MENA: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in MENA

The MENA's wooden frame upholstered seat market declined to $X in 2022, which is down by -2.3% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +3.4% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Upholstered Seats With Wooden Frames in MENA

In value terms, wooden frame upholstered seat production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong increase. The growth pace was the most rapid in 2017 when the production volume increased by 56%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports in MENA

After three years of growth, overseas shipments of upholstered seats with wooden frames decreased by -18.7% to X units in 2022. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 95%. As a result, the exports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, wooden frame upholstered seat exports rose rapidly to $X in 2022. Over the period under review, exports, however, posted resilient growth. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Turkey (X units) was the main exporter of upholstered seats with wooden frames, generating 71% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a 15% share, followed by Palestine (9.4%).

From 2012 to 2022, average annual rates of growth with regard to wooden frame upholstered seat exports from Turkey stood at +12.7%. At the same time, Palestine (+18.6%) and the United Arab Emirates (+17.6%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing exporter exported in MENA, with a CAGR of +18.6% from 2012-2022. While the share of the United Arab Emirates (+4.8 p.p.) and Palestine (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (-3.9 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest wooden frame upholstered seat supplier in MENA, comprising 79% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +14.8%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+15.2% per year) and Palestine (+17.1% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, increasing by 41% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.8%), while the other leaders experienced a decline in the export price figures.

Imports of Upholstered Seats With Wooden Frames

Imports in MENA

In 2022, approx. X units of upholstered seats with wooden frames were imported in MENA; dropping by -19.4% against 2021 figures. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +30.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 61%. As a result, imports attained the peak of X units, and then contracted sharply in the following year.

In value terms, wooden frame upholstered seat imports declined to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +40.2% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

The United Arab Emirates was the main importer of upholstered seats with wooden frames in MENA, with the volume of imports recording X units, which was near 34% of total imports in 2022. It was distantly followed by Israel (X units), Qatar (X units), Iraq (X units) and Kuwait (X units), together generating a 47% share of total imports. The following importers - Oman (X units) and Turkey (X units) - together made up 7.5% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +6.0% from 2012 to 2022. At the same time, Oman (+10.8%), Iraq (+9.0%), Kuwait (+5.7%), Israel (+5.3%) and Qatar (+3.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in MENA, with a CAGR of +10.8% from 2012-2022. By contrast, Turkey (-7.9%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+7.2 p.p.), Iraq (+4 p.p.), Israel (+2.5 p.p.), Oman (+2.2 p.p.) and Kuwait (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wooden frame upholstered seat importing markets in MENA were the United Arab Emirates ($X), Israel ($X) and Qatar ($X), with a combined 45% share of total imports. Iraq, Kuwait, Oman and Turkey lagged somewhat behind, together accounting for a further 19%.

Oman, with a CAGR of +13.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 an increase of 21%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Iraq ($X per unit) and Qatar ($X per unit), while Oman ($X per unit) and Kuwait ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform