Western Africa: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Western Africa

The West African wooden bedroom furniture market rose markedly to $X in 2022, growing by 7.1% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Wooden Bedroom Furniture Production in Western Africa

In value terms, wooden bedroom furniture production expanded markedly to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.6% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 36%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Wooden Bedroom Furniture Exports

Exports in Western Africa

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom increased by 11% to X units for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden bedroom furniture exports soared to $X in 2022. In general, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 48%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Benin (X units) and Nigeria (X units) represented the key exporters of wooden furniture of a kind used in the bedroom in Western Africa, together mixing up 66% of total exports. It was distantly followed by Senegal (X units) and Cote d'Ivoire (X units), together achieving an 11% share of total exports. Mauritania (X units), Ghana (X units), Mali (X units), Burkina Faso (X units), Togo (X units), Cabo Verde (X units) and Niger (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cote d'Ivoire (with a CAGR of +16.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest wooden bedroom furniture supplying countries in Western Africa were Benin ($X), Nigeria ($X) and Cote d'Ivoire ($X), together comprising 67% of total exports.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of +21.7%, saw 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 export price in Western Africa amounted to $X per unit, surging by 7.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 12%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+6.3%), while the other leaders experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports in Western Africa

After two years of growth, supplies from abroad of wooden furniture of a kind used in the bedroom decreased by -18% to X units in 2022. In general, imports, however, saw a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 79% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then contracted remarkably in the following year.

In value terms, wooden bedroom furniture imports declined significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

Ghana (X units) and Senegal (X units) represented the key importers of wooden furniture of a kind used in the bedroom in 2022, recording near 28% and 21% of total imports, respectively. Cote d'Ivoire (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (8%), Nigeria (5.7%) and Cabo Verde (5.2%). Gambia (X units), Mauritania (X units), Mali (X units), Niger (X units), Burkina Faso (X units) and Liberia (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +48.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden bedroom furniture importing markets in Western Africa were Ghana ($X), Senegal ($X) and Nigeria ($X), together accounting for 56% of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of +58.8%, 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

In 2022, the import price in Western Africa amounted to $X per unit, leveling off at the previous year. In general, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of 13%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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