Central Asia: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Central Asia

In 2022, after three years of growth, there was significant decline in the Central Asian wooden furniture treatments market, when its value decreased by -7.6% to $X. Over the period under review, consumption showed a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in Central Asia

In value terms, wooden furniture treatments production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by 49%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports in Central Asia

In 2022, the amount of polishes and creams for wooden furniture and floors exported in Central Asia skyrocketed to X kg, with an increase of 54% against 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,252%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, wooden furniture treatments exports shrank rapidly to $X in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 309% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan dominates exports structure, resulting at X kg, which was approx. 95% of total exports in 2022. It was distantly followed by Uzbekistan (X kg), making up a 5.1% share of total exports.

Kazakhstan was also the fastest-growing in terms of the polishes and creams for wooden furniture and floors exports, with a CAGR of +22.7% from 2012 to 2022. At the same time, Uzbekistan (+4.8%) displayed positive paces of growth. Uzbekistan (+5.1 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -5.1% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest wooden furniture treatments supplier in Central Asia, comprising 97% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at +33.7%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, dropping by -50.8% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 when the export price increased by 253% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.0%).

Wooden Furniture Treatments Imports

Imports in Central Asia

In 2022, wooden furniture treatments imports in Central Asia declined remarkably to X tons, falling by -35% against 2021. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 68%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden furniture treatments imports reduced rapidly to $X in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 49%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X tons), distantly followed by Mongolia (X tons), Uzbekistan (X tons), Turkmenistan (X tons) and Tajikistan (X tons) represented the main importers of polishes and creams for wooden furniture and floors, together mixing up 97% of total imports. Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mongolia (with a CAGR of +8.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported polishes and creams for wooden furniture and floors in Central Asia, comprising 57% of total imports. The second position in the ranking was taken by Mongolia ($X), with a 19% share of total imports. It was followed by Uzbekistan, with a 13% share.

In Kazakhstan, wooden furniture treatments imports contracted by an average annual rate of -10.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mongolia (+7.0% per year) and Uzbekistan (+10.7% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, rising by 2.4% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 an increase of 26%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($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 (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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