ECOWAS: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in ECOWAS

The ECOWAS wooden frame upholstered seat market expanded notably to $X in 2022, growing by X% against the previous year. The total consumption indicated a mild 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. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Upholstered Seats With Wooden Frames in ECOWAS

In value terms, wooden frame upholstered seat production surged to $X in 2022 estimated in export price. Over the period under review, production posted a modest increase. The pace of growth appeared the most rapid in 2017 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 failed to regain momentum.

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Exports of Upholstered Seats With Wooden Frames

Exports in ECOWAS

Wooden frame upholstered seat exports shrank dramatically to X units in 2022, falling by X% against the year before. Overall, exports saw a mild decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame upholstered seat exports shrank dramatically to $X in 2022. In general, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Sierra Leone (X units) was the key exporter of upholstered seats with wooden frames, creating X% of total exports. Nigeria (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Cote d'Ivoire (X%) and Ghana (X%). The following exporters - Togo (X units), Gambia (X units) and Mali (X units) - each finished at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wooden frame upholstered seat exports from Sierra Leone stood at X%. At the same time, Gambia (X%), Mali (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%), Togo (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sierra Leone, Cote d'Ivoire, Gambia and Mali increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sierra Leone ($X), Nigeria ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Ghana, Togo, Gambia and Mali lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Mali, with a CAGR of X%, saw 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 2022, the export price in ECOWAS amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, showed a pronounced slump. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, 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 Togo ($X per unit), while Ghana ($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 Wooden Frames

Imports in ECOWAS

In 2022, overseas purchases of upholstered seats with wooden frames decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, wooden frame upholstered seat imports declined dramatically to $X in 2022. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

Ghana was the main importer of upholstered seats with wooden frames in ECOWAS, with the volume of imports reaching X units, which was near X% of total imports in 2022. Cote d'Ivoire (X units) ranks second in terms of the total imports with a X% share, followed by Guinea (X%), Senegal (X%) and Cabo Verde (X%). Mali (X units), Benin (X units), Liberia (X units), Burkina Faso (X units), Sierra Leone (X units) and Gambia (X units) followed a long way behind the leaders.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Sierra Leone (X%), Guinea (X%), Gambia (X%), Mali (X%), Liberia (X%), Burkina Faso (X%), Cote d'Ivoire (X%), Cabo Verde (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Benin (X%) illustrated a downward trend over the same period. While the share of Guinea (X p.p.), Ghana (X p.p.) and Sierra Leone (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cabo Verde (X p.p.), Senegal (X p.p.) and Benin (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Ghana, wooden frame upholstered seat imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the 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 Gambia ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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