South Africa: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in South Africa

In 2022, after two years of growth, there was significant decline in the South African wooden kitchen furniture market, when its value decreased by -23.6% to $X. Over the period under review, consumption, however, continues to indicate resilient growth. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced remarkably in the following year.

Wooden Kitchen Furniture Exports

Exports from South Africa

In 2022, shipments abroad of wooden furniture for kitchens increased by 4.4% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 104% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wooden kitchen furniture exports shrank modestly to $X in 2022. Over the period under review, exports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when exports increased by 109% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Lesotho (X units) was the main destination for wooden kitchen furniture exports from South Africa, with a 36% share of total exports. Moreover, wooden kitchen furniture exports to Lesotho exceeded the volume sent to the second major destination, Namibia (X units), threefold. The third position in this ranking was taken by Zambia (X units), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lesotho amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-2.0% per year) and Zambia (-0.8% per year).

In value terms, the largest markets for wooden kitchen furniture exported from South Africa were Namibia ($X), Lesotho ($X) and Botswana ($X), with a combined 45% share of total exports. Zambia, Zimbabwe, Democratic Republic of the Congo, Swaziland, Mozambique, Angola, Gabon, Seychelles and Ghana lagged somewhat behind, together comprising a further 48%.

Gabon, with a CAGR of +89.7%, recorded the highest rates of growth with regard to 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

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, waning by -6.9% against the previous year. Overall, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 7.8% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 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 Democratic Republic of the Congo ($X per unit), while the average price for exports to Ghana ($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 Democratic Republic of the Congo (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Kitchen Furniture Imports

Imports into South Africa

After two years of growth, overseas purchases of wooden furniture for kitchens decreased by -21.1% to X units in 2022. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 76%. As a result, imports reached the peak of X units, and then declined notably in the following year.

In value terms, wooden kitchen furniture imports fell to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 39%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest wooden kitchen furniture supplier to South Africa, accounting for a 85% share of total imports. Moreover, wooden kitchen furniture imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+13.2% per year) and Italy (+6.8% per year).

In value terms, China ($X) constituted the largest supplier of wooden furniture for kitchens to South Africa, comprising 45% of total imports. The second position in the ranking was held by Brazil ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+20.4% per year) and Italy (+4.8% per year).

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, increasing by 13% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 an increase of 17%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a 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 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 Brazil (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :