MENA: Seat Market 2024

Seat Market Size in MENA

The MENA's seat market was estimated at $X in 2023, surging by X% against the previous year. Overall, consumption continues to indicate prominent growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Seat Production in MENA

In value terms, seat production expanded remarkably to $X in 2023 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Seat Exports

Exports in MENA

In 2023, after two years of growth, there was significant decline in shipments abroad of seats, when their volume decreased by X% to X units. Overall, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2022, and then reduced markedly in the following year.

In value terms, seat exports reduced to $X in 2023. Total exports indicated buoyant growth from 2012 to 2023: its value 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2023.

Exports by Country

Turkey prevails in exports structure, finishing at X units, which was near X% of total exports in 2023. It was distantly followed by Morocco (X units) and Israel (X units), together creating a X% share of total exports. The following exporters - Palestine (X units) and the United Arab Emirates (X units) - each resulted at a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to seat exports from Turkey stood at X%. At the same time, Morocco (X%), Palestine (X%) and Israel (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. While the share of Morocco (X p.p.) and Israel (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest seat supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Palestine ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, seat exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Palestine (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2023, 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 Palestine ($X per unit), while Morocco ($X per unit) was amongst the lowest.

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

Seat Imports

Imports in MENA

In 2023, approx. X units of seats were imported in MENA; with a decrease of X% on 2022 figures. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, seat imports rose sharply to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the main importing country with an import of around X units, which reached X% of total imports. Iraq (X units) ranks second in terms of the total imports with a X% share, followed by Turkey (X%), Israel (X%), Kuwait (X%) and Morocco (X%). Oman (X units), Algeria (X units), Libya (X units), Qatar (X units), Jordan (X units), Bahrain (X units) and Lebanon (X units) held a little share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Iraq (X%), Kuwait (X%), Oman (X%), Morocco (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Israel experienced a relatively flat trend pattern. By contrast, Algeria (X%), Qatar (X%), Jordan (X%), Turkey (X%), Libya (X%) and Lebanon (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Iraq (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Libya and Turkey saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported seats in MENA, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with an X% share of total imports. It was followed by Iraq, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iraq (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform