Central Asia: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Central Asia

The Central Asian metal domestic furniture market fell to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. The level of consumption peaked at $X in 2021, and then reduced modestly in the following year.

Metal Domestic Furniture Production in Central Asia

In value terms, metal domestic furniture production declined slightly to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metal Domestic Furniture Exports

Exports in Central Asia

For the third consecutive year, Central Asia recorded growth in shipments abroad of metal furniture, which increased by X% to X tons in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal domestic furniture exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan was the largest exporting country with an export of around X tons, which amounted to X% of total exports. Kazakhstan (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (X%).

From 2012 to 2022, average annual rates of growth with regard to metal domestic furniture exports from Kyrgyzstan stood at X%. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kyrgyzstan and Uzbekistan increased by X and X percentage points, respectively.

In value terms, the largest metal domestic furniture supplying countries in Central Asia were Kyrgyzstan ($X), Kazakhstan ($X) and Uzbekistan ($X), with a combined X% share of total exports.

Among the main exporting countries, Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Metal Domestic Furniture Imports

Imports in Central Asia

In 2022, metal domestic furniture imports in Central Asia soared to X tons, rising by X% compared with 2021. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, metal domestic furniture imports amounted to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Kazakhstan represented the largest importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Uzbekistan (X tons), Mongolia (X tons) and Turkmenistan (X tons), together mixing up a X% share of total imports. The following importers - Tajikistan (X tons) and Kyrgyzstan (X tons) - each resulted at a X% share of total imports.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Turkmenistan (X%), Kyrgyzstan (X%) and Tajikistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.), Kyrgyzstan (X p.p.), Turkmenistan (X p.p.) and Tajikistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price saw a slight contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkmenistan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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