Nigeria: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Nigeria

The Nigerien wooden frame upholstered seat market rose remarkably to $X in 2022, growing by 5.8% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.2% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Upholstered Seats With Wooden Frames in Nigeria

In value terms, wooden frame upholstered seat production expanded significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.6% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 33% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from Nigeria

In 2022, approx. X units of upholstered seats with wooden frames were exported from Nigeria; reducing by -29.4% compared with 2021. In general, exports, however, showed a slight increase. The pace of growth appeared the most rapid in 2017 with an increase of 180% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports declined sharply to $X in 2022. Overall, exports saw a mild contraction. The pace of growth was the most pronounced in 2017 with an increase of 199% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for wooden frame upholstered seat exports from Nigeria, accounting for a 83% share of total exports. Moreover, wooden frame upholstered seat exports to the United States exceeded the volume sent to the second major destination, Niger (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+18.5% per year) and Benin (-39.7% per year).

In value terms, the United States ($X), Niger ($X) and Benin ($X) were the largest markets for wooden frame upholstered seat exported from Nigeria worldwide, together accounting for 100% of total exports.

Among the main countries of destination, the United States, with a CAGR of +41.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, rising by 3.4% against the previous year. Over the period under review, the export price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 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 Benin ($X per unit), while the average price for exports to the United States ($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 the United States (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Nigeria

After two years of decline, supplies from abroad of upholstered seats with wooden frames increased by 31% to X units in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2017 with an increase of 2,422% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wooden frame upholstered seat imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 2,367% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main supplier of wooden frame upholstered seat to Nigeria, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +64.4%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of upholstered seats with wooden frames to Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +65.7%.

Import Prices by Country

In 2022, the average wooden frame upholstered seat import price amounted to $X per unit, with an increase of 7.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 17%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +2.6% per year.

Source: IndexBox Platform

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