SADC: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in SADC

The SADC wooden office furniture market totaled $X in 2021, picking up by 9.7% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wooden Office Furniture Production in SADC

In value terms, wooden office furniture production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 53%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Wooden Office Furniture Exports

Exports in SADC

In 2021, after two years of decline, there was significant growth in shipments abroad of wooden furniture of a kind used in offices, when their volume increased by 75% to X units. Overall, exports, however, showed a abrupt curtailment. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports surged to $X in 2021. In general, exports, however, recorded a abrupt contraction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X units) represented roughly 96% of total exports in 2021.

South Africa was also the fastest-growing in terms of the wooden furniture of a kind used in offices exports, with a CAGR of -5.3% from 2012 to 2021. While the share of South Africa (+8.4 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 office furniture supplier in SADC.

In South Africa, wooden office furniture exports contracted by an average annual rate of -4.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per unit, growing by 7.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 48%. The level of export peaked at $X per unit in 2014; however, from 2015 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 +0.4% per year.

Wooden Office Furniture Imports

Imports in SADC

In 2021, supplies from abroad of wooden furniture of a kind used in offices was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X units in 2013; afterwards, it flattened through to 2021.

In value terms, wooden office furniture imports skyrocketed to $X in 2021. In general, imports, however, saw a noticeable descent. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa prevails in imports structure, resulting at X units, which was near 53% of total imports in 2021. It was distantly followed by Mozambique (X units), Angola (X units), Botswana (X units) and Tanzania (X units), together comprising a 27% share of total imports. Swaziland (X units), Zambia (X units), Madagascar (X units), Democratic Republic of the Congo (X units) and Namibia (X units) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +8.2% from 2012 to 2021. At the same time, Swaziland (+11.0%), Botswana (+10.4%), Madagascar (+8.9%) and Democratic Republic of the Congo (+1.5%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing importer imported in SADC, with a CAGR of +11.0% from 2012-2021. Zambia experienced a relatively flat trend pattern. By contrast, Mozambique (-1.8%), Tanzania (-4.6%), Namibia (-10.1%) and Angola (-16.1%) illustrated a downward trend over the same period. South Africa (+27 p.p.), Botswana (+4 p.p.), Swaziland (+2.6 p.p.) and Madagascar (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Tanzania, Namibia and Angola saw its share reduced by -2.6%, -3.3% and -25.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported wooden furniture of a kind used in offices in SADC, comprising 28% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 14% share of total imports. It was followed by Angola, with an 11% share.

In South Africa, wooden office furniture imports increased at an average annual rate of +1.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+2.0% per year) and Angola (-17.3% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2021, with a decrease of -18.1% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the import price increased by 5.2% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform