Central Asia: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Central Asia

The Central Asian metal office furniture market expanded sharply to $X in 2022, with an increase of 15% against the previous year. Overall, consumption, however, saw a slight downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Metal Office Furniture Production in Central Asia

In value terms, metal office furniture production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 2,161,958%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Metal Office Furniture Exports

Exports in Central Asia

In 2022, overseas shipments of metal office furniture increased by 108% to X tons, rising for the third year in a row after two years of decline. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 381%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, metal office furniture exports soared to $X in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 676%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Kazakhstan was the main exporter of metal office furniture in Central Asia, with the volume of exports finishing at X tons, which was near 77% of total exports in 2022. It was distantly followed by Kyrgyzstan (X tons) and Uzbekistan (X tons), together making up a 23% share of total exports.

Kazakhstan was also the fastest-growing in terms of the metal office furniture exports, with a CAGR of +69.6% from 2012 to 2022. At the same time, Kyrgyzstan (+29.1%) displayed positive paces of growth. By contrast, Uzbekistan (-10.1%) illustrated a downward trend over the same period. Kazakhstan (+67 p.p.) and Uzbekistan (+10 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by -10.5% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) emerged as the largest metal office furniture supplier in Central Asia, comprising 76% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 14% share of total exports.

In Kazakhstan, metal office furniture exports expanded at an average annual rate of +76.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (+45.6% per year) and Uzbekistan (-16.8% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, surging by 18% against the previous year. Overall, the export price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2019 an increase of 80%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+12.8%), while the other leaders experienced mixed trends in the export price figures.

Metal Office Furniture Imports

Imports in Central Asia

In 2022, approx. X tons of metal office furniture were imported in Central Asia; increasing by 10% against the previous year's figure. In general, imports, however, continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 65% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, metal office furniture imports soared to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 58% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan was the largest importer of metal office furniture in Central Asia, with the volume of imports finishing at X tons, which was near 63% of total imports in 2022. It was distantly followed by Uzbekistan (X tons), Mongolia (X tons) and Turkmenistan (X tons), together committing a 32% share of total imports. Tajikistan (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal office furniture imports into Kazakhstan stood at -1.7%. At the same time, Uzbekistan (+27.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +27.5% from 2012-2022. By contrast, Kyrgyzstan (-1.3%), Mongolia (-7.0%), Tajikistan (-9.8%) and Turkmenistan (-10.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Kazakhstan increased by +15 and +5.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported metal office furniture in Central Asia, comprising 64% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 19% share of total imports. It was followed by Turkmenistan, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan was relatively modest. In the other countries, the average annual rates were as follows: Uzbekistan (+33.7% per year) and Turkmenistan (-10.9% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2020 an increase of 27%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the near future.

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 Kyrgyzstan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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