Outdoor Furniture - Sierra Leone

Sierra Leone

In Sierra Leone, the revenue generated in the Outdoor Furniture market in 2024 amounts to US$1.06m.
It is projected that the market will experience an annual growth rate of 1.11% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, with US$18,450m in 2024.
In terms of per person revenues, in Sierra Leone generates US$0.12 in 2024.
Sierra Leone is experiencing a growing demand for locally-made, sustainable outdoor furniture, reflecting a shift towards supporting local craftsmanship and environmental consciousness.

Key regions: Brazil, China, France, India, Germany

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Analyst Opinion

The Outdoor Furniture market in Sierra Leone is experiencing significant growth due to various factors.

Customer preferences: Customers in Sierra Leone are increasingly looking for outdoor furniture that is both functional and aesthetically pleasing. They prefer furniture that is durable and can withstand the country's hot and humid climate. Additionally, customers are also interested in furniture that is easy to maintain and can be easily moved around as needed.

Trends in the market: One major trend in the Outdoor Furniture market in Sierra Leone is the increasing popularity of outdoor dining sets. With the rise in outdoor entertaining and dining, customers are looking for furniture sets that can accommodate larger groups of people. This trend is driven by the growing middle-class population and the desire to create outdoor spaces for socializing and hosting events. Another trend in the market is the demand for eco-friendly and sustainable outdoor furniture. Customers in Sierra Leone are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from recycled or sustainable materials. This trend is in line with global efforts to promote sustainability and reduce waste.

Local special circumstances: Sierra Leone has a tropical climate, with high temperatures and humidity throughout the year. This poses a challenge for outdoor furniture, as it needs to be able to withstand these conditions without deteriorating quickly. As a result, customers in Sierra Leone are particularly interested in furniture that is made from weather-resistant materials such as teak or aluminum. Additionally, Sierra Leone is a country with a rich cultural heritage and a strong sense of community. Outdoor spaces, such as gardens and patios, play an important role in social gatherings and celebrations. This cultural context contributes to the demand for outdoor furniture that is comfortable and can accommodate larger groups of people.

Underlying macroeconomic factors: Sierra Leone has experienced steady economic growth in recent years, which has contributed to an increase in disposable income and consumer spending. This economic growth has led to an expansion of the middle-class population, who have more purchasing power and are more likely to invest in outdoor furniture. Furthermore, the tourism industry in Sierra Leone is growing, with an increasing number of tourists visiting the country each year. This has created a demand for outdoor furniture in hotels, resorts, and other tourist establishments. The tourism sector has also contributed to the growth of the outdoor furniture market by increasing awareness and demand among both locals and tourists. In conclusion, the Outdoor Furniture market in Sierra Leone is growing due to customer preferences for functional and aesthetically pleasing furniture, as well as the increasing popularity of outdoor dining sets. The demand for eco-friendly and sustainable furniture is also on the rise. Special circumstances, such as the country's tropical climate and cultural context, contribute to the demand for weather-resistant and comfortable furniture. Underlying macroeconomic factors, including economic growth and the expanding tourism industry, further drive the growth of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.