Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kenya - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kenya (FOB) - 2022
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kenya
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kenya (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $71 per unit, surging by 9.3% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for furniture; wooden, other than for office, kitchen or bedroom use increased by +116.1% against 2016 indices. The pace of growth was the most pronounced in 2014 an increase of 36%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($88 per unit), while the average price for exports to Burundi ($20 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+17.8%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kenya
In 2022, exports of furniture; wooden, other than for office, kitchen or bedroom use from Kenya soared to 29K units, increasing by 30% against 2021. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use skyrocketed to $2M in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 622 | 652 | 906 | 903 | 13.2% |
| Niger | N/A | N/A | 6.3 | 280 | 4344.4% |
| Ethiopia | 8.4 | 5.4 | 11.2 | 239 | 205.3% |
| Nigeria | N/A | N/A | N/A | 151 | 0% |
| Rwanda | 47.1 | 56.8 | 241 | 104 | 30.2% |
| Tanzania | 43.8 | 37.2 | 18.1 | 96.1 | 29.9% |
| Burundi | 1.5 | 9.9 | 32.4 | 39.7 | 198.0% |
| Democratic Republic of the Congo | 0.1 | 39.8 | 31.4 | 24.0 | 521.4% |
| Uganda | 54.4 | 17.7 | 24.9 | N/A | -32.3% |
| Others | 75.8 | 70.2 | 159 | 199 | 38.0% |
| Total | 853 | 889 | 1,431 | 2,036 | 33.6% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Kenya in 2022:
- United Kingdom (12.6K units)
- Niger (3.6K units)
- Ethiopia (2.9K units)
- Burundi (2.0K units)
- Nigeria (1.9K units)
- Rwanda (1.3K units)
- Tanzania (1.2K units)
- Democratic Republic of the Congo (0.3K units)
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