South Africa: Plastic Furniture Market 2024

Plastic Furniture Market Size in South Africa

The South African plastic furniture market totaled $X in 2021, with an increase of 4.4% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Plastic Furniture Production in South Africa

In value terms, plastic furniture production contracted modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Plastic Furniture Exports

Exports from South Africa

In 2021, the amount of furniture of plastic exported from South Africa rose rapidly to X units, surging by 7.9% compared with 2020. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 23%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic furniture exports rose significantly to $X in 2021. Overall, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 17%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Namibia (X units), Botswana (X units) and Mozambique (X units) were the main destinations of plastic furniture exports from South Africa, together comprising 66% of total exports. Lesotho, Zambia, Swaziland, Malawi, Zimbabwe and Angola lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lesotho (with a CAGR of +34.1%), while the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Mozambique ($X) and Namibia ($X) appeared to be the largest markets for plastic furniture exported from South Africa worldwide, together accounting for 52% of total exports. Lesotho, Zambia, Swaziland, Malawi, Zimbabwe and Angola lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Lesotho, with a CAGR of +10.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average plastic furniture export price amounted to $X per unit, picking up by 6% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2017 when the average export price increased by 14%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Angola ($X per unit), while the average price for exports to Namibia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+4.5%), while the prices for the other major destinations experienced a decline.

Plastic Furniture Imports

Imports into South Africa

After two years of decline, purchases abroad of furniture of plastic increased by 25% to X units in 2021. In general, imports, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2018 with an increase of 26% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, plastic furniture imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of plastic furniture to South Africa, accounting for a 81% share of total imports. Moreover, plastic furniture imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. The third position in this ranking was taken by Israel (X units), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+59.9% per year) and Israel (-2.2% per year).

In value terms, Spain ($X), China ($X) and Israel ($X) appeared to be the largest plastic furniture suppliers to South Africa, together comprising 86% of total imports.

Among the main suppliers, Spain, with a CAGR of +66.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic furniture import price stood at $X per unit in 2021, with an increase of 61% against the previous year. Overall, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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