Western Africa: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Western Africa

The West African wooden frame upholstered seat market amounted to $X in 2022, picking up by 5.5% against the previous year. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.9% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Upholstered Seats With Wooden Frames in Western Africa

In value terms, wooden frame upholstered seat production expanded significantly to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.7% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports in Western Africa

In 2022, approx. X units of upholstered seats with wooden frames were exported in Western Africa; declining by -4.8% against the previous year. In general, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 83%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports fell to $X in 2022. Overall, exports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2017 with an increase of 94%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Nigeria (X units) and Cabo Verde (X units) represented the largest exporters of upholstered seats with wooden frames in Western Africa, together accounting for near 54% of total exports. Senegal (X units) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Sierra Leone (13%), Mauritania (5.6%) and Ghana (4.6%). Cote d'Ivoire (X units) took a little share 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 Cabo Verde (with a CAGR of +35.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat supplying countries in Western Africa were Nigeria ($X), Cabo Verde ($X) and Senegal ($X), with a combined 65% share of total exports.

In terms of the main exporting countries, Cabo Verde, with a CAGR of +26.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2014 when the export price increased by 15% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 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 Cote d'Ivoire ($X per unit), while Ghana ($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 (+1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Upholstered Seats With Wooden Frames

Imports in Western Africa

In 2022, after six years of growth, there was significant decline in overseas purchases of upholstered seats with wooden frames, when their volume decreased by -21.3% to X units. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 74%. As a result, imports reached the peak of X units, and then contracted markedly in the following year.

In value terms, wooden frame upholstered seat imports declined notably to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

Ghana (X units) and Cote d'Ivoire (X units) were the key importers of upholstered seats with wooden frames in 2022, amounting to approx. 32% and 30% of total imports, respectively. Senegal (X units) ranks next in terms of the total imports with a 6.7% share, followed by Guinea (5.6%), Mali (5.2%) and Cabo Verde (5%). Gambia (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Gambia (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat importing markets in Western Africa were Ghana ($X), Cote d'Ivoire ($X) and Senegal ($X), together accounting for 65% of total imports. Gambia, Guinea, Cabo Verde and Mali lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Gambia, with a CAGR of +25.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, with an increase of 3.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 8.6%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the 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 Gambia ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gambia (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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