Uganda: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Uganda

The Ugandan wooden frame upholstered seat market shrank sharply to $X in 2022, reducing by -27.6% 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, saw a strong increase. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from Uganda

In 2022, wooden frame upholstered seat exports from Uganda skyrocketed to X units, increasing by 17% against 2021. Over the period under review, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 345% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden frame upholstered seat exports dropped to $X in 2022. In general, exports showed temperate growth. The pace of growth was the most pronounced in 2020 with an increase of 321%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Kenya (X units), Sudan (X units) and Germany (X units) were the main destinations of wooden frame upholstered seat exports from Uganda, with a combined 76% share of total exports. Austria, Rwanda, South Sudan, Democratic Republic of the Congo and Switzerland lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +81.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sudan ($X) remains the key foreign market for upholstered seats with wooden frames exports from Uganda, comprising 52% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by South Sudan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sudan amounted to +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.8% per year) and South Sudan (+10.6% per year).

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, dropping by -14.9% against the previous year. Over the period under review, the export price showed a mild slump. The growth pace was the most rapid in 2019 when the average export price increased by 149% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Sudan ($X per unit), while the average price for exports to Kenya ($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 Democratic Republic of the Congo (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Uganda

In 2022, the amount of upholstered seats with wooden frames imported into Uganda dropped rapidly to X units, with a decrease of -24.8% against the year before. Over the period under review, imports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2016 when imports increased by 91% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat imports dropped rapidly to $X in 2022. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2021 when imports increased by 135%. As a result, imports attained the peak of $X, and then dropped markedly in the following year.

Imports by Country

China (X units), Turkey (X units) and Italy (X units) were the main suppliers of wooden frame upholstered seat imports to Uganda, together comprising 55% of total imports. Malaysia, the United Arab Emirates, Thailand, Vietnam, South Korea and South Africa lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +69.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat suppliers to Uganda were China ($X), Turkey ($X) and Italy ($X), together accounting for 60% of total imports.

Turkey, with a CAGR of +37.3%, recorded 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

The average wooden frame upholstered seat import price stood at $X per unit in 2022, waning by -5.2% against the previous year. Over the period under review, the import price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 102% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform