South Africa: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in South Africa

The South African wooden bedroom furniture market declined markedly to $X in 2022, waning by -16.2% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Wooden Bedroom Furniture Production in South Africa

In value terms, wooden bedroom furniture production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 102%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports from South Africa

In 2022, approx. X units of wooden furniture of a kind used in the bedroom were exported from South Africa; surging by 9.9% on 2021 figures. In general, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +11.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, wooden bedroom furniture exports totaled $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Swaziland (X units), Botswana (X units) and Namibia (X units) were the main destinations of wooden bedroom furniture exports from South Africa, with a combined 67% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Swaziland (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Swaziland ($X), Namibia ($X) and Botswana ($X) appeared to be the largest markets for wooden bedroom furniture exported from South Africa worldwide, together accounting for 61% of total exports.

In terms of the main countries of destination, Swaziland, with a CAGR of +6.4%, 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 wooden bedroom furniture export price amounted to $X per unit, declining by -3.8% against the previous year. Over the period under review, the export price saw a perceptible slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Lesotho ($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 Mozambique (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Bedroom Furniture Imports

Imports into South Africa

In 2022, supplies from abroad of wooden furniture of a kind used in the bedroom decreased by -36.6% to X units, falling for the third year in a row after three years of growth. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by 57%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wooden bedroom furniture imports declined to $X in 2022. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest wooden bedroom furniture supplier to South Africa, with a 70% share of total imports. Moreover, wooden bedroom furniture imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold. Brazil (X units) 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 China totaled -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-3.0% per year) and Brazil (+32.1% per year).

In value terms, China ($X) constituted the largest supplier of wooden furniture of a kind used in the bedroom to South Africa, comprising 40% of total imports. The second position in the ranking was taken by Brazil ($X), with a 17% share of total imports. It was followed by Vietnam, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+17.5% per year) and Vietnam (+7.9% per year).

Import Prices by Country

The average wooden bedroom furniture import price stood at $X per unit in 2022, rising by 46% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 64%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :