Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Angola - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Angola (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Angola (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Angola
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Angola
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Angola (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $95 per unit in 2022, waning by -8.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. The import price peaked at $104 per unit in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Namibia ($138 per unit), while the price for Portugal ($75 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Angola (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $76 per unit in 2022, with an increase of 8.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 66%. As a result, the export price reached the peak level of $104 per unit. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Sao Tome and Principe ($81 per unit) and Portugal ($81 per unit), while the average price for exports to the UK ($73 per unit) and Democratic Republic of the Congo ($77 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Angola
In 2022, purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use increased by 198% to 306K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a perceptible slump. Imports peaked at 352K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use surged to $29M in 2022. Overall, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.1 | 5.9 | 5.7 | 18.0 | 30.5% |
| Portugal | 10.3 | 4.3 | 3.3 | 5.2 | -20.4% |
| United Arab Emirates | 0.1 | N/A | 0.1 | 1.1 | 122.4% |
| Turkey | 0.4 | 0.3 | 0.4 | 1.0 | 35.7% |
| Namibia | 0.5 | 0.1 | 0.2 | 1.0 | 26.0% |
| Netherlands | N/A | 0.2 | N/A | 0.8 | 100.0% |
| Brazil | 0.5 | 0.3 | 0.5 | 0.7 | 11.9% |
| Italy | 1.1 | 0.2 | N/A | 0.2 | -43.3% |
| Others | 2.3 | 0.9 | 0.5 | 1.2 | -19.5% |
| Total | 23.2 | 12.3 | 10.7 | 29.2 | 8.0% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Angola in 2022:
- China (174.5K units)
- Portugal (69.0K units)
- United Arab Emirates (12.6K units)
- Turkey (11.2K units)
- Netherlands (9.0K units)
- Brazil (8.6K units)
- Namibia (7.0K units)
- Italy (1.8K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Angola
In 2022, the amount of furniture; wooden, other than for office, kitchen or bedroom use exported from Angola soared to 2.2K units, with an increase of 38% compared with the previous year. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 103%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use skyrocketed to $170K in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 69%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 57.4 | 137 | 62.4 | 90.3 | 16.3% |
| Portugal | 6.1 | 4.4 | 11.8 | 32.9 | 75.4% |
| United Arab Emirates | 2.6 | N/A | 3.1 | 11.4 | 63.7% |
| Mozambique | N/A | 3.2 | 25.8 | 9.2 | 69.6% |
| Sao Tome and Principe | 0.3 | 0.1 | 1.5 | 6.4 | 177.3% |
| Kuwait | N/A | N/A | N/A | 6.0 | 0% |
| Vietnam | N/A | N/A | N/A | 3.8 | 0% |
| Netherlands | N/A | 18.1 | N/A | N/A | 0% |
| Others | 32.2 | 4.2 | 8.5 | 9.9 | -32.5% |
| Total | 98.7 | 167 | 113 | 170 | 19.9% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Angola in 2022:
- United Kingdom (1231.0 units)
- Portugal (409.0 units)
- United Arab Emirates (143.0 units)
- Mozambique (115.0 units)
- Sao Tome and Principe (79.0 units)
- Kuwait (76.0 units)
- Vietnam (49.0 units)
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