Africa: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Africa

The African wooden furniture treatments market shrank to $X in 2022, declining by -2.3% against the previous year. Over the period under review, consumption recorded a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of 5.9%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in Africa

In value terms, wooden furniture treatments production shrank slightly to $X in 2022 estimated in export price. Overall, production saw a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of 5.3% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wooden Furniture Treatments Exports

Exports in Africa

After three years of decline, overseas shipments of polishes and creams for wooden furniture and floors increased by 1% to X tons in 2022. Over the period under review, exports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wooden furniture treatments exports reached $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 45% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa was the largest exporter of polishes and creams for wooden furniture and floors in Africa, with the volume of exports amounting to X tons, which was approx. 80% of total exports in 2022. It was distantly followed by Mauritius (X tons), achieving a 15% share of total exports. Egypt (X tons) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of -4.4% from 2012 to 2022. At the same time, Mauritius (+44.0%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of +44.0% from 2012-2022. Egypt experienced a relatively flat trend pattern. While the share of Mauritius (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-16.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest wooden furniture treatments supplier in Africa, comprising 83% of total exports. The second position in the ranking was taken by Mauritius ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled -2.2%. In the other countries, the average annual rates were as follows: Mauritius (+43.5% per year) and Egypt (+9.4% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, rising by 2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2017 an increase of 32%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+10.4%), while the other leaders experienced mixed trends in the export price figures.

Wooden Furniture Treatments Imports

Imports in Africa

Wooden furniture treatments imports reduced slightly to X tons in 2022, declining by -2.9% compared with 2021 figures. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 23% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports dropped to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Zambia represented the main importer of polishes and creams for wooden furniture and floors in Africa, with the volume of imports resulting at X tons, which was approx. 31% of total imports in 2022. Madagascar (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Zimbabwe (7.9%) and Libya (5.4%). The following importers - Algeria (X tons), Botswana (X tons), Liberia (X tons), Lesotho (X tons), Morocco (X tons), Nigeria (X tons), Mozambique (X tons), South Africa (X tons) and Kenya (X tons) - together made up 24% of total imports.

Zambia experienced a relatively flat trend pattern with regard to volume of imports of polishes and creams for wooden furniture and floors. At the same time, Liberia (+55.1%), Madagascar (+8.3%), Morocco (+6.2%), Nigeria (+1.8%) and Lesotho (+1.7%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in Africa, with a CAGR of +55.1% from 2012-2022. Kenya experienced a relatively flat trend pattern. By contrast, Algeria (-1.7%), Libya (-1.8%), South Africa (-1.8%), Mozambique (-2.6%), Zimbabwe (-3.8%) and Botswana (-10.8%) illustrated a downward trend over the same period. While the share of Madagascar (+7 p.p.), Liberia (+3.2 p.p.) and Zambia (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Zimbabwe (-3 p.p.) and Botswana (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Zambia ($X) constitutes the largest market for imported polishes and creams for wooden furniture and floors in Africa, comprising 33% of total imports. The second position in the ranking was taken by Madagascar ($X), with an 11% share of total imports. It was followed by Zimbabwe, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Zambia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Madagascar (+8.6% per year) and Zimbabwe (-3.2% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, declining by -2.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Botswana ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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