Kuwait: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Kuwait

The Kuwaiti wooden frame upholstered seat market declined markedly to $X in 2022, shrinking by -25.1% 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). Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +50.0% against 2020 indices. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from Kuwait

Wooden frame upholstered seat exports from Kuwait contracted slightly to X units in 2022, which is down by -1.9% on the previous year's figure. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 477%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports reduced to $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 327% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X units) was the main destination for wooden frame upholstered seat exports from Kuwait, accounting for a 71% share of total exports. Moreover, wooden frame upholstered seat exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fivefold. France (X units) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar stood at +69.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+22.2% per year) and France (+17.4% per year).

In value terms, Qatar ($X) emerged as the key foreign market for upholstered seats with wooden frames exports from Kuwait, comprising 77% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by France, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to +70.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+18.4% per year) and France (+13.9% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, which is down by -5.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 50%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Bahrain ($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 the UK (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Kuwait

In 2022, imports of upholstered seats with wooden frames into Kuwait shrank sharply to X units, declining by -27% on the previous year's figure. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +54.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 112%. As a result, imports attained the peak of X units, and then declined significantly in the following year.

In value terms, wooden frame upholstered seat imports reduced sharply to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +46.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 92%. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame upholstered seat supplier to Kuwait, accounting for a 48% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Italy (X units), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+36.6% per year) and Italy (+11.6% per year).

In value terms, the largest wooden frame upholstered seat suppliers to Kuwait were China ($X), the United Arab Emirates ($X) and Italy ($X), together comprising 60% of total imports. Turkey, the United States and Romania lagged somewhat behind, together accounting for a further 13%.

Turkey, with a CAGR of +29.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, picking up by 4.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 10%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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