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

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

The Kuwaiti wooden frame non-upholstered seat market dropped sharply to $X in 2022, which is down by -15.1% 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). In general, consumption, however, continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Kuwait

In 2022, the amount of non-upholstered seats with wooden frames exported from Kuwait contracted to X units, dropping by -15% against the previous year. Overall, exports, however, recorded modest growth. The most prominent rate of growth was recorded in 2013 with an increase of 434% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, wooden frame non-upholstered seat exports shrank sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 441%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for wooden frame non-upholstered seat exports from Kuwait, with a 74% share of total exports. Moreover, wooden frame non-upholstered seat exports to the United Arab Emirates exceeded the volume sent to the second major destination, France (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+34.5% per year) and Italy (-11.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from Kuwait, comprising 76% of total exports. The second position in the ranking was held by France ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+37.4% per year) and Italy (-12.8% per year).

Export Prices by Country

The average wooden frame non-upholstered seat export price stood at $X per unit in 2022, shrinking by -6.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Italy ($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 Qatar (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Kuwait

Wooden frame non-upholstered seat imports into Kuwait declined remarkably to X units in 2022, reducing by -16.1% compared with the previous year. Over the period under review, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by 216% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden frame non-upholstered seat imports contracted to $X in 2022. In general, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 232%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Turkey (X units) and the United Arab Emirates (X units) were the main suppliers of wooden frame non-upholstered seat imports to Kuwait, with a combined 86% 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 +52.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame non-upholstered seat suppliers to Kuwait were China ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising 68% of total imports.

Among the main suppliers, Turkey, with a CAGR of +43.5%, saw the highest growth rate of the value of imports, 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 non-upholstered seat import price amounted to $X per unit, rising by 1.8% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2020 an increase of 18%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, 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 Spain ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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