Western Africa: Swivel Seat Market 2024

Swivel Seat Market Size in Western Africa

The West African swivel seat market expanded notably to $X in 2022, growing by 6.2% against the previous year. Over the period under review, consumption posted a resilient expansion. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Swivel Seat Production in Western Africa

In value terms, swivel seat production rose notably to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 146%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Swivel Seat Exports

Exports in Western Africa

After two years of growth, overseas shipments of swivel seats with variable height adjustments decreased by -89.8% to X units in 2022. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 691%. As a result, the exports attained the peak of X units, and then fell dramatically in the following year.

In value terms, swivel seat exports fell remarkably to $X in 2022. Over the period under review, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 584% against the previous year. The level of export peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

In 2022, Nigeria (X units), distantly followed by Senegal (X units), Ghana (X units) and Cote d'Ivoire (X units) represented the key exporters of swivel seats with variable height adjustments, together mixing up 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Ghana (with a CAGR of +6.4%), while the other leaders experienced a decline in the exports figures.

In value terms, Senegal ($X) remains the largest swivel seat supplier in Western Africa, comprising 45% of total exports. The second position in the ranking was held by Nigeria ($X), with a 20% share of total exports. It was followed by Ghana, with a 16% share.

In Senegal, swivel seat exports declined by an average annual rate of -2.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (-15.7% per year) and Ghana (+15.3% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, rising by 88% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. The level of export peaked 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+8.3%), while the other leaders experienced more modest paces of growth.

Swivel Seat Imports

Imports in Western Africa

In 2022, approx. X units of swivel seats with variable height adjustments were imported in Western Africa; which is down by -17% against the year before. In general, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 93%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, swivel seat imports reduced to $X in 2022. Overall, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 51%. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Ghana (X units), distantly followed by Cote d'Ivoire (X units), Senegal (X units) and Liberia (X units) were the largest importers of swivel seats with variable height adjustments, together constituting 77% of total imports. Guinea (X units), Nigeria (X units), Mauritania (X units), Benin (X units) and Cabo Verde (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nigeria (with a CAGR of +17.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Senegal ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 69% share of total imports. Guinea, Benin, Mauritania, Nigeria, Liberia and Cabo Verde lagged somewhat behind, together comprising a further 21%.

Nigeria, with a CAGR of +56.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, with an increase of 2.7% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, swivel seat import price increased by +27.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 33%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cabo Verde ($X per unit), while Liberia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+32.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :