Angola: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Angola

The Angolan metal office furniture market surged to $X in 2022, with an increase of 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a deep contraction. Metal office furniture consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Metal Office Furniture Exports

Exports from Angola

In 2022, overseas shipments of metal office furniture were finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 108%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, metal office furniture exports surged to $X in 2022. In general, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by 198% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for metal office furniture exports from Angola, accounting for a 57% share of total exports. Moreover, metal office furniture exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Portugal (X kg), threefold. Sao Tome and Principe (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+45.7% per year) and Sao Tome and Principe (+60.6% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for metal office furniture exports from Angola, comprising 55% of total exports. The second position in the ranking was held by France ($X), with a 20% share of total exports. It was followed by Portugal, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-33.6% per year) and Portugal (+31.7% per year).

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, declining by -16.1% against the previous year. In general, the export price, however, continues to indicate a notable expansion. The growth pace was the most rapid in 2017 an increase of 76%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Office Furniture Imports

Imports into Angola

In 2022, the amount of metal office furniture imported into Angola surged to X tons, increasing by 67% against the previous year. Overall, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 134%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal office furniture imports declined to $X in 2022. In general, imports, however, showed a significant decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 145%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal office furniture supplier to Angola, accounting for a 83% share of total imports. Moreover, metal office furniture imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sevenfold. France (X tons) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-30.1% per year) and France (-9.0% per year).

In value terms, China ($X), Portugal ($X) and France ($X) appeared to be the largest metal office furniture suppliers to Angola, together comprising 90% of total imports.

China, with a CAGR of -5.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average metal office furniture import price stood at $X per ton in 2022, declining by -49% against the previous year. In general, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 an increase of 26%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :