Middle East: Swivel Seat Market 2024

Swivel Seat Market Size in the Middle East

After two years of growth, the Middle Eastern swivel seat market decreased by -1% to $X in 2022. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Swivel Seat Production in the Middle East

In value terms, swivel seat production fell dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by 51%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Swivel Seat Exports

Exports in the Middle East

In 2022, overseas shipments of swivel seats with variable height adjustments decreased by -8.9% to X units, falling for the third year in a row after two years of growth. In general, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2019 when exports increased by 93% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, swivel seat exports declined to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.2% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by 40% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

Turkey was the largest exporting country with an export of about X units, which finished at 74% of total exports. It was distantly followed by the United Arab Emirates (X units), committing a 22% share of total exports. Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to swivel seat exports from Turkey stood at -3.4%. At the same time, Bahrain (+44.2%) and the United Arab Emirates (+8.2%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +44.2% from 2012-2022. While the share of the United Arab Emirates (+14 p.p.) and Bahrain (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (-7.4 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest swivel seat supplier in the Middle East, comprising 90% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +4.1%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+0.1% per year) and Bahrain (+32.9% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 35%. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 (+7.8%), while the other leaders experienced a decline in the export price figures.

Swivel Seat Imports

Imports in the Middle East

In 2022, purchases abroad of swivel seats with variable height adjustments decreased by -9.5% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 23% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, swivel seat imports reduced to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +56.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) and Israel (X units) represented the main importers of swivel seats with variable height adjustments in the Middle East, together resulting at near 63% of total imports. Kuwait (X units) ranks next in terms of the total imports with an 8.5% share, followed by Qatar (6.9%), Iraq (6.8%) and Turkey (5.9%). Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 61% of total imports.

Among the main importing countries, Israel, with a CAGR of +12.2%, recorded the highest growth rate of the value of imports, 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 the Middle East stood at $X per unit in 2022, declining by -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2017 when the import price increased by 19%. Over the period under review, import prices hit record highs at $X per unit in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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