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

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

The Kuwaiti metal frame non-upholstered seat market surged to $X in 2021, rising by 35% 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 showed a strong expansion. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Exports of Non-Upholstered Seats With Metal Frames

Exports from Kuwait

In 2021, metal frame non-upholstered seat exports from Kuwait surged to X units, growing by 421% against the previous year's figure. Overall, exports posted a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 550% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, metal frame non-upholstered seat exports surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 311% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Ghana (X units) was the main destination for metal frame non-upholstered seat exports from Kuwait, with a 66% share of total exports. Moreover, metal frame non-upholstered seat exports to Ghana exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold. Qatar (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ghana totaled +95.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-2.9% per year) and Qatar (+38.5% per year).

In value terms, Ghana ($X) remains the key foreign market for non-upholstered seats with metal frames exports from Kuwait, comprising 55% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total exports. It was followed by Qatar, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana stood at +98.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+3.3% per year) and Qatar (+28.5% per year).

Export Prices by Country

The average metal frame non-upholstered seat export price stood at $X per unit in 2021, falling by -44% against the previous year. In general, the export price, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2017 an increase of 157% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average 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 Senegal ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+45.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Metal Frames

Imports into Kuwait

For the third year in a row, Kuwait recorded growth in purchases abroad of non-upholstered seats with metal frames, which increased by 33% to X units in 2021. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 38%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal frame non-upholstered seat imports surged to $X in 2021. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 80%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal frame non-upholstered seat to Kuwait, accounting for a 75% share of total imports. Moreover, metal frame non-upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Turkey (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.7% per year) and Turkey (+35.3% per year).

In value terms, China ($X) constituted the largest supplier of non-upholstered seats with metal frames to Kuwait, comprising 63% of total imports. The second position in the ranking was held by Turkey ($X), with a 5.3% share of total imports. It was followed by Taiwan (Chinese), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+27.9% per year) and Taiwan (Chinese) (+9.9% per year).

Import Prices by Country

In 2021, the average metal frame non-upholstered seat import price amounted to $X per unit, rising by 4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 57%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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