Ethiopia: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Ethiopia

In 2022, after three years of growth, there was significant decline in the Ethiopian metal domestic furniture market, when its value decreased by X% to $X. Overall, consumption recorded a mild shrinkage. Metal domestic furniture consumption peaked at $X in 2021, and then reduced dramatically in the following year.

Metal Domestic Furniture Exports

Exports from Ethiopia

In 2022, shipments abroad of metal furniture increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a notable expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal domestic furniture exports soared to $X in 2022. Overall, exports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg), Djibouti (X kg) and Mozambique (X kg) were the main destinations of metal domestic furniture exports from Ethiopia, together comprising X% of total exports.

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

In value terms, the largest markets for metal domestic furniture exported from Ethiopia were Djibouti ($X), Germany ($X) and Georgia ($X), with a combined X% share of total exports. Gambia, Egypt, Belgium, the United Arab Emirates, Turkey, Mozambique, South Africa, France, Italy and Portugal lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average metal domestic furniture export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the 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 Georgia ($X per ton), while the average price for exports to Portugal ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports into Ethiopia

In 2022, purchases abroad of metal furniture decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports saw a pronounced reduction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, metal domestic furniture imports fell rapidly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal domestic furniture supplier to Ethiopia, accounting for a X% share of total imports. Moreover, metal domestic furniture imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), 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: Turkey (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of metal furniture to Ethiopia, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average metal domestic furniture import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a temperate 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. Based on 2022 figures, metal domestic furniture import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform