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Ethiopia - Metal Complete And Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMetal Domestic Furniture Price in Ethiopia - 2022
Contents:
- Metal Domestic Furniture Price in Ethiopia (CIF) - 2022
- Metal Domestic Furniture Price in Ethiopia (FOB) - 2022
- Metal Domestic Furniture Imports in Ethiopia
- Metal Domestic Furniture Exports in Ethiopia
Metal Domestic Furniture Price in Ethiopia (CIF) - 2022
The average metal domestic furniture import price stood at $6,128 per ton in 2022, jumping by 31% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal domestic furniture import price increased by +91.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 47% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($15,202 per ton), while the price for Thailand ($381 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Domestic Furniture Price in Ethiopia (FOB) - 2022
In 2022, the average metal domestic furniture export price amounted to $3,541 per ton, jumping by 15% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 25%. The export price peaked at $7,624 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($9,433 per ton), while the average price for exports to Portugal ($83 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Domestic Furniture Imports in Ethiopia
In 2022, supplies from abroad of metal furniture decreased by -36.7% to 1.9K tons, falling for the second year in a row after two years of growth. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. As a result, imports attained the peak of 3.8K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, metal domestic furniture imports reduced dramatically to $12M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. As a result, imports reached the peak of $14M, and then contracted sharply in the following year.
Import of Metal Domestic Furniture in Ethiopia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.0 | 7.0 | 7.3 | 5.0 | 0.0% |
Italy | 0.9 | 0.7 | 4.5 | 0.8 | -3.9% |
Turkey | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
India | 3.3 | 0.1 | 0.1 | 0.1 | -68.8% |
Thailand | N/A | N/A | N/A | N/A | 0% |
United Arab Emirates | 0.2 | 0.4 | 0.5 | N/A | 58.1% |
Others | 1.2 | 3.6 | 1.4 | 5.4 | 65.1% |
Total | 10.8 | 12.1 | 14.1 | 11.7 | 2.7% |
Top Suppliers of Metal Domestic Furniture to Ethiopia in 2022:
- China (1127.3 tons)
- Turkey (78.5 tons)
- Italy (54.2 tons)
- Thailand (29.5 tons)
- India (13.2 tons)
- United Arab Emirates (4.8 tons)
Metal Domestic Furniture Exports in Ethiopia
In 2022, approx. 3.9 tons of metal furniture were exported from Ethiopia; increasing by 7.7% compared with 2021. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 738% against the previous year. As a result, the exports attained the peak of 40 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, metal domestic furniture exports skyrocketed to $14K in 2022. Over the period under review, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 659% against the previous year. As a result, the exports attained the peak of $138K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Metal Domestic Furniture in Ethiopia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Djibouti | N/A | 159 | 109 | 2,804 | 319.9% |
Germany | 105 | N/A | 305 | 1,618 | 148.8% |
Georgia | N/A | N/A | N/A | 1,132 | 0% |
Gambia | N/A | N/A | N/A | 1,091 | 0% |
Egypt | 2,723 | N/A | N/A | 1,022 | -27.9% |
Belgium | 63.0 | N/A | 3,811 | 847 | 137.8% |
United Arab Emirates | N/A | N/A | 249 | 458 | 83.9% |
Turkey | 1,685 | N/A | N/A | 445 | -35.8% |
Mozambique | 83.0 | 910 | 7.0 | 252 | 44.8% |
South Africa | 152 | N/A | 99.0 | 97.0 | -13.9% |
France | N/A | 15.0 | 97.0 | 95.0 | 151.7% |
Italy | 1,067 | N/A | N/A | 51.0 | -63.7% |
Portugal | N/A | N/A | N/A | 10.0 | 0% |
Others | 12,329 | 137,026 | 6,520 | 3,977 | -31.4% |
Total | 18,207 | 138,110 | 11,197 | 13,899 | -8.6% |
Top Export Markets for Metal Domestic Furniture from Ethiopia in 2022:
- United Arab Emirates (758.0 kg)
- Djibouti (554.0 kg)
- Mozambique (279.0 kg)
- Germany (250.0 kg)
- Belgium (233.0 kg)
- Egypt (173.0 kg)
- South Africa (126.0 kg)
- Gambia (122.0 kg)
- France (122.0 kg)
- Georgia (120.0 kg)
- Portugal (120.0 kg)
- Italy (105.0 kg)
- Turkey (99.0 kg)
This report provides an in-depth analysis of the metal domestic furniture market in Ethiopia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers
Country coverage:
- Ethiopia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ethiopia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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