SADC: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

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

In 2021, the SADC bedding and furnishing article market increased by 17% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in SADC

In value terms, bedding and furnishing article production soared to $X in 2021 estimated in export price. In general, production saw a abrupt contraction. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports in SADC

In 2021, bedding and furnishing article exports in SADC shrank to X tons, dropping by -10.5% on the previous year. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 68% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bedding and furnishing article exports rose sharply to $X in 2021. Overall, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2019 when exports increased by 35%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, South Africa (X tons) represented the major exporter of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) in SADC, mixing up 98% of total export.

South Africa was also the fastest-growing in terms of the bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) exports, with a CAGR of +2.5% from 2012 to 2021. South Africa (+9.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest bedding and furnishing article supplier in SADC.

In South Africa, bedding and furnishing article exports declined by an average annual rate of -4.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, jumping by 24% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -6.4% per year.

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

Imports in SADC

In 2021, overseas purchases of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) decreased by -8.7% to X tons, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, bedding and furnishing article imports shrank slightly to $X in 2021. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by 19%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

South Africa represented the largest importing country with an import of about X tons, which resulted at 36% of total imports. Botswana (X tons) ranks second in terms of the total imports with a 10% share, followed by Namibia (9.4%), Tanzania (8.9%), Mozambique (6.4%), Angola (5.4%) and Lesotho (4.5%). Zambia (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to bedding and furnishing article imports into South Africa stood at -17.1%. At the same time, Lesotho (+23.7%), Tanzania (+9.7%) and Mozambique (+8.5%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of +23.7% from 2012-2021. Zambia experienced a relatively flat trend pattern. By contrast, Botswana (-3.4%), Angola (-8.3%) and Namibia (-12.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Tanzania, Mozambique, Botswana, Lesotho and Zambia increased by +7.5, +5.3, +5.1, +4.3 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) in SADC, comprising 40% of total imports. The second position in the ranking was taken by Tanzania ($X), with an 11% share of total imports. It was followed by Namibia, with a 9.6% share.

In South Africa, bedding and furnishing article imports contracted by an average annual rate of -15.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+14.6% per year) and Namibia (-19.8% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, increasing by 9.2% against the previous year. In general, the import price, however, continues to indicate a slight decline. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform