MENA: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in MENA

The MENA's metal frame upholstered seat market rose rapidly to $X in 2023, growing by X% against the previous year. In general, consumption posted resilient growth. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Production of Upholstered Seats With Metal Frames in MENA

In value terms, metal frame upholstered seat production expanded significantly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Exports of Upholstered Seats With Metal Frames

Exports in MENA

In 2023, overseas shipments of upholstered seats with metal frames decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2022, and then dropped in the following year.

In value terms, metal frame upholstered seat exports stood at $X in 2023. Over the period under review, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

Turkey dominates exports structure, reaching X units, which was approx. X% of total exports in 2023. The following exporters - the United Arab Emirates (X units) and Palestine (X units) - each recorded a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to metal frame upholstered seat exports from Turkey stood at X%. At the same time, Palestine (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest metal frame upholstered seat supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, metal frame upholstered seat exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Palestine (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Upholstered Seats With Metal Frames

Imports in MENA

For the third year in a row, MENA recorded growth in overseas purchases of upholstered seats with metal frames, which increased by X% to X units in 2023. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, metal frame upholstered seat imports shrank modestly to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the main importing country with an import of around X units, which accounted for X% of total imports. It was distantly followed by Morocco (X units), Kuwait (X units), Iraq (X units), Turkey (X units) and Oman (X units), together achieving a X% share of total imports. Israel (X units), Algeria (X units), Qatar (X units), Lebanon (X units), Jordan (X units), Libya (X units) and Bahrain (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Qatar (X%), Oman (X%), Morocco (X%), Iraq (X%), Kuwait (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Libya (X%), Lebanon (X%), Algeria (X%), Jordan (X%), Israel (X%) and Turkey (X%) illustrated a downward trend over the same period. Morocco (X p.p.), the United Arab Emirates (X p.p.), Kuwait (X p.p.), Iraq (X p.p.), Oman (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while Algeria, Israel and Turkey saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported upholstered seats with metal frames in MENA, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2021; however, from 2022 to 2023, 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 Israel ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform