CIS: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in CIS

In 2022, the CIS metal office furniture market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the market value increased by 5.1% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Office Furniture Production in CIS

In value terms, metal office furniture production expanded slightly to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 6.4% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Office Furniture Exports

Exports in CIS

In 2022, exports of metal office furniture in the CIS contracted to X tons, which is down by -3.7% compared with 2021. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 59% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, metal office furniture exports reduced to $X in 2022. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 106% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Russia (X tons) and Belarus (X tons) dominates exports structure, together mixing up 96% of total exports. Kazakhstan (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kazakhstan (with a CAGR of +69.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest metal office furniture supplying countries in the CIS were Belarus ($X), Russia ($X) and Kazakhstan ($X), together accounting for 98% of total exports.

Among the main exporting countries, Kazakhstan, with a CAGR of +76.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, falling by -3.5% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal office furniture export price increased by +85.4% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 56% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+5.3%), while the other leaders experienced mixed trends in the export price figures.

Metal Office Furniture Imports

Imports in CIS

In 2022, approx. X tons of metal office furniture were imported in the CIS; almost unchanged from the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, metal office furniture imports reached $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 39%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the major importer of metal office furniture in the CIS, with the volume of imports resulting at X tons, which was near 47% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), Belarus (X tons) and Uzbekistan (X tons), together generating a 43% share of total imports. The following importers - Azerbaijan (X tons), Moldova (X tons) and Armenia (X tons) - together made up 8.1% of total imports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +27.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported metal office furniture in the CIS, comprising 53% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 23% share of total imports. It was followed by Belarus, with an 8.2% share.

In Russia, metal office furniture imports declined by an average annual rate of -2.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+0.1% per year) and Belarus (+2.4% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, leveling off at the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 17%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Moldova ($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 (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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