Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ethiopia - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ethiopia (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ethiopia (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ethiopia
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ethiopia
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ethiopia (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $82 per unit, with an increase of 25% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for furniture; wooden, other than for office, kitchen or bedroom use decreased by -23.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32% against the previous year. The import price peaked at $107 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($124 per unit), while the price for the United States ($19 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ethiopia (FOB) - 2022
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $75 per unit in 2022, surging by 34% against the previous year. Over the period under review, the export price, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 35% against the previous year. The export price peaked at $115 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Zambia ($76 per unit) and Senegal ($76 per unit), while the average price for exports to Bangladesh ($69 per unit) and Benin ($69 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 the UK (+5.2%), 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 Ethiopia
In 2022, after two years of decline, there was significant growth in purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use, when their volume increased by 55% to 176K units. Overall, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at 205K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use surged to $14M in 2022. Over the period under review, imports, however, continue to indicate a abrupt decline. Over the period under review, imports of reached the peak figure at $22M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4.1 | 5.0 | 4.3 | 6.5 | 16.6% |
| China | 4.2 | 3.3 | 1.3 | 4.0 | -1.6% |
| Italy | 5.9 | 2.5 | 0.1 | 1.5 | -36.7% |
| Turkey | 1.5 | 1.8 | 0.8 | 1.2 | -7.2% |
| Greece | N/A | N/A | N/A | 0.5 | 0% |
| United States | 0.2 | 0.5 | 0.1 | 0.2 | 0.0% |
| Spain | 1.2 | 0.2 | 0.1 | 0.1 | -56.3% |
| United Kingdom | 2.5 | 0.8 | 0.3 | N/A | -65.4% |
| Others | 2.3 | 0.6 | 0.4 | 0.5 | -39.9% |
| Total | 22.0 | 14.7 | 7.4 | 14.4 | -13.2% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Ethiopia in 2022:
- United Arab Emirates (88.9K units)
- China (31.8K units)
- Italy (20.7K units)
- Turkey (16.3K units)
- United States (8.9K units)
- Greece (4.4K units)
- Spain (1.4K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ethiopia
Exports of furniture; wooden, other than for office, kitchen or bedroom use from Ethiopia soared to 7.2K units in 2022, rising by 180% on the previous year's figure. In general, exports, however, continue to indicate a deep slump. Over the period under review, the exports of attained the maximum at 11K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use surged to $544K in 2022. Over the period under review, exports, however, showed a noticeable slump. Over the period under review, the exports of reached the maximum at $588K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 105 | 111 | 29.8 | 78.9 | -9.1% |
| United States | 40.1 | 53.8 | 10.0 | 67.6 | 19.0% |
| Kenya | 66.3 | 11.3 | 2.3 | 63.1 | -1.6% |
| Italy | 17.6 | 15.3 | 11.7 | 35.3 | 26.1% |
| Belgium | 26.5 | 12.8 | 15.9 | 26.6 | 0.1% |
| Senegal | 0.7 | 2.3 | 0.5 | 24.5 | 227.1% |
| Netherlands | 12.5 | 7.3 | 2.6 | 21.0 | 18.9% |
| Bangladesh | 3.2 | 1.3 | 4.6 | 18.9 | 80.8% |
| France | 12.8 | 20.4 | 3.2 | 15.4 | 6.4% |
| Zambia | 1.0 | 9.1 | 1.1 | 14.6 | 144.4% |
| Malawi | N/A | 1.8 | N/A | 13.8 | 176.9% |
| United Kingdom | 5.8 | 17.2 | 1.9 | 13.1 | 31.2% |
| Benin | 1.6 | 9.8 | 3.1 | 12.6 | 99.0% |
| Others | 294 | 312 | 58.8 | 139 | -22.1% |
| Total | 588 | 585 | 145 | 544 | -2.6% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Ethiopia in 2022:
- Germany (1037.0 units)
- United States (889.0 units)
- Kenya (829.0 units)
- Italy (464.0 units)
- Belgium (350.0 units)
- Senegal (322.0 units)
- Netherlands (276.0 units)
- Bangladesh (274.0 units)
- France (203.0 units)
- Zambia (192.0 units)
- Malawi (182.0 units)
- Benin (182.0 units)
- United Kingdom (172.0 units)
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