ECOWAS: Swivel Seat Market 2024

Swivel Seat Market Size in ECOWAS

The ECOWAS swivel seat market was estimated at $X in 2022, approximately reflecting the previous year. The total consumption indicated a resilient increase 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 reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Swivel Seat Production in ECOWAS

In value terms, swivel seat production reduced to $X in 2022 estimated in export price. The total production indicated a remarkable increase 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 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Swivel Seat Exports

Exports in ECOWAS

After three years of growth, shipments abroad of swivel seats with variable height adjustments decreased by X% to X units in 2022. In general, exports faced a deep setback. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, swivel seat exports dropped notably to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana (X units) and Nigeria (X units) represented the main exporters of swivel seats with variable height adjustments in 2022, accounting for near X% and X% of total exports, respectively. Senegal (X units) took the next position in the ranking, distantly followed by Togo (X units) and Cote d'Ivoire (X units). All these countries together held near X% share of total exports. Guinea (X units) followed a long way behind the leaders.

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

In value terms, Senegal ($X), Nigeria ($X) and Ghana ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price posted a temperate increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Senegal ($X per unit), while Guinea ($X per unit) was amongst the lowest.

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

Swivel Seat Imports

Imports in ECOWAS

In 2022, the amount of swivel seats with variable height adjustments imported in ECOWAS surged to X units, growing by X% on the year before. In general, imports, however, saw a perceptible contraction. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, swivel seat imports stood at $X in 2022. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ghana represented the major importer of swivel seats with variable height adjustments in ECOWAS, with the volume of imports recording X units, which was near X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X units), Liberia (X units) and Senegal (X units), together achieving a X% share of total imports. Guinea (X units), Benin (X units), Gambia (X units), Nigeria (X units), Mali (X units), Niger (X units) and Cabo Verde (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to swivel seat imports into Ghana stood at X%. At the same time, Benin (X%), Cote d'Ivoire (X%), Liberia (X%), Mali (X%), Gambia (X%), Niger (X%), Cabo Verde (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Guinea (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Cote d'Ivoire, Liberia, Benin, Senegal, Gambia and Mali increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported swivel seats with variable height adjustments in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Ghana, swivel 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 Senegal (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :