Central Asia: Plastic Furniture Market 2024

Plastic Furniture Market Size in Central Asia

In 2021, the Central Asian plastic furniture market increased by 26% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption recorded a strong increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Plastic Furniture Production in Central Asia

In value terms, plastic furniture production totaled $X in 2021 estimated in export price. Over the period under review, production posted a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 98% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Plastic Furniture Exports

Exports in Central Asia

In 2021, plastic furniture exports in Central Asia skyrocketed to X units, with an increase of 157% against the previous year. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 663% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, plastic furniture exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 506% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

In 2021, Kazakhstan (X units) was the key exporter of furniture of plastic, making up 80% of total exports. It was distantly followed by Uzbekistan (X units), creating a 15% share of total exports. The following exporters - Tajikistan (X units) and Turkmenistan (X units) - together made up 4.7% of total exports.

From 2012 to 2021, average annual rates of growth with regard to plastic furniture exports from Kazakhstan stood at +20.2%. At the same time, Turkmenistan (+79.9%), Tajikistan (+48.4%) and Uzbekistan (+14.6%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +79.9% from 2012-2021. Uzbekistan (+15 p.p.), Turkmenistan (+2.2 p.p.) and Tajikistan (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -15.1% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) remains the largest plastic furniture supplier in Central Asia, comprising 87% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 10% share of total exports. It was followed by Tajikistan, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +29.6%. In the other countries, the average annual rates were as follows: Uzbekistan (+61.6% per year) and Tajikistan (+41.3% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, shrinking by -10.1% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 159% against the previous year. The level of export peaked at $X per unit in 2020, and then contracted in the following year.

Prices varied noticeably country of origin: the country with the highest price was Kazakhstan ($X per unit), while Turkmenistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+41.0%), while the other leaders experienced mixed trends in the export price figures.

Plastic Furniture Imports

Imports in Central Asia

In 2021, imports of furniture of plastic in Central Asia soared to X units, jumping by 24% against 2020 figures. In general, imports showed a strong expansion. The growth pace was the most rapid in 2019 with an increase of 85% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, plastic furniture imports surged to $X in 2021. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 158% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Kazakhstan (X units) was the major importer of furniture of plastic, creating 71% of total imports. Uzbekistan (X units) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Mongolia (9.6%). The following importers - Turkmenistan (X units), Kyrgyzstan (X units) and Tajikistan (X units) - each accounted for a 6.3% share of total imports.

Imports into Kazakhstan increased at an average annual rate of +17.0% from 2012 to 2021. At the same time, Uzbekistan (+90.7%), Mongolia (+4.7%) and Tajikistan (+4.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +90.7% from 2012-2021. By contrast, Kyrgyzstan (-5.9%) and Turkmenistan (-6.2%) illustrated a downward trend over the same period. While the share of Kazakhstan (+18 p.p.) and Uzbekistan (+14 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tajikistan (-1.8 p.p.), Kyrgyzstan (-9.5 p.p.), Mongolia (-9.8 p.p.) and Turkmenistan (-10.8 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported furniture of plastic in Central Asia, comprising 73% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 14% share of total imports. It was followed by Kyrgyzstan, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +14.3%. In the other countries, the average annual rates were as follows: Uzbekistan (+115.4% per year) and Kyrgyzstan (+2.9% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, increasing by 2.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by 39%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Kyrgyzstan ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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