SADC: Plastic Furniture Market 2024

Plastic Furniture Market Size in SADC

The SADC plastic furniture market declined slightly to $X in 2022, which is down by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Plastic Furniture Production in SADC

In value terms, plastic furniture production fell to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Plastic Furniture Exports

Exports in SADC

Plastic furniture exports shrank to X units in 2022, waning by X% against 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic furniture exports surged to $X in 2022. Overall, exports continue to indicate a pronounced downturn. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa represented the key exporter of furniture of plastic in SADC, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Angola (X units) ranks second in terms of the total exports with a X% share, followed by Tanzania (X%). Zimbabwe (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic furniture exports from South Africa stood at X%. At the same time, Angola (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%) illustrated a downward trend over the same period. Angola (X p.p.), Zimbabwe (X p.p.) and South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while Tanzania saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest plastic furniture supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

In South Africa, plastic furniture exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Angola (X% per year) and Tanzania (X% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, showed a deep downturn. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Tanzania ($X per unit), while Zimbabwe ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the export price figures.

Plastic Furniture Imports

Imports in SADC

In 2022, the amount of furniture of plastic imported in SADC skyrocketed to X units, increasing by X% on 2021. Over the period under review, imports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, plastic furniture imports reduced to $X in 2022. Overall, imports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X units) was the main importer of furniture of plastic, creating X% of total imports. Mauritius (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Namibia (X%), Angola (X%), Botswana (X%) and Mozambique (X%). Tanzania (X units) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of furniture of plastic. Mauritius and Botswana experienced a relatively flat trend pattern. Namibia (X%), Mozambique (X%), Tanzania (X%) and Angola (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Mauritius and Botswana increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported furniture of plastic in SADC, comprising X% of total imports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total imports. It was followed by Mozambique, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Mozambique (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a slight setback. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per unit), while Namibia ($X per unit) 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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