Ethiopia: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2024

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Ethiopia

In 2022, the Ethiopian bedding and furnishing article market increased by 0.9% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Ethiopia

In 2022, approx. X tons of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) were exported from Ethiopia; with an increase of 11% against the previous year's figure. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 625% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, bedding and furnishing article exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 799%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons), Belgium (X tons) and the United States (X tons) were the main destinations of bedding and furnishing article exports from Ethiopia, together accounting for 49% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +118.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bedding and furnishing article exported from Ethiopia were Belgium ($X), the United States ($X) and Germany ($X), together accounting for 53% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +128.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bedding and furnishing article export price stood at $X per ton in 2022, increasing by 27% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bedding and furnishing article export price decreased by -19.4% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 43% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to France ($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 Germany (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Ethiopia

In 2022, after three years of decline, there was significant growth in overseas purchases of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows), when their volume increased by 21% to X tons. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 254%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, bedding and furnishing article imports dropped to $X in 2022. In general, imports enjoyed slight growth. The pace of growth appeared the most rapid in 2013 when imports increased by 136% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of bedding and furnishing article imports to Ethiopia, together accounting for 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +57.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), India ($X) and the United Arab Emirates ($X) constituted the largest bedding and furnishing article suppliers to Ethiopia, with a combined 68% share of total imports.

In terms of the main suppliers, India, with a CAGR of +53.8%, saw the highest growth rate of 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 average bedding and furnishing article import price stood at $X per ton in 2022, which is down by -22.5% against the previous year. Over the period under review, the import price, however, showed a modest increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 59% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform