Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in South Africa - 2024
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in South Africa (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in South Africa (FOB) - 2024
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in South Africa
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in South Africa
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in South Africa (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $21 per unit, reducing by -19% against the previous year. Over the period under review, the import price saw a abrupt decline. The growth pace was the most rapid in 2021 when the average import price increased by 21%. Over the period under review, average import prices attained the peak figure at $40 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($107 per unit), while the price for China ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.3%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in South Africa (FOB) - 2024
In December 2023, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $37.1 per unit, falling by -59.4% against the previous month. Over the period under review, the export price, however, showed tangible growth. The pace of growth was the most pronounced in April 2023 an increase of 193% against the previous month. Over the period under review, the average export prices reached the peak figure at $91.5 per unit in November 2023, and then contracted significantly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Swaziland ($68.1 per unit), while the average price for exports to Zambia ($8.0 per unit) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in South Africa
After two years of decline, purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use increased by 11% to 2.2M units in 2022. Overall, imports, however, showed a deep setback. Over the period under review, imports of reached the maximum at 2.7M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use shrank to $46M in 2022. Over the period under review, imports, however, saw a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 15%. Over the period under review, imports of attained the peak figure at $67M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 33.2 | 22.4 | 25.5 | 19.4 | -16.4% |
Malaysia | 8.1 | 6.4 | 3.9 | 5.4 | -12.6% |
Vietnam | 6.3 | 4.2 | 3.8 | 5.4 | -5.0% |
Spain | 1.7 | 1.5 | 2.2 | 2.7 | 16.7% |
Indonesia | 2.3 | 1.7 | 2.4 | 2.3 | 0.0% |
Brazil | 1.0 | 1.0 | 1.5 | 1.5 | 14.5% |
Others | 14.6 | 6.8 | 11.2 | 8.7 | -15.8% |
Total | 67.2 | 43.9 | 50.5 | 45.5 | -12.2% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to South Africa in 2022:
- China (1690.1K units)
- Malaysia (180.7K units)
- Spain (64.0K units)
- Brazil (61.9K units)
- Vietnam (50.2K units)
- Indonesia (32.9K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in South Africa
In 2022, after two years of decline, there was growth in shipments abroad of furniture; wooden, other than for office, kitchen or bedroom use, when their volume increased by 1.4% to 448K units. Over the period under review, exports, however, recorded a noticeable downturn. Over the period under review, the exports of hit record highs at 507K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use surged to $29M in 2022. In general, exports, however, continue to indicate a noticeable downturn. Over the period under review, the exports of hit record highs at $32M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Namibia | 5.6 | 3.8 | 3.9 | 6.7 | 6.2% |
Botswana | 5.3 | 5.0 | 4.0 | 5.4 | 0.6% |
Zambia | 3.8 | 2.1 | 2.3 | 2.3 | -15.4% |
Zimbabwe | 1.0 | 0.6 | 1.2 | 1.9 | 23.9% |
Lesotho | 2.3 | 1.9 | 1.6 | 1.7 | -9.6% |
Swaziland | 2.1 | 1.8 | 1.8 | 1.6 | -8.7% |
Mauritius | 0.3 | 0.5 | 0.2 | 1.0 | 49.4% |
Democratic Republic of the Congo | 1.4 | 0.6 | 0.9 | 1.0 | -10.6% |
Mozambique | 1.8 | 1.3 | 0.9 | 0.7 | -27.0% |
Tanzania | 0.3 | 0.3 | 0.4 | 0.6 | 26.0% |
Malawi | 0.7 | 1.0 | 0.6 | 0.6 | -5.0% |
United States | 0.6 | 0.9 | 0.5 | 0.6 | 0.0% |
Ghana | 0.4 | 0.6 | 0.3 | 0.5 | 7.7% |
Others | 6.2 | 3.7 | 3.4 | 4.5 | -10.1% |
Total | 31.9 | 24.1 | 22.1 | 29.0 | -3.1% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from South Africa in 2022:
- Namibia (104.5K units)
- Botswana (86.6K units)
- Lesotho (49.5K units)
- Swaziland (35.5K units)
- Zambia (30.9K units)
- Zimbabwe (27.9K units)
- Mozambique (22.0K units)
- Malawi (14.7K units)
- Democratic Republic of the Congo (12.3K units)
- Ghana (9.7K units)
- Tanzania (9.2K units)
- Mauritius (7.3K units)
- United States (5.0K units)
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