SADC: Plastic Furniture Market 2024

Plastic Furniture Market Size in SADC

The SADC plastic furniture market rose remarkably to $X in 2023, growing by X% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Plastic Furniture Production in SADC

In value terms, plastic furniture production totaled $X in 2023 estimated in export price. The total production indicated a strong 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Plastic Furniture Exports

Exports in SADC

For the third consecutive year, SADC recorded growth in overseas shipments of furniture of plastic, which increased by X% to X units in 2023. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, plastic furniture exports skyrocketed to $X in 2023. Over the period under review, exports, however, saw a mild slump. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

South Africa represented the major exporter of furniture of plastic in SADC, with the volume of exports finishing at X units, which was near X% of total exports in 2023. It was distantly followed by Tanzania (X units), comprising a X% share of total exports. Zimbabwe (X units) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of furniture of plastic. At the same time, Zimbabwe (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Tanzania (X p.p.), South Africa (X p.p.) and Zimbabwe (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic furniture supplying countries in SADC were South Africa ($X), Tanzania ($X) and Zimbabwe ($X), together accounting for X% of total exports.

Zimbabwe, 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 2023, the export price in SADC amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, saw a slight setback. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while Zimbabwe ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the export price figures.

Plastic Furniture Imports

Imports in SADC

In 2023, the amount of furniture of plastic imported in SADC amounted to X units, increasing by X% compared with 2022 figures. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X units. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, plastic furniture imports contracted to $X in 2023. Over the period under review, imports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

South Africa was the main importer of furniture of plastic in SADC, with the volume of imports reaching X units, which was approx. X% of total imports in 2023. Mauritius (X units) took the second position in the ranking, followed by Mozambique (X units), Tanzania (X units), Democratic Republic of the Congo (X units), Botswana (X units) and Namibia (X units). All these countries together held approx. X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to plastic furniture imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%), Botswana (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Mauritius experienced a relatively flat trend pattern. By contrast, Tanzania (X%) and Namibia (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Democratic Republic of the Congo (X p.p.) and Botswana (X p.p.) significantly strengthened its position in terms of the total imports, while Tanzania and Namibia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Democratic Republic of the Congo ($X) and Mauritius ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, saw 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 2023, the import price in SADC amounted to $X per unit, reducing by X% against the previous year. Overall, the import price showed a perceptible decrease. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform