Africa: Metal Furniture Lock Market 2025

Metal Furniture Lock Market Size in Africa

In 2022, the African metal furniture lock market decreased by X% to $X, falling for the second year in a row after four years of growth. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Metal Furniture Lock Production in Africa

In value terms, metal furniture lock production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a deep slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Metal Furniture Lock Exports

Exports in Africa

In 2022, exports of base metal furniture locks in Africa fell significantly to X tons, which is down by X% against the previous year's figure. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal furniture lock exports amounted to $X in 2022. Overall, exports continue to indicate a abrupt descent. 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 hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X tons) represented the key exporter of base metal furniture locks, constituting X% of total exports. It was distantly followed by Tunisia (X tons) and Morocco (X tons), together constituting a X% share of total exports. Rwanda (X tons), Ghana (X tons) and Sierra Leone (X tons) took a relatively small share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Rwanda (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%), Morocco (X%) and Tunisia (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Rwanda (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total exports, while Morocco and Tunisia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest metal furniture lock supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price 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, metal furniture lock export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Sierra Leone ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

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

Metal Furniture Lock Imports

Imports in Africa

In 2022, purchases abroad of base metal furniture locks decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, metal furniture lock imports dropped modestly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria (X tons), Togo (X tons), Mozambique (X tons), Algeria (X tons), Rwanda (X tons), Djibouti (X tons), Burkina Faso (X tons), Ethiopia (X tons), Cote d'Ivoire (X tons), Ghana (X tons), Kenya (X tons) and Senegal (X tons) represented roughly X% of total imports in 2022. Zimbabwe (X tons) held a minor share of total imports.

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

In value terms, Djibouti ($X), Algeria ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Senegal, Kenya, Cote d'Ivoire, Nigeria, Ethiopia, Rwanda, Mozambique, Togo, Zimbabwe and Burkina Faso lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Cote d'Ivoire, with a CAGR of X%, saw 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

In 2022, the import price in Africa amounted to $X per ton, rising by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Senegal ($X per ton), while Burkina Faso ($X per ton) 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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