Western Africa: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Western Africa

In 2021, the West African wooden office furniture market increased by 13% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -32.4% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Wooden Office Furniture Production in Western Africa

In value terms, wooden office furniture production soared to $X in 2021 estimated in export price. The total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -36.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 69% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Wooden Office Furniture Exports

Exports in Western Africa

In 2021, approx. X units of wooden furniture of a kind used in offices were exported in Western Africa; waning by -4.8% compared with the year before. Overall, exports saw a perceptible curtailment. The pace of growth was the most pronounced in 2013 with an increase of 278%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden office furniture exports reduced to $X in 2021. In general, exports recorded a pronounced descent. The growth pace was the most rapid in 2013 with an increase of 482%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Senegal (X units), Benin (X units) and Cote d'Ivoire (X units) represented the major exporter of wooden furniture of a kind used in offices in Western Africa, making up 73% of total export. It was distantly followed by Nigeria (X units) and Burkina Faso (X units), together committing a 16% share of total exports. Guinea (X units) and Niger (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Burkina Faso (with a CAGR of +18.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) emerged as the largest wooden office furniture supplier in Western Africa, comprising 43% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 21% share of total exports. It was followed by Nigeria, with an 18% share.

In Senegal, wooden office furniture exports increased at an average annual rate of +1.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+5.8% per year) and Nigeria (-1.0% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 99.9% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Burkina Faso (+9.1%), while the other leaders experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports in Western Africa

In 2021, approx. X units of wooden furniture of a kind used in offices were imported in Western Africa; rising by 20% compared with 2020. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.5% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 45%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden office furniture imports surged to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +44.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Cote d'Ivoire (X units), Ghana (X units) and Senegal (X units) represented roughly 66% of total imports in 2021. It was distantly followed by Guinea (X units), committing a 5.3% share of total imports. Benin (X units), Gambia (X units), Mali (X units), Nigeria (X units), Sierra Leone (X units), Togo (X units), Burkina Faso (X units), Niger (X units) and Liberia (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Gambia (with a CAGR of +23.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden office furniture importing markets in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Senegal ($X), with a combined 64% share of total imports. Guinea, Sierra Leone, Gambia, Benin, Nigeria, Liberia, Mali, Burkina Faso, Niger and Togo lagged somewhat behind, together comprising a further 34%.

Among the main importing countries, Gambia, with a CAGR of +40.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, growing by 15% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sierra Leone ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+13.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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