SADC: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in SADC

The SADC wooden bedroom furniture market totaled $X in 2022, stabilizing at the previous year. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +54.2% against 2015 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Wooden Bedroom Furniture Production in SADC

In value terms, wooden bedroom furniture production reached $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 24%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Wooden Bedroom Furniture Exports

Exports in SADC

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were exported in SADC; increasing by 11% compared with 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 46%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wooden bedroom furniture exports stood at $X in 2022. Overall, exports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, finishing at X units, which was approx. 95% of total exports in 2022. Zimbabwe (X units) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the wooden furniture of a kind used in the bedroom exports, with a CAGR of +3.2% from 2012 to 2022. Zimbabwe (-10.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa increased by +24 percentage points.

In value terms, South Africa ($X) remains the largest wooden bedroom furniture supplier in SADC, comprising 93% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 3.1% share of total exports.

In South Africa, wooden bedroom furniture exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, reducing by -5.4% against the previous year. Overall, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the export price increased by 27%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while South Africa stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (+0.6%).

Wooden Bedroom Furniture Imports

Imports in SADC

In 2022, overseas purchases of wooden furniture of a kind used in the bedroom decreased by -28.9% to X units, falling for the third year in a row after three years of growth. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by 32% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture imports fell to $X in 2022. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units) represented the main importer of wooden furniture of a kind used in the bedroom, making up 56% of total imports. It was distantly followed by Angola (X units) and Botswana (X units), together making up a 22% share of total imports. The following importers - Swaziland (X units), Namibia (X units), Democratic Republic of the Congo (X units), Mauritius (X units), Tanzania (X units), Mozambique (X units) and Zambia (X units) - together made up 17% of total imports.

Imports into South Africa decreased at an average annual rate of -5.1% from 2012 to 2022. At the same time, Botswana (+8.4%), Swaziland (+3.4%) and Mauritius (+3.3%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of +8.4% from 2012-2022. By contrast, Namibia (-2.7%), Democratic Republic of the Congo (-2.9%), Zambia (-3.8%), Tanzania (-5.2%), Mozambique (-8.5%) and Angola (-14.6%) illustrated a downward trend over the same period. Botswana (+7.5 p.p.), South Africa (+5.2 p.p.) and Swaziland (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Angola saw its share reduced by -19.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported wooden furniture of a kind used in the bedroom in SADC, comprising 32% of total imports. The second position in the ranking was taken by Angola ($X), with a 15% share of total imports. It was followed by Botswana, with a 14% share.

In South Africa, wooden bedroom furniture imports declined by an average annual rate of -5.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Angola (-14.6% per year) and Botswana (+5.8% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, with an increase of 27% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform