Nigeria: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Nigeria

The Nigerien wooden frame non-upholstered seat market reached $X in 2022, picking up by 6.7% against the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +22.9% against 2019 indices. Wooden frame non-upholstered seat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Upholstered Seats With Wooden Frames in Nigeria

In value terms, wooden frame non-upholstered seat production expanded significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +24.0% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 47%. Wooden frame non-upholstered seat production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Non-Upholstered Seats With Wooden Frames

Exports from Nigeria

In 2022, shipments abroad of non-upholstered seats with wooden frames was finally on the rise to reach X units after two years of decline. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 312%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, wooden frame non-upholstered seat exports surged to $X in 2022. In general, exports saw strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 302% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for wooden frame non-upholstered seat exports from Nigeria, with a 60% share of total exports. Moreover, wooden frame non-upholstered seat exports to the United States exceeded the volume sent to the second major destination, China (X units), fourfold. Angola (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+24.6% per year) and Angola (+14.9% per year).

In value terms, the United States ($X) remains the key foreign market for non-upholstered seats with wooden frames exports from Nigeria, comprising 61% of total exports. The second position in the ranking was held by Kenya ($X), with a 13% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+20.0% per year) and China (+16.8% per year).

Export Prices by Country

The average wooden frame non-upholstered seat export price stood at $X per unit in 2022, increasing by 4% against the previous year. In general, the export price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 35% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Angola ($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 Angola (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Non-Upholstered Seats With Wooden Frames

Imports into Nigeria

In 2022, wooden frame non-upholstered seat imports into Nigeria surged to X units, increasing by 1,119% against the year before. In general, imports enjoyed moderate growth. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wooden frame non-upholstered seat imports soared to $X in 2022. Over the period under review, imports recorded a strong increase. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Turkey (X units) and the UK (X units) were the main suppliers of wooden frame non-upholstered seat imports to Nigeria, with a combined 60% share of total imports. Saudi Arabia, the Netherlands, South Africa and Italy lagged somewhat behind, together comprising a further 4.8%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +46.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame non-upholstered seat suppliers to Nigeria were the UK ($X), China ($X) and Turkey ($X), together comprising 87% of total imports. Saudi Arabia, the Netherlands, South Africa and Italy lagged somewhat behind, together accounting for a further 4%.

The Netherlands, with a CAGR of +53.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden frame non-upholstered seat import price amounted to $X per unit, dropping by -23.6% against the previous year. Overall, import price indicated a mild expansion 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. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. The import price peaked at $X per unit in 2021, and then contracted significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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