Africa: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Africa

The African metal domestic furniture market rose notably to $X in 2023, increasing by X% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Metal Domestic Furniture Production in Africa

In value terms, metal domestic furniture production expanded significantly to $X in 2023 estimated in export price. The total production indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Metal Domestic Furniture Exports

Exports in Africa

In 2023, after two years of growth, there was significant decline in overseas shipments of metal furniture, when their volume decreased by X% to X tons. Over the period under review, exports saw a perceptible contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal domestic furniture exports dropped to $X in 2023. Overall, exports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X tons) and Egypt (X tons) represented the key exporters of metal furniture in Africa, together amounting to approx. X% of total exports. It was distantly followed by Tunisia (X tons) and Morocco (X tons), together creating a X% share of total exports. The following exporters - Tanzania (X tons), Namibia (X tons) and Mauritius (X tons) - each accounted for a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Tanzania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest metal domestic furniture supplying countries in Africa were Morocco ($X), Egypt ($X) and South Africa ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Egypt, with a CAGR of X%, recorded the highest growth rate of 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 2023, the export price in Africa amounted to $X per ton, growing by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal domestic furniture export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports in Africa

Metal domestic furniture imports totaled X tons in 2023, remaining constant against 2022 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, metal domestic furniture imports declined to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then fell modestly in the following year.

Imports by Country

South Africa (X tons), Ghana (X tons), Morocco (X tons), Libya (X tons), Angola (X tons), Kenya (X tons), Algeria (X tons), Cote d'Ivoire (X tons), Mauritius (X tons), Egypt (X tons), Senegal (X tons) and Zambia (X tons) represented roughly X% of total imports in 2023. Tanzania (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal domestic furniture importing markets in Africa were Morocco ($X), Ghana ($X) and South Africa ($X), with a combined X% share of total imports.

Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the import price in Africa amounted to $X per ton, reducing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then fell in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform