ECOWAS: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in ECOWAS

The ECOWAS metal frame upholstered seat market was estimated at $X in 2022, with an increase of X% against the previous year. The total consumption indicated resilient growth 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. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Upholstered Seats With Metal Frames in ECOWAS

In value terms, metal frame upholstered seat production amounted 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 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 most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Upholstered Seats With Metal Frames

Exports in ECOWAS

In 2022, shipments abroad of upholstered seats with metal frames decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed moderate growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, metal frame upholstered seat exports fell sharply to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Nigeria represented the largest exporter of upholstered seats with metal frames in ECOWAS, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. Liberia (X units) ranks second in terms of the total exports with a X% share, followed by Togo (X%) and Niger (X%). Senegal (X units) followed a long way behind the leaders.

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

In value terms, Nigeria ($X) remains the largest metal frame upholstered seat supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with a X% share of total exports. It was followed by Liberia, with an X% share.

In Nigeria, metal frame upholstered seat exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (X% per year) and Liberia (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Imports of Upholstered Seats With Metal Frames

Imports in ECOWAS

In 2022, approx. X units of upholstered seats with metal frames were imported in ECOWAS; shrinking by X% compared with 2021. Over the period under review, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, metal frame upholstered seat imports rose slightly to $X in 2022. Overall, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Ghana represented the largest importing country with an import of around X units, which reached X% of total imports. Guinea (X units) ranks second in terms of the total imports with a X% share, followed by Senegal (X%) and Cote d'Ivoire (X%). Liberia (X units) and Benin (X units) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the upholstered seats with metal frames imports, with a CAGR of X% from 2012 to 2022. At the same time, Guinea (X%), Benin (X%), Liberia (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Senegal experienced a relatively flat trend pattern. While the share of Ghana (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (X p.p.) and Senegal (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Ghana, metal frame upholstered seat imports increased at an average annual rate of X% over the period from 2012-2022. 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

The import price in ECOWAS stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price showed a measured increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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