Saudi Arabia: Seat Market 2025

Seat Market Size in Saudi Arabia

The Saudi seat market totaled $X in 2021, growing by 8.8% against the previous year. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Seat Production in Saudi Arabia

In value terms, seat production expanded significantly to $X in 2021 estimated in export price. Overall, production recorded a strong increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 60% against the previous year. Seat production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Seat Exports

Exports from Saudi Arabia

In 2021, the amount of seats exported from Saudi Arabia declined dramatically to X tons, waning by -35.2% compared with 2020 figures. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 1,434%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, seat exports soared to $X in 2021. Over the period under review, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons), the Philippines (X tons) and Djibouti (X tons) were the main destinations of seat exports from Saudi Arabia, with a combined 11% share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +27.4%), while the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) remains the key foreign market for seats exports from Saudi Arabia, comprising 12% of total exports. The second position in the ranking was held by Nigeria ($X), with a 2% share of total exports. It was followed by Ethiopia, with a 2% share.

From 2012 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates totaled -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+11.2% per year) and Ethiopia (+2.0% per year).

Export Prices by Country

In 2020, the average seat export price amounted to $X per ton, shrinking by -58.3% against the previous year. Overall, the export price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 634% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2020, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.

Seat Imports

Imports into Saudi Arabia

In 2021, approx. less than X kg of seats were imported into Saudi Arabia; remaining relatively unchanged against the previous year. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, seat imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of seat imports to Saudi Arabia, with a combined 33% share of total imports. Moreover, seat imports in China exceeded the figures recorded by the second-largest supplier, Turkey, more than tenfold.

From 2012 to 2020, the biggest increases were recorded for Turkey (with a CAGR of +14.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of seats to Saudi Arabia, comprising 89% of total imports. The second position in the ranking was taken by Turkey ($X), with a 6.1% share of total imports. It was followed by the United States, with a 5.8% share.

From 2012 to 2020, the average annual rate of growth in terms of value from China totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+21.4% per year) and the United States (-0.4% per year).

Import Prices by Country

In 2020, the average seat import price amounted to less than $X per ton, leveling off at the previous year. In general, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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