Africa's MDF Market Report 2024 - Prices, Size, Forecast, and Companies

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After two years of decline, the African MDF market increased by 23% to $X in 2021. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In value terms, MDF production soared to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 26%. The level of production peaked in 2021 and is likely to continue growth in the immediate term.

For the sixth year in a row, Africa recorded growth in overseas shipments of MDF, which increased by 23% to X cubic meters in 2021. In general, exports recorded resilient growth. The growth pace was the most rapid in 2017 with an increase of 31%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, MDF exports skyrocketed to $X in 2021. Over the period under review, exports recorded strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 45%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

In 2021, South Africa (X cubic meters) represented the key exporter of MDF, making up 43% of total exports. Malawi (X cubic meters) held a 26% share (based on physical terms) of total exports, which put it in second place, followed by Uganda (14%) and Tunisia (8.5%). Egypt (X cubic meters) and Swaziland (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Swaziland (with a CAGR of +55.9%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest MDF supplier in Africa, comprising 48% of total exports. The second position in the ranking was taken by Malawi ($X), with a 20% share of total exports. It was followed by Uganda, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to +12.7%. In the other countries, the average annual rates were as follows: Malawi (+8.9% per year) and Uganda (+38.5% per year).

The export price in Africa stood at $X per cubic meter in 2021, growing by 16% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Tunisia ($X per cubic meter), while Swaziland ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.5%), while the other leaders experienced mixed trends in the export price figures.

In 2021, approx. X cubic meters of MDF were imported in Africa; increasing by 17% on 2020 figures. In general, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 24%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, MDF imports surged to $X in 2021. Over the period under review, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In 2021, Egypt (X cubic meters), distantly followed by Algeria (X cubic meters), Tunisia (X cubic meters), Morocco (X cubic meters), South Africa (X cubic meters) and Sudan (X cubic meters) were the main importers of MDF, together creating 82% of total imports. Kenya (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +25.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported MDF in Africa, comprising 32% of total imports. The second position in the ranking was taken by Morocco ($X), with a 16% share of total imports. It was followed by Tunisia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Egypt amounted to +12.6%. In the other countries, the average annual rates were as follows: Morocco (+27.8% per year) and Tunisia (+4.9% per year).

In 2021, the import price in Africa amounted to $X per cubic meter, surging by 15% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per cubic meter), while Sudan ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the mdf market in Africa. 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.

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:

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.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Importers on The Market and How They Succeed

The Largest Exporters on The Market and How They Succeed

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles

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