Africa: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in Africa

In 2022, the African wooden frame upholstered seat market decreased by -1.1% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Upholstered Seats With Wooden Frames in Africa

In value terms, wooden frame upholstered seat production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 32%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports in Africa

In 2022, after two years of growth, there was decline in overseas shipments of upholstered seats with wooden frames, when their volume decreased by -0.6% to X units. Total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.2% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 48%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden frame upholstered seat exports shrank to $X in 2022. Over the period under review, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 with an increase of 28% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, accounting for X units, which was approx. 91% of total exports in 2022. Morocco (X units) held a little share of total exports.

South Africa was also the fastest-growing in terms of the upholstered seats with wooden frames exports, with a CAGR of +4.2% from 2012 to 2022. Morocco (-12.8%) illustrated a downward trend over the same period. South Africa (+20 p.p.) significantly strengthened its position in terms of the total exports, while Morocco saw its share reduced by -8.5% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest wooden frame upholstered seat supplier in Africa, comprising 89% of total exports. The second position in the ranking was taken by Morocco ($X), with a 4.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to -1.6%.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, shrinking by -8.9% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 41% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 unit), while South Africa stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+1.3%).

Imports of Upholstered Seats With Wooden Frames

Imports in Africa

In 2022, wooden frame upholstered seat imports in Africa fell dramatically to X units, shrinking by -17.4% on 2021 figures. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of X units, and then contracted markedly in the following year.

In value terms, wooden frame upholstered seat imports shrank significantly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

South Africa represented the major importer of upholstered seats with wooden frames in Africa, with the volume of imports reaching X units, which was approx. 35% of total imports in 2022. Morocco (X units) took a 7.9% share (based on physical terms) of total imports, which put it in second place, followed by Libya (6%) and Kenya (5.5%). Ghana (X units), Cote d'Ivoire (X units), Botswana (X units), Somalia (X units), Namibia (X units), Algeria (X units), Cameroon (X units), Angola (X units) and Egypt (X units) held a relatively small share of total imports.

Imports into South Africa increased at an average annual rate of +1.9% from 2012 to 2022. At the same time, Somalia (+35.1%), Cote d'Ivoire (+14.0%), Botswana (+13.8%), Cameroon (+10.2%), Kenya (+8.5%), Egypt (+8.0%), Morocco (+7.9%), Namibia (+7.3%) and Ghana (+6.7%) displayed positive paces of growth. Moreover, Somalia emerged as the fastest-growing importer imported in Africa, with a CAGR of +35.1% from 2012-2022. By contrast, Libya (-5.1%), Algeria (-6.0%) and Angola (-14.6%) illustrated a downward trend over the same period. While the share of Morocco (+3.5 p.p.), Somalia (+3.3 p.p.), Cote d'Ivoire (+2.8 p.p.), Kenya (+2.6 p.p.), Botswana (+2.6 p.p.), Ghana (+1.7 p.p.) and Cameroon (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Algeria (-3.4 p.p.), Libya (-6 p.p.) and Angola (-11.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wooden frame upholstered seat importing markets in Africa were South Africa ($X), Morocco ($X) and Libya ($X), with a combined 38% share of total imports. Ghana, Kenya, Cote d'Ivoire, Somalia, Angola, Cameroon, Namibia, Algeria, Egypt and Botswana lagged somewhat behind, together accounting for a further 37%.

Somalia, with a CAGR of +39.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 2022, falling by -3.8% against the previous year. Overall, the import price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2013 an increase of 10% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 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 Morocco ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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