Egypt: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Egypt

The Egyptian wooden frame upholstered seat market contracted markedly to $X in 2023, reducing by X% 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). Over the period under review, consumption, however, recorded a strong increase. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports from Egypt

In 2023, overseas shipments of upholstered seats with wooden frames decreased by X% to X units, falling for the second consecutive year after four years of growth. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, wooden frame upholstered seat exports fell rapidly to $X in 2023. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units), the United States (X units) and Oman (X units) were the main destinations of wooden frame upholstered seat exports from Egypt, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame upholstered seat exported from Egypt were Saudi Arabia ($X), the United States ($X) and Oman ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the average wooden frame upholstered seat export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Upholstered Seats With Wooden Frames

Imports into Egypt

In 2023, the amount of upholstered seats with wooden frames imported into Egypt reduced markedly to X units, declining by X% against 2022. In general, imports, however, continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat imports contracted notably to $X in 2023. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), Romania (X units) and Poland (X units) were the main suppliers of wooden frame upholstered seat imports to Egypt, with a combined X% share of total imports. China, the United Arab Emirates, Portugal, Turkey and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame upholstered seat suppliers to Egypt were Italy ($X), Romania ($X) and Poland ($X), with a combined X% share of total imports. China, the United Arab Emirates, Portugal, Turkey and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, 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

The average wooden frame upholstered seat import price stood at $X per unit in 2023, therefore, remained relatively stable against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Turkey ($X per unit) and Romania ($X per unit), while the price for the United States ($X per unit) and Portugal ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform