SADC: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in SADC

The SADC wooden kitchen furniture market was estimated at $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Wooden Kitchen Furniture Production in SADC

In value terms, wooden kitchen furniture production totaled $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 -3.7% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 30%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Wooden Kitchen Furniture Exports

Exports in SADC

In 2022, shipments abroad of wooden furniture for kitchens increased by 8.8% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 82% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, wooden kitchen furniture exports expanded modestly to $X in 2022. Over the period under review, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 89% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, finishing at X units, which was near 85% of total exports in 2022. It was distantly followed by Mauritius (X units), creating a 6.3% share of total exports. The following exporters - Botswana (X units), Seychelles (X units) and Namibia (X units) - together made up 7.7% of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of wooden furniture for kitchens. At the same time, Seychelles (+41.5%), Mauritius (+29.2%) and Botswana (+11.8%) displayed positive paces of growth. Moreover, Seychelles emerged as the fastest-growing exporter exported in SADC, with a CAGR of +41.5% from 2012-2022. By contrast, Namibia (-15.3%) illustrated a downward trend over the same period. While the share of Mauritius (+5.8 p.p.), Seychelles (+2.3 p.p.) and Botswana (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Namibia (-8.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest wooden kitchen furniture supplier in SADC, comprising 82% of total exports. The second position in the ranking was held by Namibia ($X), with a 7.2% share of total exports. It was followed by Mauritius, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled -2.7%. In the other countries, the average annual rates were as follows: Namibia (-10.1% per year) and Mauritius (+15.7% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, reducing by -4.9% against the previous year. Overall, the export price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2014 an increase of 12%. Over the period under review, the export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per unit), while Seychelles ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+6.2%), while the other leaders experienced a decline in the export price figures.

Wooden Kitchen Furniture Imports

Imports in SADC

Wooden kitchen furniture imports contracted significantly to X units in 2022, falling by -24.9% on the previous year's figure. Overall, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wooden kitchen furniture imports dropped remarkably to $X in 2022. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

South Africa prevails in imports structure, finishing at X units, which was near 60% of total imports in 2022. Angola (X units) ranks second in terms of the total imports with a 6.1% share, followed by Democratic Republic of the Congo (5.5%). Zambia (X units), Mauritius (X units), Mozambique (X units), Botswana (X units), Lesotho (X units), Madagascar (X units), Tanzania (X units) and Namibia (X units) took a little share of total imports.

Imports into South Africa increased at an average annual rate of +6.7% from 2012 to 2022. At the same time, Madagascar (+20.5%) and Democratic Republic of the Congo (+7.6%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of +20.5% from 2012-2022. By contrast, Zambia (-1.2%), Mauritius (-2.6%), Botswana (-2.6%), Lesotho (-3.2%), Namibia (-7.6%), Tanzania (-7.8%), Mozambique (-10.4%) and Angola (-20.2%) illustrated a downward trend over the same period. South Africa (+37 p.p.), Democratic Republic of the Congo (+3.6 p.p.) and Madagascar (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Mozambique and Angola saw its share reduced by -4.1% and -36.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported wooden furniture for kitchens in SADC, comprising 35% of total imports. The second position in the ranking was held by Mauritius ($X), with a 15% share of total imports. It was followed by Democratic Republic of the Congo, with an 8.9% share.

In South Africa, wooden kitchen furniture imports increased at an average annual rate of +2.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (+3.3% per year) and Democratic Republic of the Congo (+7.4% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, picking up by 4.4% against the previous year. Overall, the import price, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2014 when the import price increased by 7.6%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the 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 Mauritius ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform