CIS: Wooden Frame Market 2024

Wooden Frame Market Size in CIS

In 2021, after two years of decline, there was significant growth in the CIS wooden frame market, when its value increased by 10% to $X. Overall, consumption, however, faced a deep setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Wooden Frame Production in CIS

In value terms, wooden frame production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 19%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Wooden Frame Exports

Exports in CIS

In 2021, shipments abroad of wooden frames for paintings, photographs, mirrors or similar objects decreased by -15.5% to X units, falling for the third consecutive year after four years of growth. Over the period under review, exports, however, showed a moderate expansion. The growth pace was the most rapid in 2017 with an increase of 230%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wooden frame exports skyrocketed to $X in 2021. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 277%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Belarus (X units) and Russia (X units) prevails in exports structure, together constituting 97% of total exports. Moldova (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +43.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest wooden frame supplying countries in the CIS were Russia ($X), Belarus ($X) and Moldova ($X), with a combined 100% share of total exports.

In terms of the main exporting countries, Belarus, with a CAGR of +36.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, with an increase of 53% against the previous year. In general, the export price showed strong growth. The most prominent rate of growth was recorded in 2020 an increase of 81%. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+26.9%), while the other leaders experienced mixed trends in the export price figures.

Wooden Frame Imports

Imports in CIS

After two years of decline, purchases abroad of wooden frames for paintings, photographs, mirrors or similar objects increased by 1.7% to X units in 2021. In general, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 27% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wooden frame imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep reduction. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Kazakhstan (X units), Russia (X units) and Belarus (X units) represented the major importer of wooden frames for paintings, photographs, mirrors or similar objects in the CIS, constituting 83% of total import. Azerbaijan (X units) held the next position in the ranking, followed by Armenia (X units). All these countries together took approx. 9.9% share of total imports. Moldova (X units) and Tajikistan (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Azerbaijan (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported wooden frames for paintings, photographs, mirrors or similar objects in the CIS, comprising 77% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 9.7% share of total imports. It was followed by Belarus, with a 6.6% share.

In Russia, wooden frame imports shrank by an average annual rate of -10.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-1.0% per year) and Belarus (+0.1% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, with an increase of 38% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when the import price increased by 100%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+26.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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