Western Africa: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Western Africa

The West African metal frame upholstered seat market dropped to $X in 2021, which is down by -13.9% against the previous year. Overall, consumption, however, recorded a strong expansion. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Production of Upholstered Seats With Metal Frames in Western Africa

In value terms, metal frame upholstered seat production contracted dramatically to $X in 2021 estimated in export price. Overall, production, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 114% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell remarkably in the following year.

Exports of Upholstered Seats With Metal Frames

Exports in Western Africa

In 2021, the amount of upholstered seats with metal frames exported in Western Africa surged to X units, with an increase of 39% on 2020. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 765% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, metal frame upholstered seat exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 165%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

Cote d'Ivoire represented the major exporting country with an export of about X units, which reached 77% of total exports. Nigeria (X units) ranks second in terms of the total exports with a 16% share, followed by Cabo Verde (4.6%).

Cote d'Ivoire was also the fastest-growing in terms of the upholstered seats with metal frames exports, with a CAGR of +84.0% from 2012 to 2021. At the same time, Cabo Verde (+72.5%) and Nigeria (+47.4%) displayed positive paces of growth. Cote d'Ivoire (+63 p.p.) and Cabo Verde (+3 p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by -6.6% from 2012 to 2021, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest metal frame upholstered seat supplier in Western Africa, comprising 44% of total exports. The second position in the ranking was held by Cabo Verde ($X), with a 21% share of total exports.

In Cote d'Ivoire, metal frame upholstered seat exports increased at an average annual rate of +53.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cabo Verde (+49.9% per year) and Nigeria (+46.1% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, surging by 20% against the previous year. Overall, the export price, however, saw a deep contraction. The growth pace was the most rapid in 2019 when the export price increased by 382% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Cabo Verde ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-0.9%), while the other leaders experienced a decline in the export price figures.

Imports of Upholstered Seats With Metal Frames

Imports in Western Africa

In 2021, purchases abroad of upholstered seats with metal frames increased by 14% to X units, rising for the fifth consecutive year after four years of decline. In general, imports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by 59%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal frame upholstered seat imports soared to $X in 2021. Overall, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 87%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Ghana (X units) was the key importer of upholstered seats with metal frames, creating 42% of total imports. It was distantly followed by Cote d'Ivoire (X units), Senegal (X units), Togo (X units) and Guinea (X units), together committing a 51% share of total imports. Liberia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal frame upholstered seat imports into Ghana stood at -17.1%. At the same time, Senegal (+23.1%), Cote d'Ivoire (+22.7%) and Liberia (+17.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +23.1% from 2012-2021. By contrast, Guinea (-13.0%) and Togo (-18.9%) illustrated a downward trend over the same period. Cote d'Ivoire (+20 p.p.), Senegal (+15 p.p.) and Liberia (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Togo and Ghana saw its share reduced by -9.6% and -29.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported upholstered seats with metal frames in Western Africa, comprising 39% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 19% share of total imports. It was followed by Senegal, with a 17% share.

In Ghana, metal frame upholstered seat imports declined by an average annual rate of -8.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+28.5% per year) and Senegal (+23.3% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, surging by 2.8% against the previous year. Import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 119% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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