Angola: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Angola

The Angolan wooden bedroom furniture market expanded sharply to $X in 2022, with an increase of X% against the previous year. Overall, consumption posted a prominent increase. Wooden bedroom furniture consumption peaked in 2022 and is likely to see gradual growth in years to come.

Wooden Bedroom Furniture Production in Angola

In value terms, wooden bedroom furniture production stood at $X in 2022 estimated in export price. Over the period under review, production saw prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Wooden bedroom furniture production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Wooden Bedroom Furniture Exports

Exports from Angola

In 2022, exports of wooden furniture of a kind used in the bedroom from Angola skyrocketed to X units, picking up by X% on the previous year's figure. Overall, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden bedroom furniture exports surged to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Zambia (X units) was the main destination for wooden bedroom furniture exports from Angola, accounting for a X% share of total exports. Moreover, wooden bedroom furniture exports to Zambia exceeded the volume sent to the second major destination, the United States (X units), fourfold. Brazil (X units) ranked third in terms of total exports with a X% share.

From 2015 to 2022, the average annual growth rate of volume to Zambia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Brazil (X% per year).

In value terms, Zambia ($X) emerged as the key foreign market for wooden furniture of a kind used in the bedroom exports from Angola, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by Brazil, with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of value to Zambia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average wooden bedroom furniture export price amounted to $X per unit, picking up by X% against the previous year. In general, export price indicated a prominent expansion from 2015 to 2022: its price increased at an average annual rate of X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden bedroom furniture export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Portugal ($X per unit) and Brazil ($X per unit), while the average price for exports to South Africa ($X per unit) and Cuba ($X per unit) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Angola

In 2022, after four years of decline, there was growth in purchases abroad of wooden furniture of a kind used in the bedroom, when their volume increased by X% to X units. Overall, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, wooden bedroom furniture imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Portugal (X units) and Brazil (X units) were the main suppliers of wooden bedroom furniture imports to Angola, with a combined X% share of total imports. South Africa, Turkey, Namibia, India and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest wooden bedroom furniture suppliers to Angola were China ($X), Portugal ($X) and Brazil ($X), with a combined X% share of total imports. South Africa, Turkey, Namibia, India and Malaysia lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average wooden bedroom furniture import price amounted to $X per unit, growing by X% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden bedroom furniture import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($X per unit) and Namibia ($X per unit), while the price for Malaysia ($X per unit) and India ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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