GCC: Market for Non-Upholstered Seats With Metal Frames 2024

Market Size for Non-Upholstered Seats With Metal Frames in GCC

The GCC metal frame non-upholstered seat market expanded to $X in 2021, picking up by 4.9% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.8% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Production of Non-Upholstered Seats With Metal Frames in GCC

In value terms, metal frame non-upholstered seat production soared to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.9% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 30% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Non-Upholstered Seats With Metal Frames

Exports in GCC

Metal frame non-upholstered seat exports surged to X units in 2021, with an increase of 76% against the previous year. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 77% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, metal frame non-upholstered seat exports soared to $X in 2021. Total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia was the key exporting country with an export of about X units, which recorded 71% of total exports. The United Arab Emirates (X units) took the second position in the ranking, distantly followed by Kuwait (X units) and Oman (X units). All these countries together took approx. 29% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the non-upholstered seats with metal frames exports, with a CAGR of +62.0% from 2012 to 2021. At the same time, Oman (+37.6%) and Kuwait (+7.9%) displayed positive paces of growth. By contrast, the United Arab Emirates (-12.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia and Oman increased by +69 and +4.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest metal frame non-upholstered seat supplier in GCC, comprising 62% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 28% share of total exports. It was followed by Oman, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to -2.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+43.7% per year) and Oman (+34.6% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, dropping by -29.8% against the previous year. In general, the export price saw a perceptible setback. The growth pace was the most rapid in 2017 an increase of 103% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Upholstered Seats With Metal Frames

Imports in GCC

In 2021, supplies from abroad of non-upholstered seats with metal frames increased by 53% to X units, rising for the fourth consecutive year after three years of decline. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 100% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, metal frame non-upholstered seat imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) represented the key importer of non-upholstered seats with metal frames, making up 67% of total imports. Oman (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (9.7%), Qatar (6.2%) and Bahrain (4.8%).

From 2012 to 2021, average annual rates of growth with regard to metal frame non-upholstered seat imports into the United Arab Emirates stood at +5.3%. At the same time, Qatar (+39.1%), Bahrain (+17.5%), Oman (+8.9%) and Kuwait (+7.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +39.1% from 2012-2021. Qatar (+5.6 p.p.), Bahrain (+2.8 p.p.) and Oman (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -10.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-upholstered seats with metal frames in GCC, comprising 58% of total imports. The second position in the ranking was held by Oman ($X), with a 9.4% share of total imports. It was followed by Kuwait, with an 8.9% share.

In the United Arab Emirates, metal frame non-upholstered seat imports expanded at an average annual rate of +4.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Oman (+18.0% per year) and Kuwait (+7.5% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, falling by -12.7% against the previous year. Over the period under review, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of 56%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Qatar ($X per unit) and Kuwait ($X per unit), while Oman ($X per unit) and Bahrain ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+8.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform