Africa: Market for Furnishing Articles, Furniture and Cushion Covers 2024

Market Size for Furnishing Articles, Furniture and Cushion Covers in Africa

The African market for furnishing articles, furniture and cushion covers totaled $X in 2022, rising by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Furnishing Articles, Furniture and Cushion Covers in Africa

In value terms, production of furnishing articles, furniture and cushion covers totaled $X in 2022 estimated in export price. Overall, production saw a slight setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports in Africa

Exports of furnishing articles, furniture and cushion covers soared to X tons in 2022, rising by X% compared with 2021 figures. Over the period under review, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports of reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of furnishing articles, furniture and cushion covers shrank modestly to $X in 2022. In general, exports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 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

Tanzania was the major exporter of furnishing articles, furniture and cushion covers in Africa, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Tunisia (X tons), South Africa (X tons), Kenya (X tons) and Lesotho (X tons), together constituting a X% share of total exports. Egypt (X tons) followed a long way behind the leaders.

Exports from Tanzania decreased at an average annual rate of X% from 2012 to 2022. At the same time, Kenya (X%), Lesotho (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kenya, Lesotho and South Africa 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, Tanzania ($X), Lesotho ($X) and Tunisia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Egypt, South Africa and Kenya lagged somewhat behind, together comprising a further X%.

Kenya, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 2022, shrinking by X% against the previous year. In general, the export price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then reduced remarkably in the following year.

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 Lesotho ($X per ton), while Kenya ($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.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports in Africa

Imports of furnishing articles, furniture and cushion covers dropped notably to X tons in 2022, shrinking by X% compared with 2021. Total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, imports of furnishing articles, furniture and cushion covers reduced dramatically to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ethiopia (X tons), Democratic Republic of the Congo (X tons), Cameroon (X tons), Kenya (X tons), South Africa (X tons) and Rwanda (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Angola (X tons), mixing up a X% share of total imports. Madagascar (X tons), Tanzania (X tons), Togo (X tons), Uganda (X tons), Ghana (X tons) and Malawi (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ethiopia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest furnishing article, furniture and cushion cover importing markets in Africa were Ethiopia ($X), Cameroon ($X) and South Africa ($X), together comprising X% of total imports. Rwanda, Kenya, Democratic Republic of the Congo, Uganda, Ghana, Madagascar, Tanzania, Togo, Malawi and Angola lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Togo, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Ghana ($X per ton), while Angola ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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