South Africa: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in South Africa

The South African wooden furniture treatments market fell slightly to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a perceptible downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wooden Furniture Treatments Production in South Africa

In value terms, wooden furniture treatments production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports from South Africa

In 2022, shipments abroad of polishes and creams for wooden furniture and floors decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wooden furniture treatments exports amounted to $X in 2022. Over the period under review, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Zambia (X tons) was the main destination for wooden furniture treatments exports from South Africa, accounting for a X% share of total exports. Moreover, wooden furniture treatments exports to Zambia exceeded the volume sent to the second major destination, Zimbabwe (X tons), fourfold. The third position in this ranking was held by Lesotho (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Zambia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Lesotho (X% per year).

In value terms, Zambia ($X) remains the key foreign market for polishes and creams for wooden furniture and floors exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with an X% share of total exports. It was followed by Lesotho, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zambia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Lesotho (X% per year).

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into South Africa

In 2022, the amount of polishes and creams for wooden furniture and floors imported into South Africa surged to X tons, jumping by X% on 2021. In general, imports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden furniture treatments imports reduced to $X in 2022. Overall, imports, however, showed a slight descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of wooden furniture treatments to South Africa, accounting for a X% share of total imports. Moreover, wooden furniture treatments imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. China (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, the United States ($X), Turkey ($X) and Denmark ($X) appeared to be the largest wooden furniture treatments suppliers to South Africa, with a combined X% share of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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