CIS: Plastic Furniture Market 2024

Plastic Furniture Market Size in CIS

In 2021, the CIS plastic furniture market increased by 29% to $X, rising for the fifth year in a row after three years of decline. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +83.0% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plastic Furniture Production in CIS

In value terms, plastic furniture production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 47%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Plastic Furniture Exports

Exports in CIS

Plastic furniture exports surged to X units in 2021, with an increase of 49% against the previous year. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 158% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, plastic furniture exports surged to $X in 2021. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 141% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

In 2021, Russia (X units) represented the key exporter of furniture of plastic, generating 71% of total exports. Belarus (X units) ranks second in terms of the total exports with a 13% share, followed by Kazakhstan (13%). Uzbekistan (X units) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the furniture of plastic exports, with a CAGR of +24.3% from 2012 to 2021. At the same time, Kazakhstan (+20.2%), Uzbekistan (+14.6%) and Belarus (+9.5%) displayed positive paces of growth. From 2012 to 2021, the share of Russia and Uzbekistan increased by +19 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest plastic furniture supplier in the CIS, comprising 74% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 15% share of total exports. It was followed by Belarus, with an 8.6% share.

In Russia, plastic furniture exports increased at an average annual rate of +23.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+29.6% per year) and Belarus (+15.0% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, picking up by 5.3% against the previous year. Export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic furniture export price increased by +58.5% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 43%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Kazakhstan ($X per unit), while Belarus ($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 (+41.0%), while the other leaders experienced more modest paces of growth.

Plastic Furniture Imports

Imports in CIS

In 2021, purchases abroad of furniture of plastic increased by 28% to X units, rising for the fifth consecutive year after three years of decline. Overall, imports posted a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 32%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, plastic furniture imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2019 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Russia was the major importing country with an import of around X units, which accounted for 63% of total imports. It was distantly followed by Kazakhstan (X units), constituting a 21% share of total imports. Belarus (X units), Uzbekistan (X units), Azerbaijan (X units) and Moldova (X units) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to plastic furniture imports into Russia stood at +6.1%. At the same time, Uzbekistan (+90.7%), Kazakhstan (+17.0%), Belarus (+11.6%), Azerbaijan (+9.7%) and Moldova (+5.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +90.7% from 2012-2021. From 2012 to 2021, the share of Kazakhstan and Uzbekistan increased by +11 and +4.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported furniture of plastic in the CIS, comprising 61% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 22% share of total imports. It was followed by Belarus, with a 4.4% share.

In Russia, plastic furniture imports expanded at an average annual rate of +3.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+14.3% per year) and Belarus (+6.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, increasing by 1.6% against the previous year. In general, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the import price increased by 11% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Moldova ($X per unit) and Uzbekistan ($X per unit), while Azerbaijan ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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