South Africa: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in South Africa

The South African wooden furniture treatments market fell to $X in 2022, which is down by -5.5% against the previous year. Overall, consumption saw a pronounced descent. Wooden furniture treatments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in South Africa

In value terms, wooden furniture treatments production shrank slightly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from South Africa

In 2022, shipments abroad of polishes and creams for wooden furniture and floors decreased by -0.2% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wooden furniture treatments exports totaled $X in 2022. Over the period under review, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 56%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Zambia (X tons) was the main destination for wooden furniture treatments exports from South Africa, accounting for a 59% share of total exports. Moreover, wooden furniture treatments exports to Zambia exceeded the volume sent to the second major destination, Zimbabwe (X tons), fourfold. Lesotho (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Zambia totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-6.5% per year) and Lesotho (-3.0% per year).

In value terms, Zambia ($X) remains the key foreign market for polishes and creams for wooden furniture and floors exports from South Africa, comprising 56% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with an 11% share of total exports. It was followed by Lesotho, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zambia amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-6.0% per year) and Lesotho (-3.0% per year).

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, picking up by 1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2017 an increase of 30% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into South Africa

Wooden furniture treatments imports into South Africa skyrocketed to X tons in 2022, with an increase of 24% compared with 2021 figures. In general, imports, however, continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2018 with an increase of 74% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports contracted to $X in 2022. Overall, imports, however, recorded a slight setback. The pace of growth was the most pronounced in 2014 when imports increased by 122%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of wooden furniture treatments to South Africa, with a 53% share of total imports. Moreover, wooden furniture treatments imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.1% per year) and China (+10.4% per year).

In value terms, the largest wooden furniture treatments suppliers to South Africa were the United States ($X), Turkey ($X) and Denmark ($X), together comprising 72% of total imports.

Turkey, with a CAGR of +28.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, reducing by -29.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 137% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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