab Emirates (X units) were the main suppliers of wooden frame upholstered seat imports to Ethiopia, with a combined 81% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and the United Arab Emirates ($X) constituted the largest wooden frame upholstered seat suppliers to Ethiopia, together comprising 84% of total imports.

Turkey, with a CAGR of +41.9%, recorded 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

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, with a decrease of -6.5% against the previous year. In general, import price indicated a strong increase 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 +17.6% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 87%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 Italy ($X per unit), while the price for Malaysia ($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 (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform