Africa: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Africa

The African metal office furniture market was estimated at $X in 2023, almost unchanged from the previous year. The total consumption indicated strong growth 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 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Metal Office Furniture Production in Africa

In value terms, metal office furniture production stood at $X in 2023 estimated in export price. In general, production posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Metal Office Furniture Exports

Exports in Africa

Metal office furniture exports soared to X tons in 2023, increasing by X% compared with the year before. Overall, exports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, metal office furniture exports skyrocketed to $X in 2023. Over the period under review, exports, however, continue to indicate a pronounced decline. Over the period under review, the exports attained 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) represented the largest exporter of metal office furniture, creating X% of total exports. Egypt (X tons) took the second position in the ranking, distantly followed by Tunisia (X tons) and Morocco (X tons). All these countries together held approx. X% share of total exports. The following exporters - Namibia (X tons) and Cameroon (X tons) - together made up X% of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Morocco (X%), Cameroon (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, Egypt (X%) and Namibia (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.), Tunisia (X p.p.) and Cameroon (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Egypt ($X) and Morocco ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

In terms of the main exporting countries, Morocco, with a CAGR of X%, recorded 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

The export price in Africa stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price continues to indicate mild growth. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

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

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

Metal Office Furniture Imports

Imports in Africa

In 2023, approx. X tons of metal office furniture were imported in Africa; reducing by X% compared with the previous year. Over the period under review, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, metal office furniture imports declined to $X in 2023. Overall, imports showed a perceptible setback. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Nigeria (X tons), South Africa (X tons), Angola (X tons), Libya (X tons), Ghana (X tons), Mauritius (X tons), Tanzania (X tons), Democratic Republic of the Congo (X tons), Ethiopia (X tons), Morocco (X tons), Kenya (X tons) and Zambia (X tons) represented the major importer of metal office furniture in Africa, making up X% of total import. Cote d'Ivoire (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 Nigeria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Angola ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of X%, saw the highest growth rate of 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

The import price in Africa stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices remained at a somewhat lower figure.

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 Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform