South Africa: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in South Africa

The South African wooden frame upholstered seat market reduced rapidly to $X in 2022, shrinking by -42.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a pronounced downturn. Wooden frame upholstered seat consumption peaked at $X in 2021, and then reduced remarkably in the following year.

Exports of Upholstered Seats With Wooden Frames

Exports from South Africa

In 2022, shipments abroad of upholstered seats with wooden frames increased by 3.4% to X units, rising for the third year in a row after two years of decline. In general, exports posted a noticeable expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 67% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, wooden frame upholstered seat exports reduced to $X in 2022. Overall, exports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Namibia (X units), Botswana (X units) and Swaziland (X units) were the main destinations of wooden frame upholstered seat exports from South Africa, together comprising 63% of total exports. Lesotho, Zambia, Mozambique and Zimbabwe lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Lesotho (with a CAGR of +16.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Botswana ($X) and Zambia ($X) appeared to be the largest markets for wooden frame upholstered seat exported from South Africa worldwide, with a combined 58% share of total exports. Swaziland, Lesotho, Mozambique and Zimbabwe lagged somewhat behind, together comprising a further 25%.

Lesotho, with a CAGR of +4.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden frame upholstered seat export price stood at $X per unit in 2022, reducing by -10.5% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 46%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (-0.6%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Wooden Frames

Imports into South Africa

In 2022, approx. X units of upholstered seats with wooden frames were imported into South Africa; with a decrease of -22% against the year before. In general, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. As a result, imports attained the peak of X units, and then declined rapidly in the following year.

In value terms, wooden frame upholstered seat imports reduced notably to $X in 2022. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame upholstered seat supplier to South Africa, with a 89% share of total imports. It was followed by Italy (X units), with a 2.6% share of total imports. The third position in this ranking was taken by Turkey (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.9% per year) and Turkey (+13.0% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with wooden frames to South Africa, comprising 75% of total imports. The second position in the ranking was taken by Italy ($X), with a 9% share of total imports. It was followed by Vietnam, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.6% per year) and Vietnam (+5.7% per year).

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, declining by -30.7% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 13%. The import price peaked at $X per unit in 2013; however, from 2014 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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