Africa: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Africa

In 2022, the African wooden furniture treatments market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in Africa

In value terms, wooden furniture treatments production stood at $X in 2022 estimated in export price. Over the period under review, production saw a noticeable downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wooden Furniture Treatments Exports

Exports in Africa

In 2022, the amount of polishes and creams for wooden furniture and floors exported in Africa totaled X tons, approximately equating the previous year. Overall, exports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, wooden furniture treatments exports rose to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa represented the major exporter of polishes and creams for wooden furniture and floors in Africa, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Mauritius (X tons), achieving a X% share of total exports. The following exporters - Kenya (X tons) and Egypt (X tons) - each accounted for a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%), Kenya (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mauritius increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest wooden furniture treatments supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports in Africa

In 2022, approx. X tons of polishes and creams for wooden furniture and floors were imported in Africa; falling by X% compared with 2021 figures. Overall, imports saw a slight setback. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, wooden furniture treatments imports expanded significantly to $X in 2022. In general, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Zambia was the key importing country with an import of around X tons, which finished at X% of total imports. Madagascar (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Zimbabwe (X%), Lesotho (X%), Algeria (X%) and Libya (X%). Kenya (X tons), Botswana (X tons), Liberia (X tons), Morocco (X tons), Mozambique (X tons), South Africa (X tons) and Angola (X tons) followed a long way behind the leaders.

Zambia experienced a relatively flat trend pattern with regard to volume of imports of polishes and creams for wooden furniture and floors. At the same time, Liberia (X%), Kenya (X%), Madagascar (X%), Morocco (X%) and Lesotho (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Libya (X%), Algeria (X%), South Africa (X%), Mozambique (X%), Zimbabwe (X%), Botswana (X%) and Angola (X%) illustrated a downward trend over the same period. While the share of Madagascar (X p.p.), Liberia (X p.p.), Kenya (X p.p.), Lesotho (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Zimbabwe (X p.p.), Angola (X p.p.) and Botswana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wooden furniture treatments importing markets in Africa were Madagascar ($X), Zambia ($X) and Zimbabwe ($X), together accounting for X% of total imports. Lesotho, Botswana, Libya, Kenya, Morocco, Algeria, South Africa, Mozambique, Liberia and Angola lagged somewhat behind, together accounting for a further X%.

Liberia, with a CAGR of X%, saw 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

The import price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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