MENA: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in MENA

The MENA's metal frame upholstered seat market surged to $X in 2021, rising by 18% against the previous year. Over the period under review, consumption saw prominent growth. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Upholstered Seats With Metal Frames in MENA

In value terms, metal frame upholstered seat production surged to $X in 2021 estimated in export price. Overall, production posted buoyant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 123%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Upholstered Seats With Metal Frames

Exports in MENA

In 2021, shipments abroad of upholstered seats with metal frames increased by 92% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal frame upholstered seat exports soared to $X in 2021. In general, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, accounting for X units, which was near 84% of total exports in 2021. Oman (X units) ranks second in terms of the total exports with a 6.7% share, followed by the United Arab Emirates (4.9%).

Exports from Turkey increased at an average annual rate of +17.4% from 2012 to 2021. At the same time, Oman (+110.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +110.8% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. Turkey (+41 p.p.) and Oman (+6.7 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -5.7% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest metal frame upholstered seat supplier in MENA, comprising 77% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +13.0%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+9.2% per year) and Oman (+41.1% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, waning by -30.6% against the previous year. Overall, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 53% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($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 Arab Emirates (+9.2%), while the other leaders experienced a decline in the export price figures.

Imports of Upholstered Seats With Metal Frames

Imports in MENA

In 2021, approx. X units of upholstered seats with metal frames were imported in MENA; picking up by 42% compared with 2020. Total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +108.0% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by 43%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, metal frame upholstered seat imports surged to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +115.5% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the key importer of upholstered seats with metal frames in MENA, with the volume of imports recording X units, which was approx. 38% of total imports in 2021. Israel (X units) ranks second in terms of the total imports with a 16% share, followed by Kuwait (6.3%), Iraq (5.8%), Turkey (5.4%), Morocco (4.7%) and Oman (4.6%).

From 2012 to 2021, average annual rates of growth with regard to metal frame upholstered seat imports into the United Arab Emirates stood at +4.2%. At the same time, Oman (+19.7%), Israel (+14.8%), Iraq (+8.1%), Kuwait (+7.6%) and Morocco (+4.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in MENA, with a CAGR of +19.7% from 2012-2021. By contrast, Turkey (-11.4%) illustrated a downward trend over the same period. While the share of Israel (+10 p.p.), the United Arab Emirates (+3.6 p.p.), Oman (+3.4 p.p.), Kuwait (+2 p.p.) and Iraq (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkey (-15.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported upholstered seats with metal frames in MENA, comprising 39% of total imports. The second position in the ranking was held by Israel ($X), with an 18% share of total imports. It was followed by Kuwait, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+21.2% per year) and Kuwait (+7.9% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, leveling off at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 13%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform