Angola: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Angola

The Angolan wooden bedroom furniture market expanded modestly to $X in 2022, with an increase of 3.3% against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wooden bedroom furniture consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Wooden Bedroom Furniture Production in Angola

In value terms, wooden bedroom furniture production stood at $X in 2022 estimated in export price. Overall, production posted strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 82% against the previous year. Wooden bedroom furniture production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from Angola

For the third year in a row, Angola recorded growth in shipments abroad of wooden furniture of a kind used in the bedroom, which increased by 0.4% to X units in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,221% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, wooden bedroom furniture exports declined to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 861%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for wooden bedroom furniture exports from Angola, with a 52% share of total exports. Moreover, wooden bedroom furniture exports to the UK exceeded the volume sent to the second major destination, Portugal (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+17.9% per year) and Sao Tome and Principe (+12.7% per year).

In value terms, the UK ($X) remains the key foreign market for wooden furniture of a kind used in the bedroom exports from Angola, comprising 53% of total exports. The second position in the ranking was held by Portugal ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK totaled -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+17.9% per year) and Sao Tome and Principe (+14.2% per year).

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, shrinking by -7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 32%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Sao Tome and Principe ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Angola

In 2022, supplies from abroad of wooden furniture of a kind used in the bedroom was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 48% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden bedroom furniture imports reduced modestly to $X in 2022. Overall, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 52% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil (X units), Portugal (X units) and China (X units) were the main suppliers of wooden bedroom furniture imports to Angola, together comprising 67% of total imports. Turkey and South Africa lagged somewhat behind, together comprising a further 4.8%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +2.9%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Portugal ($X) and Brazil ($X) constituted the largest wooden bedroom furniture suppliers to Angola, with a combined 68% share of total imports. Turkey and South Africa lagged somewhat behind, together accounting for a further 5.1%.

Turkey, with a CAGR of +1.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, with a decrease of -17.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 44% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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