Turkey: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Turkey

The Turkish metal frame upholstered seat market skyrocketed to $X in 2021, rising by 19% against the previous year. Over the period under review, consumption recorded buoyant growth. Metal frame upholstered seat consumption peaked in 2021 and is likely to see gradual growth in the near future.

Production of Upholstered Seats With Metal Frames in Turkey

In value terms, metal frame upholstered seat production surged to $X in 2021 estimated in export price. Over the period under review, production recorded prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 150%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Upholstered Seats With Metal Frames

Exports from Turkey

In 2021, shipments abroad of upholstered seats with metal frames increased by 100% to X units, rising for the fourth consecutive year after two years of decline. In general, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal frame upholstered seat exports skyrocketed to $X in 2021. Overall, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X units), Israel (X units) and Germany (X units) were the main destinations of metal frame upholstered seat exports from Turkey, with a combined 26% share of total exports. The United States, the Netherlands, Belgium, Qatar, Libya, the United Arab Emirates, Azerbaijan, Serbia, Romania and Bulgaria lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +76.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal frame upholstered seat exported from Turkey were Iraq ($X), Israel ($X) and Germany ($X), together accounting for 25% of total exports. The United States, the Netherlands, Belgium, Qatar, Libya, the United Arab Emirates, Azerbaijan, Serbia, Romania and Bulgaria lagged somewhat behind, together accounting for a further 38%.

The United States, with a CAGR of +68.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, reducing by -28.2% against the previous year. In general, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 23% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per unit) and Bulgaria ($X per unit), while the average price for exports to Qatar ($X per unit) and Iraq ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-4.2%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Metal Frames

Imports into Turkey

In 2021, the amount of upholstered seats with metal frames imported into Turkey was estimated at X units, with an increase of 15% against the year before. In general, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by 40%. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, metal frame upholstered seat imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest metal frame upholstered seat supplier to Turkey, accounting for a 50% share of total imports. Moreover, metal frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Spain (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.4% per year) and Spain (-1.8% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Turkey, comprising 50% of total imports. The second position in the ranking was taken by Italy ($X), with a 24% share of total imports. It was followed by Spain, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.4% per year) and Spain (-0.8% per year).

Import Prices by Country

In 2021, the average metal frame upholstered seat import price amounted to $X per unit, with an increase of 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 13%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Italy ($X per unit) and China ($X per unit), while the price for Germany ($X per unit) and Indonesia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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