Africa: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Africa

The African wooden bedroom furniture market amounted to $X in 2022, with an increase of 2.2% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 -2.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wooden Bedroom Furniture Production in Africa

In value terms, wooden bedroom furniture production stood at $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 -2.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 17%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports in Africa

In 2022, shipments abroad of wooden furniture of a kind used in the bedroom increased by 0.5% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 38%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden bedroom furniture exports contracted to $X in 2022. In general, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, recording X units, which was approx. 79% of total exports in 2022. It was distantly followed by Morocco (X units), mixing up a 9.3% share of total exports. Egypt (X units) and Zimbabwe (X units) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +3.2% from 2012 to 2022. At the same time, Morocco (+19.5%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of +19.5% from 2012-2022. By contrast, Egypt (-1.0%) and Zimbabwe (-10.1%) illustrated a downward trend over the same period. South Africa (+17 p.p.) and Morocco (+7.6 p.p.) significantly strengthened its position in terms of the total exports, while Zimbabwe saw its share reduced by -3.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest wooden bedroom furniture supplier in Africa, comprising 73% of total exports. The second position in the ranking was taken by Morocco ($X), with a 12% share of total exports. It was followed by Egypt, with a 4.5% share.

In South Africa, wooden bedroom furniture exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (+20.2% per year) and Egypt (-1.6% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, dropping by -4.6% against the previous year. Over the period under review, the export price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of 37%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Zimbabwe ($X per unit) and Morocco ($X per unit), while South Africa ($X per unit) and Egypt ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Wooden Bedroom Furniture Imports

Imports in Africa

Wooden bedroom furniture imports shrank dramatically to X units in 2022, which is down by -20.2% compared with the previous year's figure. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wooden bedroom furniture imports declined to $X in 2022. In general, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 31%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Libya (X units), distantly followed by South Africa (X units) and Morocco (X units) represented the major importers of wooden furniture of a kind used in the bedroom, together making up 55% of total imports. The following importers - Angola (X units), Somalia (X units), Ghana (X units), Botswana (X units), Kenya (X units), Algeria (X units), Senegal (X units), Djibouti (X units) and Cote d'Ivoire (X units) - together made up 26% of total imports.

From 2012 to 2022, the biggest increases were recorded for Somalia (with a CAGR of +22.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Libya ($X) constitutes the largest market for imported wooden furniture of a kind used in the bedroom in Africa, comprising 31% of total imports. The second position in the ranking was taken by Morocco ($X), with a 10% share of total imports. It was followed by South Africa, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Libya amounted to -6.2%. In the other countries, the average annual rates were as follows: Morocco (-0.7% per year) and South Africa (-5.2% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, picking up by 11% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 25% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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