Central Asia: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Central Asia

The Central Asian metal frame upholstered seat market soared to $X in 2021, rising by 23% against the previous year. The total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +17.9% against 2018 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Upholstered Seats With Metal Frames in Central Asia

In value terms, metal frame upholstered seat production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 35%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Upholstered Seats With Metal Frames

Exports in Central Asia

In 2021, exports of upholstered seats with metal frames in Central Asia surged to X units, with an increase of 26% against 2020 figures. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 360% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal frame upholstered seat exports soared to $X in 2021. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2015 with an increase of 474%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Kazakhstan (X units) was the key exporter of upholstered seats with metal frames, creating 62% of total exports. Uzbekistan (X units) ranks second in terms of the total exports with a 25% share, followed by Kyrgyzstan (12%).

From 2012 to 2021, average annual rates of growth with regard to metal frame upholstered seat exports from Kazakhstan stood at +31.5%. At the same time, Uzbekistan (+351.9%) and Kyrgyzstan (+22.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +351.9% from 2012-2021. While the share of Uzbekistan (+25 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-9.2 p.p.) and Kyrgyzstan (-14.4 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) emerged as the largest metal frame upholstered seat supplier in Central Asia, comprising 70% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +30.4%. In the other countries, the average annual rates were as follows: Uzbekistan (+1,000.8% per year) and Kyrgyzstan (+9.9% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, jumping by 17% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 124%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan ($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 (+143.5%), while the other leaders experienced a decline in the export price figures.

Imports of Upholstered Seats With Metal Frames

Imports in Central Asia

Metal frame upholstered seat imports skyrocketed to X units in 2021, jumping by 64% compared with the previous year. In general, imports continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 100%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, metal frame upholstered seat imports soared to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan was the largest importing country with an import of around X units, which amounted to 72% of total imports. It was distantly followed by Uzbekistan (X units) and Mongolia (X units), together generating a 20% share of total imports. Turkmenistan (X units), Kyrgyzstan (X units) and Tajikistan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal frame upholstered seat imports into Kazakhstan stood at +7.0%. At the same time, Uzbekistan (+58.0%) and Turkmenistan (+1.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +58.0% from 2012-2021. By contrast, Kyrgyzstan (-3.2%), Mongolia (-9.1%) and Tajikistan (-16.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan and Uzbekistan increased by +19 and +12 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported upholstered seats with metal frames in Central Asia, comprising 71% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 13% share of total imports. It was followed by Turkmenistan, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at +7.8%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+50.7% per year) and Turkmenistan (-1.7% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, surging by 6.7% against the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal frame upholstered seat import price increased by +20.5% against 2018 indices. The pace of growth appeared the most rapid in 2017 an increase of 40%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkmenistan ($X per unit), while Mongolia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :