Libya: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Libya

The Libyan wooden frame upholstered seat market reduced to $X in 2022, dropping by -14.3% 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). Over the period under review, consumption saw a noticeable reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Libya

In 2022, after four years of growth, there was significant decline in shipments abroad of upholstered seats with wooden frames, when their volume decreased by -23.5% to X units. Over the period under review, exports, however, showed a strong increase. The growth pace was the most rapid in 2013 when exports increased by 271% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2013 with an increase of 713% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for wooden frame upholstered seat exports from Libya, accounting for a 85% share of total exports. Moreover, wooden frame upholstered seat exports to the UK exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Niger (-12.9% per year).

In value terms, the UK ($X) remains the key foreign market for upholstered seats with wooden frames exports from Libya, comprising 77% of total exports. The second position in the ranking was taken by the United States ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Niger (-15.3% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, waning by -7% against the previous year. Overall, the export price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of 119%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Niger ($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 Norway (-2.6%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Wooden Frames

Imports into Libya

Wooden frame upholstered seat imports into Libya dropped to X units in 2022, waning by -11.4% against the previous year. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2019 with an increase of 141% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wooden frame upholstered seat imports shrank remarkably to $X in 2022. Over the period under review, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2019 with an increase of 117%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest wooden frame upholstered seat supplier to Libya, with a 74% share of total imports. Moreover, wooden frame upholstered seat imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. China (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.1% per year) and China (-24.7% per year).

In value terms, Turkey ($X) constituted the largest supplier of upholstered seats with wooden frames to Libya, comprising 78% of total imports. The second position in the ranking was held by Italy ($X), with a 7.3% share of total imports. It was followed by China, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.1% per year) and China (-24.0% per year).

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, which is down by -4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. The import price peaked at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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