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 expanded modestly to $X in 2023, picking up by X% against the previous year. Overall, consumption saw temperate growth. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Upholstered Seats With Metal Frames in Western Africa

In value terms, metal frame upholstered seat production expanded to $X in 2023 estimated in export price. In general, production showed moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Exports of Upholstered Seats With Metal Frames

Exports in Western Africa

In 2023, the amount of upholstered seats with metal frames exported in Western Africa surged to X units, increasing by X% compared with the year before. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, metal frame upholstered seat exports surged to $X in 2023. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

Ghana represented the key exporting country with an export of about X units, which finished at X% of total exports. Cote d'Ivoire (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Niger (X%), Nigeria (X%) and Guinea (X%). Senegal (X units) held a relatively small share of total exports.

Ghana was also the fastest-growing in terms of the upholstered seats with metal frames exports, with a CAGR of X% from 2012 to 2023. At the same time, Guinea (X%), Nigeria (X%), Niger (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Senegal (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Nigeria (X p.p.), Guinea (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire and Senegal saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest metal frame upholstered seat supplying countries in Western Africa were Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined X% share of total exports.

Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 2023, dropping by X% against the previous year. Over the period under review, the export price, however, posted a buoyant increase. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

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

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

Imports of Upholstered Seats With Metal Frames

Imports in Western Africa

Metal frame upholstered seat imports skyrocketed to X units in 2023, jumping by X% on 2022 figures. In general, imports continue to indicate a notable expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, metal frame upholstered seat imports totaled $X in 2023. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Senegal (X units) was the largest importer of upholstered seats with metal frames, generating X% of total imports. Cote d'Ivoire (X units) held the second position in the ranking, followed by Guinea (X units). All these countries together held approx. X% share of total imports. Liberia (X units), Ghana (X units), Mauritania (X units), Nigeria (X units) and Benin (X units) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to metal frame upholstered seat imports into Senegal stood at X%. At the same time, Nigeria (X%), Benin (X%), Mauritania (X%), Liberia (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) and Guinea (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Cote d'Ivoire (X p.p.), Nigeria (X p.p.), Liberia (X p.p.) and Mauritania (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Ghana (X p.p.) and Guinea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X), Cote d'Ivoire ($X) and Guinea ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Liberia, Mauritania, Ghana, Nigeria and Benin lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Nigeria, 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 import price in Western Africa stood at $X per unit in 2023, shrinking by X% against the previous year. Import price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal frame upholstered seat import price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Benin ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform