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

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

The SADC market for furnishing articles, furniture and cushion covers reached $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Furnishing Articles, Furniture and Cushion Covers in SADC

In value terms, production of furnishing articles, furniture and cushion covers expanded modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2012; afterwards, it flattened through to 2022.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports in SADC

In 2022, approx. X tons of furnishing articles, furniture and cushion covers were exported in SADC; growing by X% against 2021 figures. In general, exports, however, showed a perceptible reduction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked 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 soared to $X in 2022. Over the period under review, exports, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania prevails in covers structure, amounting to X tons, which was approx. X% of total exports in 2022. South Africa (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Lesotho (X%).

Exports from Tanzania decreased at an average annual rate of X% from 2012 to 2022. At the same time, Lesotho (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Lesotho and South Africa increased by X and X percentage points, respectively.

In value terms, Tanzania ($X), Lesotho ($X) and South Africa ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Lesotho, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lesotho ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports in SADC

In 2022, supplies from abroad of furnishing articles, furniture and cushion covers increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a perceptible expansion 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 most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of furnishing articles, furniture and cushion covers shrank dramatically to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Democratic Republic of the Congo (X tons), distantly followed by South Africa (X tons), Angola (X tons), Madagascar (X tons) and Tanzania (X tons) were the major importers of furnishing articles, furniture and cushion covers, together mixing up X% of total imports. The following importers - Malawi (X tons) and Zimbabwe (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Zimbabwe (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported furnishing articles, furniture and cushion covers in SADC, comprising X% of total imports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total imports. It was followed by Madagascar, with an X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (X% per year) and Madagascar (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a perceptible shrinkage. The pace of growth was the most pronounced 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 ton, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :