ECOWAS: Market for Non-Upholstered Seats With Wooden Frames 2024

Market Size for Non-Upholstered Seats With Wooden Frames in ECOWAS

The ECOWAS wooden frame non-upholstered seat market expanded slightly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Upholstered Seats With Wooden Frames in ECOWAS

In value terms, wooden frame non-upholstered seat production expanded modestly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Non-Upholstered Seats With Wooden Frames

Exports in ECOWAS

In 2022, approx. X units of non-upholstered seats with wooden frames were exported in ECOWAS; declining by X% against 2021 figures. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. 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 non-upholstered seat exports plummeted to $X in 2022. Over the period under review, exports, however, saw noticeable growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

Senegal (X units) and Ghana (X units) dominates exports structure, together constituting X% of total exports. It was distantly followed by Burkina Faso (X units), mixing up a X% share of total exports. Cabo Verde (X units), Nigeria (X units), Sierra Leone (X units) and Gambia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cabo Verde (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) remains the largest wooden frame non-upholstered seat supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Cabo Verde, with an X% share.

In Senegal, wooden frame non-upholstered seat exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Cabo Verde (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, falling by X% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame non-upholstered seat export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted in the following year.

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 Cabo Verde ($X per unit), while Gambia ($X per unit) was amongst the lowest.

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

Imports of Non-Upholstered Seats With Wooden Frames

Imports in ECOWAS

In 2022, after three years of growth, there was decline in supplies from abroad of non-upholstered seats with wooden frames, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by X%. The volume of import peaked at X units in 2021, and then shrank in the following year.

In value terms, wooden frame non-upholstered seat imports contracted to $X in 2022. Overall, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Ghana prevails in imports structure, finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Gambia (X units), Guinea (X units) and Cote d'Ivoire (X units), together committing a X% share of total imports. The following importers - Senegal (X units), Sierra Leone (X units), Mali (X units), Guinea-Bissau (X units), Burkina Faso (X units) and Liberia (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to wooden frame non-upholstered seat imports into Ghana stood at X%. At the same time, Burkina Faso (X%), Gambia (X%), Guinea-Bissau (X%), Sierra Leone (X%), Guinea (X%), Cote d'Ivoire (X%), Liberia (X%), Mali (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana (X p.p.), Gambia (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total imports, while Liberia, Cote d'Ivoire, Mali and Senegal saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported non-upholstered seats with wooden frames in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Guinea ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Guinea (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, dropping by X% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame non-upholstered seat import price increased by X% against 2019 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

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 Burkina Faso ($X per unit), while Guinea-Bissau ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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