Kuwait: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Kuwait

The Kuwaiti metal frame upholstered seat market soared to $X in 2021, surging by 37% 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 enjoyed a buoyant increase. Metal frame upholstered seat consumption peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Upholstered Seats With Metal Frames

Exports from Kuwait

In 2021, overseas shipments of upholstered seats with metal frames decreased by -36% to X units, falling for the third consecutive year after seven years of growth. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 159% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal frame upholstered seat exports contracted slightly to $X in 2021. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 79% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped slightly in the following year.

Exports by Country

Saudi Arabia (X units), Germany (X units) and the United Arab Emirates (X units) were the main destinations of metal frame upholstered seat exports from Kuwait, together accounting for 74% of total exports. These countries were followed by Iraq, the UK, Australia, Bahrain and Qatar, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +51.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal frame upholstered seat exported from Kuwait were Saudi Arabia ($X), Germany ($X) and the United Arab Emirates ($X), together comprising 78% of total exports. Iraq, Bahrain, Australia, Qatar, Egypt and the UK lagged somewhat behind, together comprising a further 19%.

The UK, with a CAGR of +60.3%, saw the highest growth rate of 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

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, with an increase of 52% against the previous year. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 244%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to the UK ($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 Egypt (+60.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Metal Frames

Imports into Kuwait

In 2021, supplies from abroad of upholstered seats with metal frames increased by 31% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 223% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, metal frame upholstered seat imports surged to $X in 2021. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 203% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest metal frame upholstered seat supplier to Kuwait, with a 78% share of total imports. Moreover, metal frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+31.9% per year) and Italy (+26.8% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Kuwait, comprising 40% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.4% per year) and Italy (+20.5% per year).

Import Prices by Country

In 2021, the average metal frame upholstered seat import price amounted to $X per unit, with an increase of 6.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 42% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood 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 the United States ($X per unit), while the price for China ($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 States (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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