SADC: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in SADC

The SADC wooden joinery and carpentry market reached $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Production of Builders' Joinery And Carpentry Of Wood in SADC

In value terms, wooden joinery and carpentry production totaled $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.2% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 17% against the previous year. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Builders' Joinery And Carpentry Of Wood

Exports in SADC

In 2021, shipments abroad of builders' joinery and carpentry of wood was finally on the rise to reach X tons after two years of decline. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, wooden joinery and carpentry exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from South Africa (X tons), together resulting at 97% of total export.

South Africa was also the fastest-growing in terms of the builders' joinery and carpentry of wood exports, with a CAGR of +2.1% from 2012 to 2021. While the share of South Africa (+10 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest wooden joinery and carpentry supplier in SADC.

In South Africa, wooden joinery and carpentry exports expanded at an average annual rate of +1.3% over the period from 2012-2021.

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 14% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 -0.8% per year.

Imports of Builders' Joinery And Carpentry Of Wood

Imports in SADC

In 2021, overseas purchases of builders' joinery and carpentry of wood increased by 33% to X tons for the first time since 2014, thus ending a six-year declining trend. Over the period under review, imports, however, showed a noticeable decrease. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden joinery and carpentry imports surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt setback. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

South Africa represented the main importing country with an import of about X tons, which reached 43% of total imports. Lesotho (X tons) took the second position in the ranking, followed by Namibia (X tons) and Mozambique (X tons). All these countries together held near 29% share of total imports. The following importers - Botswana (X tons), Zimbabwe (X tons), Angola (X tons), Swaziland (X tons), Madagascar (X tons), Zambia (X tons), Tanzania (X tons) and Mauritius (X tons) - together made up 24% of total imports.

Imports into South Africa increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, Lesotho (+13.1%), Madagascar (+9.0%), Zimbabwe (+3.3%) and Tanzania (+1.9%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of +13.1% from 2012-2021. Swaziland and Mozambique experienced a relatively flat trend pattern. By contrast, Namibia (-5.8%), Zambia (-10.2%), Mauritius (-10.2%), Botswana (-14.3%) and Angola (-21.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Africa, Lesotho, Zimbabwe and Madagascar increased by +17, +11, +1.8 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wooden joinery and carpentry importing markets in SADC were South Africa ($X), Botswana ($X) and Namibia ($X), together comprising 52% of total imports. These countries were followed by Lesotho, Angola, Mozambique, Zimbabwe, Swaziland, Zambia, Mauritius, Tanzania and Madagascar, which together accounted for a further 42%.

Madagascar, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, picking up by 2.2% against the previous year. Overall, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2013 an increase of 8.4%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Botswana (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform