Africa: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Africa

In 2021, the African wooden office furniture market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Wooden Office Furniture Production in Africa

In value terms, wooden office furniture production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 43% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Wooden Office Furniture Exports

Exports in Africa

Wooden office furniture exports soared to X units in 2021, increasing by 150% against 2020. Overall, exports recorded resilient growth. 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, wooden office furniture exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a pronounced decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt represented the main exporter of wooden furniture of a kind used in offices in Africa, with the volume of exports reaching X units, which was approx. 66% of total exports in 2021. South Africa (X units) held the second position in the ranking, distantly followed by Morocco (X units). All these countries together took approx. 30% share of total exports.

Egypt was also the fastest-growing in terms of the wooden furniture of a kind used in offices exports, with a CAGR of +22.0% from 2012 to 2021. At the same time, Morocco (+21.6%) displayed positive paces of growth. By contrast, South Africa (-5.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Egypt and Morocco increased by +49 and +4.2 percentage points, respectively.

In value terms, South Africa ($X) remains the largest wooden office furniture supplier in Africa, comprising 56% of total exports. The second position in the ranking was taken by Egypt ($X), with a 28% share of total exports.

In South Africa, wooden office furniture exports declined by an average annual rate of -4.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Egypt (+3.4% per year) and Morocco (+17.8% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, reducing by -29.7% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 an increase of 107% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+0.4%), while the other leaders experienced a decline in the export price figures.

Wooden Office Furniture Imports

Imports in Africa

Wooden office furniture imports skyrocketed to X units in 2021, jumping by 35% against the previous year's figure. Over the period under review, imports, however, recorded a slight downturn. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, wooden office furniture imports skyrocketed to $X in 2021. Overall, imports, however, showed a pronounced curtailment. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Africa (X units), distantly followed by Morocco (X units), Libya (X units), Cote d'Ivoire (X units) and Ghana (X units) represented the major importers of wooden furniture of a kind used in offices, together committing 50% of total imports. Senegal (X units), Egypt (X units), Mozambique (X units), Angola (X units), Botswana (X units), Kenya (X units), Ethiopia (X units) and Tanzania (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Senegal (with a CAGR of +19.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture importing markets in Africa were Morocco ($X), Libya ($X) and South Africa ($X), with a combined 27% share of total imports. These countries were followed by Cote d'Ivoire, Ghana, Tanzania, Senegal, Egypt, Angola, Ethiopia, Kenya, Mozambique and Botswana, which together accounted for a further 35%.

Among the main importing countries, Cote d'Ivoire, with a CAGR of +16.6%, recorded 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 unit in 2021, therefore, remained relatively stable against the previous year. Overall, the import price saw a mild decrease. The growth pace was the most rapid in 2014 an increase of 7.1%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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