South Africa: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in South Africa

The South African metal domestic furniture market fell to $X in 2022, dropping by X% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Metal domestic furniture consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal Domestic Furniture Production in South Africa

In value terms, metal domestic furniture production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Metal domestic furniture production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Domestic Furniture Exports

Exports from South Africa

In 2022, the amount of metal furniture exported from South Africa expanded rapidly to X tons, surging by X% compared with the previous year's figure. In general, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal domestic furniture exports expanded slightly to $X in 2022. Over the period under review, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Namibia (X tons), Botswana (X tons) and Zambia (X tons) were the main destinations of metal domestic furniture exports from South Africa, with a combined X% share of total exports. Mozambique, Swaziland, Lesotho, Zimbabwe, Democratic Republic of the Congo, Malawi, the United States and Angola lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Namibia ($X), Botswana ($X) and Zambia ($X) appeared to be the largest markets for metal domestic furniture exported from South Africa worldwide, with a combined X% share of total exports. Democratic Republic of the Congo, Mozambique, Swaziland, Zimbabwe, the United States, Malawi, Lesotho and Angola lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Democratic Republic of the Congo, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average metal domestic furniture export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Lesotho ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports into South Africa

In 2022, metal domestic furniture imports into South Africa reduced remarkably to X tons, declining by X% compared with 2021. Over the period under review, imports showed a slight curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, metal domestic furniture imports reduced notably to $X in 2022. Overall, imports showed a pronounced descent. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest metal domestic furniture supplier to South Africa, accounting for a X% share of total imports. It was followed by India (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of metal furniture to South Africa, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average metal domestic furniture import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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