SADC: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in SADC

The SADC wooden frame upholstered seat market contracted to $X in 2022, dropping by -12% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Upholstered Seats With Wooden Frames in SADC

In value terms, wooden frame upholstered seat production fell to $X in 2022 estimated in export price. The total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.9% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 38%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports in SADC

In 2022, shipments abroad of upholstered seats with wooden frames increased by 2.3% to X units, rising for the third consecutive year after two years of decline. Overall, exports posted a temperate increase. The most prominent rate of growth was recorded in 2017 with an increase of 58%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden frame upholstered seat exports declined to $X in 2022. In general, exports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X units) represented roughly 98% of total exports in 2022.

South Africa was also the fastest-growing in terms of the upholstered seats with wooden frames exports, with a CAGR of +4.2% from 2012 to 2022. South Africa (+14 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 wooden frame upholstered seat supplier in SADC.

In South Africa, wooden frame upholstered seat exports declined by an average annual rate of -1.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, with a decrease of -9.6% against the previous year. Overall, the export price showed a abrupt contraction. The growth pace was the most rapid in 2018 when the export price increased by 44%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, 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 2022, the rate of growth in terms of prices for South Africa amounted to -5.6% per year.

Imports of Upholstered Seats With Wooden Frames

Imports in SADC

Wooden frame upholstered seat imports shrank notably to X units in 2022, with a decrease of -18.9% compared with the year before. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of X units, and then shrank significantly in the following year.

In value terms, wooden frame upholstered seat imports declined notably to $X in 2022. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, resulting at X units, which was near 68% of total imports in 2022. It was distantly followed by Botswana (X units), Namibia (X units) and Angola (X units), together creating an 18% share of total imports. The following importers - Democratic Republic of the Congo (X units), Mozambique (X units) and Zambia (X units) - together made up 7.7% of total imports.

From 2012 to 2022, average annual rates of growth with regard to wooden frame upholstered seat imports into South Africa stood at +1.9%. At the same time, Democratic Republic of the Congo (+14.0%), Botswana (+13.8%) and Namibia (+7.3%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +14.0% from 2012-2022. By contrast, Mozambique (-1.3%), Zambia (-3.9%) and Angola (-14.6%) illustrated a downward trend over the same period. While the share of South Africa (+11 p.p.), Botswana (+5.5 p.p.), Namibia (+2.9 p.p.) and Democratic Republic of the Congo (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (-18 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported upholstered seats with wooden frames in SADC, comprising 47% of total imports. The second position in the ranking was held by Angola ($X), with a 12% share of total imports. It was followed by Namibia, with an 8.1% share.

In South Africa, wooden frame upholstered seat imports plunged by an average annual rate of -5.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Angola (-12.0% per year) and Namibia (-2.3% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, dropping by -19% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 9.5%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Angola ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform