Angola: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Angola

The Angolan wooden kitchen furniture market expanded modestly to $X in 2022, with an increase of 4.5% 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). Overall, consumption, however, saw a dramatic slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Wooden Kitchen Furniture Exports

Exports from Angola

In 2022, the amount of wooden furniture for kitchens exported from Angola dropped sharply to X units, waning by -34% compared with the year before. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 406% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, wooden kitchen furniture exports reduced remarkably to $X in 2022. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 1,040%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X units) was the main destination for wooden kitchen furniture exports from Angola, with a 48% share of total exports. Moreover, wooden kitchen furniture exports to Morocco exceeded the volume sent to the second major destination, Israel (X units), threefold. Democratic Republic of the Congo (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Morocco stood at +51.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (0.0% per year) and Democratic Republic of the Congo (+14.9% per year).

In value terms, Morocco ($X) remains the key foreign market for wooden furniture for kitchens exports from Angola, comprising 47% of total exports. The second position in the ranking was taken by Israel ($X), with a 17% share of total exports. It was followed by Democratic Republic of the Congo, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Morocco stood at +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (0.0% per year) and Democratic Republic of the Congo (+4.0% per year).

Export Prices by Country

The average wooden kitchen furniture export price stood at $X per unit in 2022, reducing by -4.6% against the previous year. Overall, the export price showed a deep slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 189%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Portugal ($X per unit) and Israel ($X per unit), while the average price for exports to Brazil ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into Angola

In 2022, after two years of decline, there was significant growth in supplies from abroad of wooden furniture for kitchens, when their volume increased by 27% to X units. In general, imports, however, faced a precipitous slump. The pace of growth appeared the most rapid in 2017 with an increase of 99% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden kitchen furniture imports fell to $X in 2022. Over the period under review, imports, however, faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 75% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X units), Portugal (X units) and South Africa (X units) were the main suppliers of wooden kitchen furniture imports to Angola, with a combined 73% share of total imports. Malaysia, Indonesia, Namibia, Malta, China, Spain and the United Arab Emirates lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malta (with a CAGR of +17.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden kitchen furniture suppliers to Angola were Portugal ($X), Brazil ($X) and South Africa ($X), together comprising 67% of total imports. Spain, China, Malaysia, Malta, the United Arab Emirates, Namibia and Indonesia lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Malta, with a CAGR of +16.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, shrinking by -22.6% against the previous year. Over the period under review, the import price showed a mild curtailment. The pace of growth was the most pronounced in 2013 an increase of 20% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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