Western Africa: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Western Africa

The West African wooden kitchen furniture market stood at $X in 2022, increasing by 3.1% against the previous year. In general, consumption continues to indicate strong growth. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Wooden Kitchen Furniture Production in Western Africa

In value terms, wooden kitchen furniture production rose to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 84% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Wooden Kitchen Furniture Exports

Exports in Western Africa

Wooden kitchen furniture exports surged to X units in 2022, increasing by 486% on 2021 figures. In general, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 925%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden kitchen furniture exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 956%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Togo dominates exports structure, recording X units, which was approx. 86% of total exports in 2022. Nigeria (X units), Ghana (X units), Burkina Faso (X units) and Cote d'Ivoire (X units) held a minor share of total exports.

Togo was also the fastest-growing in terms of the wooden furniture for kitchens exports, with a CAGR of +25.1% from 2012 to 2022. At the same time, Ghana (+17.5%) and Cote d'Ivoire (+8.5%) displayed positive paces of growth. Burkina Faso experienced a relatively flat trend pattern. By contrast, Nigeria (-1.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Togo increased by +49 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wooden kitchen furniture supplying countries in Western Africa were Togo ($X), Nigeria ($X) and Ghana ($X), together accounting for 79% of total exports.

Togo, with a CAGR of +12.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, declining by -75.2% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the export price increased by 130% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Togo ($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 (+14.2%), while the other leaders experienced mixed trends in the export price figures.

Wooden Kitchen Furniture Imports

Imports in Western Africa

In 2022, imports of wooden furniture for kitchens in Western Africa fell to X units, declining by -12.5% compared with the previous year's figure. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 156%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden kitchen furniture imports reduced sharply to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 133% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell rapidly in the following year.

Imports by Country

Ghana was the main importing country with an import of around X units, which reached 35% of total imports. It was distantly followed by Senegal (X units), Cote d'Ivoire (X units) and Mali (X units), together creating a 41% share of total imports. Togo (X units), Guinea (X units), Nigeria (X units), Burkina Faso (X units), Mauritania (X units) and Gambia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2022, with a combined 72% share of total imports. Mali, Guinea, Burkina Faso, Gambia, Nigeria, Togo and Mauritania lagged somewhat behind, together comprising a further 21%.

Burkina Faso, with a CAGR of +30.4%, recorded the highest growth rate of the value of imports, among the main importing countries 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, dropping by -10.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 31%. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Gambia ($X per unit), while Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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