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 reached $X in 2023, increasing by X% against the previous year. Over the period under review, consumption continues to indicate notable growth. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Upholstered Seats With Metal Frames in ECOWAS

In value terms, metal frame upholstered seat production totaled $X in 2023 estimated in export price. In general, production recorded a noticeable expansion. The growth pace was the most rapid in 2018 when the production volume increased by X%. 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 ECOWAS

Metal frame upholstered seat exports skyrocketed to X units in 2023, growing by X% compared with 2022 figures. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

In value terms, metal frame upholstered seat exports skyrocketed to $X in 2023. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

Ghana was the major exporting country with an export of around X units, which amounted to X% of total exports. Cote d'Ivoire (X units) ranks second in terms of the total exports with a X% share, followed by Niger (X%), Nigeria (X%) and Guinea (X%). Senegal (X units) took a minor 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. While the share of Ghana (X p.p.), Nigeria (X p.p.), Guinea (X p.p.) and Niger (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Cote d'Ivoire (X p.p.) and Senegal (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Nigeria, with a CAGR of X%, recorded the highest growth rate of 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 2023, the export price in ECOWAS amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2021; however, from 2022 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 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 ECOWAS

Metal frame upholstered seat imports surged to X units in 2023, jumping by X% on 2022. In general, imports saw measured growth. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the maximum 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 rose remarkably to $X in 2023. Overall, imports posted a temperate increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Senegal represented the largest importer of upholstered seats with metal frames in ECOWAS, with the volume of imports accounting for X units, which was near X% of total imports in 2023. It was distantly followed by Cote d'Ivoire (X units), Guinea (X units) and Liberia (X units), together comprising a X% share of total imports. Ghana (X units), Nigeria (X units) and Benin (X units) followed a long way behind the leaders.

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%), Liberia (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in ECOWAS, 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.) and Liberia (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, the largest metal frame upholstered seat importing markets in ECOWAS were Senegal ($X), Cote d'Ivoire ($X) and Guinea ($X), together comprising X% of total imports. Liberia, 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 growth rate of 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 ECOWAS stood at $X per unit in 2023, waning by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. 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 most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

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