GCC: Swivel Seat Market 2024

Swivel Seat Market Size in GCC

The GCC swivel seat market shrank to $X in 2022, waning by -4.6% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +57.6% against 2016 indices. The level of consumption peaked at $X in 2021, and then reduced modestly in the following year.

Swivel Seat Production in GCC

In value terms, swivel seat production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production posted resilient growth. The growth pace was the most rapid in 2019 with an increase of 79% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Swivel Seat Exports

Exports in GCC

In 2022, approx. X units of swivel seats with variable height adjustments were exported in GCC; which is down by -1.9% compared with 2021. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 71%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, swivel seat exports fell to $X in 2022. Overall, exports, however, continue to indicate a modest expansion. The pace of growth was the most pronounced in 2013 when exports increased by 95%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X units, which was near 87% of total exports in 2022. It was distantly followed by Bahrain (X units), creating a 9.1% share of total exports. Saudi Arabia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to swivel seat exports from the United Arab Emirates stood at +8.2%. At the same time, Bahrain (+44.2%) and Saudi Arabia (+34.8%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +44.2% from 2012-2022. From 2012 to 2022, the share of Bahrain and Saudi Arabia increased by +8.5 and +2.3 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest swivel seat supplier in GCC, comprising 86% of total exports. The second position in the ranking was held by Bahrain ($X), with a 9.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Bahrain (+32.9% per year) and Saudi Arabia (+33.0% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, dropping by -7.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 an increase of 57% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.3%), while the other leaders experienced a decline in the export price figures.

Swivel Seat Imports

Imports in GCC

In 2022, approx. X units of swivel seats with variable height adjustments were imported in GCC; dropping by -9.4% compared with 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, swivel seat imports reduced to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.4% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 37%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main importer of swivel seats with variable height adjustments, constituting 63% of total imports. Kuwait (X units) ranks second in terms of the total imports with a 15% share, followed by Qatar (12%), Oman (5.3%) and Bahrain (4.9%).

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of swivel seats with variable height adjustments. At the same time, Kuwait (+9.7%) and Bahrain (+2.7%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +9.7% from 2012-2022. Oman and Qatar experienced a relatively flat trend pattern. From 2012 to 2022, the share of Kuwait increased by +8.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported swivel seats with variable height adjustments in GCC, comprising 51% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 9.3% share of total imports. It was followed by Qatar, with a 9% share.

In the United Arab Emirates, swivel seat imports increased at an average annual rate of +3.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+9.5% per year) and Qatar (-3.5% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with a decrease of -3.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2019 when the import price increased by 16%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Oman ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform