Africa: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Africa

The African metal domestic furniture market totaled $X in 2022, stabilizing at the previous year. The total consumption indicated a notable expansion 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 attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal Domestic Furniture Production in Africa

In value terms, metal domestic furniture production expanded markedly to $X in 2022 estimated in export price. The total production indicated a pronounced 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 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Metal Domestic Furniture Exports

Exports in Africa

In 2022, overseas shipments of metal furniture increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a perceptible descent. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal domestic furniture exports rose remarkably to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt was the largest exporting country with an export of around X tons, which reached X% of total exports. South Africa (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%) and Morocco (X%). Mauritius (X tons) followed a long way behind the leaders.

Egypt was also the fastest-growing in terms of the metal furniture exports, with a CAGR of X% from 2012 to 2022. At the same time, Mauritius (X%) and Tunisia (X%) displayed positive paces of growth. By contrast, Morocco (X%) and South Africa (X%) illustrated a downward trend over the same period. Egypt (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X), Morocco ($X) and South Africa ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Egypt, with a CAGR of X%, 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

The export price in Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Export price indicated a temperate increase 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 domestic furniture export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted markedly in the following year.

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 Morocco ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Metal Domestic Furniture Imports

Imports in Africa

Metal domestic furniture imports declined to X tons in 2022, waning by X% compared with the previous year. Over the period under review, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, metal domestic furniture imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons), followed by Ghana (X tons), Angola (X tons), Morocco (X tons) and Libya (X tons) represented the key importers of metal furniture, together creating X% of total imports. The following importers - Democratic Republic of the Congo (X tons), Congo (X tons), Algeria (X tons), Egypt (X tons), Cameroon (X tons), Cote d'Ivoire (X tons), Kenya (X tons) and Mauritius (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Congo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Morocco ($X) and South Africa ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Libya, Angola, Egypt, Algeria, Cameroon, Mauritius, Cote d'Ivoire, Congo, Democratic Republic of the Congo and Kenya lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Congo, with a CAGR of X%, saw the highest rates of growth with regard to 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 ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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