Africa: Plastic Furniture Market 2024

Plastic Furniture Market Size in Africa

The African plastic furniture market expanded markedly to $X in 2021, increasing by 9.9% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plastic Furniture Production in Africa

In value terms, plastic furniture production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 9.9%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Plastic Furniture Exports

Exports in Africa

In 2021, plastic furniture exports in Africa skyrocketed to X units, jumping by 16% on the year before. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 38%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic furniture exports rose modestly to $X in 2021. Over the period under review, exports, however, showed a slight decrease. The growth pace was the most rapid in 2015 with an increase of 30%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, South Africa (X units) was the main exporter of furniture of plastic, mixing up 39% of total exports. Kenya (X units) took a 23% share (based on physical terms) of total exports, which put it in second place, followed by Rwanda (13%), Tunisia (9.9%) and Uganda (7.4%). The following exporters - Egypt (X units) and Ghana (X units) - each recorded a 3.8% share of total exports.

From 2012 to 2021, the biggest increases were in Rwanda (with a CAGR of +146.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Kenya ($X) and Tunisia ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 70% of total exports. Rwanda, Uganda, Egypt and Ghana lagged somewhat behind, together comprising a further 25%.

Among the main exporting countries, Rwanda, with a CAGR of +146.8%, 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 2021, the export price in Africa amounted to $X per unit, declining by -9.7% against the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the export price increased by 11% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Egypt ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+10.5%), while the other leaders experienced mixed trends in the export price figures.

Plastic Furniture Imports

Imports in Africa

In 2021, the amount of furniture of plastic imported in Africa soared to X units, increasing by 53% on the previous year. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic furniture imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Nigeria (X units), distantly followed by South Africa (X units), Libya (X units), Democratic Republic of the Congo (X units) and Tanzania (X units) were the major importers of furniture of plastic, together generating 54% of total imports. The following importers - Morocco (X units), Ghana (X units), Cote d'Ivoire (X units), Namibia (X units), Cameroon (X units), Mozambique (X units), Somalia (X units) and Botswana (X units) - together made up 23% of total imports.

Imports into Nigeria increased at an average annual rate of +5.9% from 2012 to 2021. At the same time, Somalia (+41.7%), Democratic Republic of the Congo (+30.2%), Cameroon (+26.7%), Cote d'Ivoire (+21.7%), Morocco (+7.6%), Ghana (+7.2%), Libya (+7.1%), Tanzania (+6.9%), Botswana (+2.1%) and Namibia (+1.7%) displayed positive paces of growth. Moreover, Somalia emerged as the fastest-growing importer imported in Africa, with a CAGR of +41.7% from 2012-2021. Mozambique experienced a relatively flat trend pattern. By contrast, South Africa (-2.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Democratic Republic of the Congo, Nigeria, Cote d'Ivoire, Cameroon, Somalia and Libya increased by +5.7, +3.9, +2.3, +2.1, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic furniture importing markets in Africa were Nigeria ($X), South Africa ($X) and Libya ($X), together comprising 35% of total imports. These countries were followed by Ghana, Morocco, Democratic Republic of the Congo, Cote d'Ivoire, Tanzania, Mozambique, Somalia, Cameroon, Botswana and Namibia, which together accounted for a further 36%.

In terms of the main importing countries, Somalia, with a CAGR of +50.4%, 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

The import price in Africa stood at $X per unit in 2021, shrinking by -7.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 8%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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