CIS: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in CIS

In 2022, the CIS wooden frame upholstered seat market decreased by -29.4% to $X for the first time since 2016, thus ending a five-year rising trend. The total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted dramatically in the following year.

Production of Upholstered Seats With Wooden Frames in CIS

In value terms, wooden frame upholstered seat production rose to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 44%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Upholstered Seats With Wooden Frames

Exports in CIS

In 2022, shipments abroad of upholstered seats with wooden frames increased by 27% to X units, rising for the third consecutive year after two years of decline. Overall, exports recorded buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 96% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, wooden frame upholstered seat exports rose slightly to $X in 2022. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Uzbekistan (X units), Belarus (X units) and Russia (X units) represented roughly 97% of total exports in 2022. Moldova (X units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan (with a CAGR of +48.1%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) remains the largest wooden frame upholstered seat supplier in the CIS, comprising 80% of total exports. The second position in the ranking was held by Russia ($X), with a 12% share of total exports. It was followed by Moldova, with a 5.6% share.

In Belarus, wooden frame upholstered seat exports increased at an average annual rate of +10.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+8.5% per year) and Moldova (-0.4% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, declining by -17.6% against the previous year. In general, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+5.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Upholstered Seats With Wooden Frames

Imports in CIS

In 2022, approx. X units of upholstered seats with wooden frames were imported in the CIS; reducing by -3.2% on the previous year. Overall, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wooden frame upholstered seat imports expanded slightly to $X in 2022. Over the period under review, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia was the key importer of upholstered seats with wooden frames in the CIS, with the volume of imports accounting for X units, which was near 62% of total imports in 2022. It was distantly followed by Kazakhstan (X units), Belarus (X units) and Moldova (X units), together generating a 28% share of total imports. Armenia (X units), Azerbaijan (X units) and Uzbekistan (X units) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of -4.2% from 2012 to 2022. At the same time, Uzbekistan (+30.9%), Belarus (+14.0%), Azerbaijan (+5.0%), Moldova (+4.6%) and Armenia (+2.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +30.9% from 2012-2022. By contrast, Kazakhstan (-4.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus, Moldova, Uzbekistan and Azerbaijan increased by +5.2, +2.6, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Kazakhstan ($X) and Belarus ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 81% share of total imports. Azerbaijan, Armenia, Uzbekistan and Moldova lagged somewhat behind, together comprising a further 16%.

Uzbekistan, with a CAGR of +22.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, growing by 7.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 34% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+15.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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