CIS: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in CIS

The CIS metal domestic furniture market declined to $X in 2022, waning by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Metal Domestic Furniture Production in CIS

In value terms, metal domestic furniture production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Metal Domestic Furniture Exports

Exports in CIS

In 2022, after three years of growth, there was significant decline in overseas shipments of metal furniture, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank remarkably in the following year.

In value terms, metal domestic furniture exports fell notably to $X in 2022. In general, exports, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

In 2022, Russia (X tons) represented the major exporter of metal furniture, comprising X% of total exports. It was distantly followed by Kyrgyzstan (X tons), making up a X% share of total exports. The following exporters - Kazakhstan (X tons) and Armenia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal domestic furniture exports from Russia stood at X%. At the same time, Kyrgyzstan (X%), Armenia (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Russia, Kyrgyzstan and Kazakhstan increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest metal domestic furniture supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Kyrgyzstan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the export price figures.

Metal Domestic Furniture Imports

Imports in CIS

In 2022, after five years of growth, there was significant decline in supplies from abroad of metal furniture, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted remarkably in the following year.

In value terms, metal domestic furniture imports dropped remarkably to $X in 2022. Over the period under review, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, Russia (X tons) was the key importer of metal furniture, committing X% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Uzbekistan (X%). Azerbaijan (X tons), Moldova (X tons) and Armenia (X tons) took a minor share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of metal furniture. At the same time, Uzbekistan (X%), Azerbaijan (X%), Armenia (X%), Moldova (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Uzbekistan (X p.p.), Kazakhstan (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, which is down by X% against the previous year. In general, the import price recorded a slight reduction. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Moldova ($X per ton) and Uzbekistan ($X per ton), while Armenia ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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