Central Asia: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Central Asia

In 2021, the Central Asian wooden office furniture market increased by 24% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wooden Office Furniture Production in Central Asia

In value terms, wooden office furniture production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 191% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Wooden Office Furniture Exports

Exports in Central Asia

After three years of decline, shipments abroad of wooden furniture of a kind used in offices increased by 74% to X units in 2021. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 5,503%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden office furniture exports dropped dramatically to $X in 2021. In general, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 3,846%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Kazakhstan (X units) was the key exporter of wooden furniture of a kind used in offices, making up 59% of total exports. Uzbekistan (X units) ranks second in terms of the total exports with a 28% share, followed by Turkmenistan (6.3%). Mongolia (X units) held a little share of total exports.

Exports from Kazakhstan increased at an average annual rate of +18.4% from 2012 to 2021. At the same time, Mongolia (+41.0%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +41.0% from 2012-2021. Turkmenistan experienced a relatively flat trend pattern. By contrast, Uzbekistan (-64.1%) illustrated a downward trend over the same period. Uzbekistan (+28 p.p.), Kazakhstan (+7.5 p.p.), Turkmenistan (+6.3 p.p.) and Mongolia (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) emerged as the largest wooden office furniture supplier in Central Asia, comprising 70% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 23% share of total exports. It was followed by Turkmenistan, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +20.8%. In the other countries, the average annual rates were as follows: Uzbekistan (-68.0% per year) and Turkmenistan (+12.9% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, declining by -67.1% against the previous year. In general, the export price, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2020 when the export price increased by 384% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.1%), while the other leaders experienced a decline in the export price figures.

Wooden Office Furniture Imports

Imports in Central Asia

After three years of decline, overseas purchases of wooden furniture of a kind used in offices increased by 47% to X units in 2021. Over the period under review, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 59%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, wooden office furniture imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt decline. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Kazakhstan was the major importing country with an import of around X units, which reached 56% of total imports. Turkmenistan (X units) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (13%) and Mongolia (12%). Tajikistan (X units) and Kyrgyzstan (X units) held a little share of total imports.

Imports into Kazakhstan decreased at an average annual rate of -4.1% from 2012 to 2021. At the same time, Uzbekistan (+15.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +15.0% from 2012-2021. By contrast, Mongolia (-4.9%), Tajikistan (-11.4%), Turkmenistan (-13.3%) and Kyrgyzstan (-19.6%) illustrated a downward trend over the same period. While the share of Uzbekistan (+13 p.p.) and Kazakhstan (+8.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tajikistan (-2.4 p.p.), Kyrgyzstan (-4.7 p.p.) and Turkmenistan (-15.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported wooden furniture of a kind used in offices in Central Asia, comprising 59% of total imports. The second position in the ranking was taken by Turkmenistan ($X), with a 15% share of total imports. It was followed by Uzbekistan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan stood at -5.0%. The remaining importing countries recorded the following average annual rates of imports growth: Turkmenistan (-12.7% per year) and Uzbekistan (-1.8% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, declining by -5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 26% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Kyrgyzstan ($X per unit) and Turkmenistan ($X per unit), while Mongolia ($X per unit) and Tajikistan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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