Ethiopia: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Ethiopia

After two years of decline, the Ethiopian metal domestic furniture market increased by X% to $X in 2023. In general, the total consumption indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Metal Domestic Furniture Exports

Exports from Ethiopia

In 2023, shipments abroad of metal furniture decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, metal domestic furniture exports declined notably to $X in 2023. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for metal domestic furniture exports from Ethiopia, accounting for a X% share of total exports. Moreover, metal domestic furniture exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kenya (X kg), more than tenfold. Nigeria (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Nigeria (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for metal furniture exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by Kenya ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Nigeria (X% per year).

Export Prices by Country

The average metal domestic furniture export price stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price saw a mild setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports into Ethiopia

In 2023, overseas purchases of metal furniture were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, metal domestic furniture imports amounted to $X in 2023. Overall, total imports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest metal domestic furniture supplier to Ethiopia, accounting for a X% share of total imports. Moreover, metal domestic furniture imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of metal furniture to Ethiopia, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

The average metal domestic furniture import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal domestic furniture import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform