Middle East: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in the Middle East

The Middle Eastern wooden frame upholstered seat market reduced modestly to $X in 2022, remaining relatively unchanged against the previous year. The total consumption indicated moderate growth 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, consumption increased by +3.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in the Middle East

In value terms, wooden frame upholstered seat production fell to $X in 2022 estimated in export price. In general, production, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 61% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports in the Middle East

After three years of growth, overseas shipments of upholstered seats with wooden frames decreased by -18.6% to X units in 2022. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 94%. As a result, the exports reached the peak of X units, and then declined markedly in the following year.

In value terms, wooden frame upholstered seat exports expanded rapidly to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey was the key exporter of upholstered seats with wooden frames in the Middle East, with the volume of exports accounting for X units, which was near 71% of total exports in 2022. The United Arab Emirates (X units) took a 15% share (based on physical terms) of total exports, which put it in second place, 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 the Middle East, with a CAGR of +18.6% from 2012-2022. The United Arab Emirates (+4.6 p.p.) and Palestine (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -5.5% from 2012 to 2022, respectively.

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

In Turkey, wooden frame upholstered seat exports expanded at an average annual rate of +14.8% over the period from 2012-2022. 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

In 2022, the export price in the Middle East amounted to $X per unit, surging by 41% against the previous year. Overall, 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 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 (+1.8%), while the other leaders experienced a decline in the export price figures.

Imports of Upholstered Seats With Wooden Frames

Imports in the Middle East

In 2022, the amount of upholstered seats with wooden frames imported in the Middle East contracted dramatically to X units, with a decrease of -19.9% compared with the previous year. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +31.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of X units, and then shrank significantly in the following year.

In value terms, wooden frame upholstered seat imports reduced to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +40.8% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X units, which accounted for 37% of total imports. Israel (X units) ranks second in terms of the total imports with a 17% share, followed by Qatar (14%), Iraq (11%), Kuwait (9.9%) and Oman (4.8%). Turkey (X units) took a little share 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 the Middle East, with a CAGR of +10.8% from 2012-2022. By contrast, Turkey (-7.9%) illustrated a downward trend over the same period. The United Arab Emirates (+6.5 p.p.), Iraq (+4.1 p.p.), Oman (+2.3 p.p.) and Israel (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -7.7% from 2012 to 2022, respectively. 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 the Middle East were the United Arab Emirates ($X), Israel ($X) and Qatar ($X), together accounting for 47% of total imports. Iraq, Kuwait, Oman and Turkey lagged somewhat behind, together accounting for a further 19%.

Among the main importing countries, Oman, with a CAGR of +13.1%, recorded the highest rates of growth with regard to 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

In 2022, the import price in the Middle East amounted to $X per unit, rising by 12% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 25%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the 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

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