Morocco: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Morocco

The Moroccan wooden frame upholstered seat market rose significantly to $X in 2022, increasing by 10% 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). Overall, consumption, however, enjoyed a prominent increase. Wooden frame upholstered seat consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Upholstered Seats With Wooden Frames

Exports from Morocco

In 2022, the amount of upholstered seats with wooden frames exported from Morocco amounted to X units, approximately reflecting the year before. Overall, exports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 107%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports reduced to $X in 2022. Over the period under review, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 99%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for wooden frame upholstered seat exports from Morocco, with a 55% share of total exports. Moreover, wooden frame upholstered seat exports to France exceeded the volume sent to the second major destination, Belgium (X units), fivefold. The third position in this ranking was held by Israel (X units), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at -15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+28.4% per year) and Israel (+29,100.0% per year).

In value terms, France ($X) remains the key foreign market for upholstered seats with wooden frames exports from Morocco, comprising 56% of total exports. The second position in the ranking was held by Belgium ($X), with an 11% share of total exports. It was followed by Israel, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+31.2% per year) and Israel (+224,547.7% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, falling by -8.4% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame upholstered seat export price decreased by -14.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 40%. Over the period under review, the average export prices attained the maximum 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+669.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Morocco

Wooden frame upholstered seat imports into Morocco fell slightly to X units in 2022, therefore, remained relatively stable against the previous year's figure. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 29% against the previous year. Imports peaked at X units in 2021, and then contracted modestly in the following year.

In value terms, wooden frame upholstered seat imports amounted to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X units), Turkey (X units) and Spain (X units) were the main suppliers of wooden frame upholstered seat imports to Morocco, together comprising 65% of total imports. China, Poland, Portugal, Romania, France, Malaysia and Egypt lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +77.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat suppliers to Morocco were Italy ($X), Turkey ($X) and Spain ($X), together accounting for 65% of total imports. China, Poland, Portugal, Romania, France, Malaysia and Egypt lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Romania, with a CAGR of +80.7%, 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 average wooden frame upholstered seat import price stood at $X per unit in 2022, surging by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($X per unit) and Turkey ($X per unit), while the price for Egypt ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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