Western Africa: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in Western Africa

The West African wooden frame non-upholstered seat market reached $X in 2022, surging by 5.3% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Non-Upholstered Seats With Wooden Frames in Western Africa

In value terms, wooden frame non-upholstered seat production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Non-Upholstered Seats With Wooden Frames

Exports in Western Africa

In 2022, approx. X units of non-upholstered seats with wooden frames were exported in Western Africa; falling by -23% on the year before. In general, exports saw a slight decrease. The most prominent rate of growth was recorded in 2019 with an increase of 202%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden frame non-upholstered seat exports contracted markedly to $X in 2022. Overall, exports, however, enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 143%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Senegal represented the largest exporting country with an export of about X units, which reached 61% of total exports. Ghana (X units) held the second position in the ranking, distantly followed by Nigeria (X units). All these countries together held near 25% share of total exports. The following exporters - Cabo Verde (X units), Burkina Faso (X units), Mali (X units) and Sierra Leone (X units) - together made up 10% of total exports.

From 2012 to 2022, average annual rates of growth with regard to wooden frame non-upholstered seat exports from Senegal stood at +3.4%. At the same time, Cabo Verde (+53.4%), Nigeria (+18.7%) and Ghana (+1.4%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +53.4% from 2012-2022. Mali experienced a relatively flat trend pattern. By contrast, Burkina Faso (-6.9%) and Sierra Leone (-23.7%) illustrated a downward trend over the same period. Senegal (+23 p.p.), Ghana (+4.7 p.p.), Cabo Verde (+4.3 p.p.) and Nigeria (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while Burkina Faso and Sierra Leone saw its share reduced by -2.1% and -18.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest wooden frame non-upholstered seat supplier in Western Africa, comprising 73% of total exports. The second position in the ranking was held by Ghana ($X), with an 11% share of total exports. It was followed by Cabo Verde, with a 3.5% share.

In Senegal, wooden frame non-upholstered seat exports expanded at an average annual rate of +7.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+0.0% per year) and Cabo Verde (+59.0% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, falling by -9.2% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame non-upholstered seat export price increased by +50.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 66%. As a result, the export price attained the peak level of $X per unit, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+8.4%), while the other leaders experienced more modest paces of growth.

Imports of Non-Upholstered Seats With Wooden Frames

Imports in Western Africa

In 2022, imports of non-upholstered seats with wooden frames in Western Africa rose remarkably to X units, with an increase of 5.4% compared with the previous year's figure. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 122%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, wooden frame non-upholstered seat imports declined notably to $X in 2022. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 102%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

Ghana represented the major importing country with an import of around X units, which amounted to 52% of total imports. Senegal (X units) ranks second in terms of the total imports with a 21% share, followed by Gambia (9%) and Cote d'Ivoire (4.6%). Mali (X units), Guinea (X units) and Sierra Leone (X units) held a minor share of total imports.

Imports into Ghana increased at an average annual rate of +18.3% from 2012 to 2022. At the same time, Gambia (+22.8%), Senegal (+20.9%), Sierra Leone (+19.8%), Cote d'Ivoire (+6.7%), Guinea (+6.7%) and Mali (+3.7%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +22.8% from 2012-2022. While the share of Ghana (+14 p.p.), Senegal (+8.4 p.p.) and Gambia (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Guinea (-3 p.p.), Cote d'Ivoire (-4.9 p.p.) and Mali (-4.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported non-upholstered seats with wooden frames in Western Africa, comprising 60% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with an 8% share of total imports. It was followed by Senegal, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value in Ghana stood at +22.5%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+14.8% per year) and Senegal (+11.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, declining by -21.5% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 an increase of 25% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guinea ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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