Angola: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Angola

In 2022, after two years of growth, there was significant decline in the Angolan metal domestic furniture market, when its value decreased by X% to $X. Over the period under review, consumption, however, continues to indicate a abrupt decline. Metal domestic furniture consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Metal Domestic Furniture Production in Angola

In value terms, metal domestic furniture production rose notably to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Metal domestic furniture production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Metal Domestic Furniture Exports

Exports from Angola

In 2022, overseas shipments of metal furniture decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports, however, saw a tangible expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal domestic furniture exports plummeted to $X in 2022. Over the period under review, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for metal domestic furniture exports from Angola, accounting for a X% share of total exports. Moreover, metal domestic furniture exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Portugal (X tons), fivefold. Sao Tome and Principe (X tons) ranked third in terms of total exports with a X% share.

From 2015 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Sao Tome and Principe (X% per year).

In value terms, the largest markets for metal domestic furniture exported from Angola were Democratic Republic of the Congo ($X), Portugal ($X) and Zambia ($X), together comprising X% of total exports. Brazil, Spain, the United States, Sao Tome and Principe and Nigeria lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal domestic furniture export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price faced a sharp descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sao Tome and Principe ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced a decline.

Metal Domestic Furniture Imports

Imports into Angola

In 2022, approx. X tons of metal furniture were imported into Angola; rising by X% against the previous year. In general, imports, however, faced a abrupt contraction. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal domestic furniture imports soared to $X in 2022. Over the period under review, imports, however, saw a deep downturn. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal domestic furniture to Angola, accounting for a X% share of total imports. Moreover, metal domestic furniture imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fivefold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Spain (X% per year).

In value terms, China ($X), Portugal ($X) and Spain ($X) were the largest metal domestic furniture suppliers to Angola, together comprising X% of total imports. The United Arab Emirates, Turkey, Brazil, Hong Kong SAR and Namibia lagged somewhat behind, together accounting for a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal domestic furniture import price amounted to $X per ton, jumping by X% against the previous year. Overall, import price indicated a resilient expansion 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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