Kazakhstan: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Kazakhstan

The Kazakh wooden furniture treatments market fell markedly to $X in 2022, declining by -47.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a deep reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from Kazakhstan

In 2022, exports of polishes and creams for wooden furniture and floors from Kazakhstan soared to X kg, growing by 46% on 2021. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 377% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, wooden furniture treatments exports shrank notably to $X in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of 348%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X kg) was the main destination for wooden furniture treatments exports from Kazakhstan, accounting for a 92% share of total exports. Moreover, wooden furniture treatments exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+33.1% per year) and Uzbekistan (+11.6% per year).

In value terms, Russia ($X) emerged as the key foreign market for polishes and creams for wooden furniture and floors exports from Kazakhstan, comprising 70% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+48.4% per year) and Uzbekistan (+13.0% per year).

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2022, waning by -49.6% against the previous year. In general, the export price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 an increase of 68%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Kazakhstan

Wooden furniture treatments imports into Kazakhstan contracted significantly to X tons in 2022, waning by -52.9% compared with 2021 figures. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 65%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports declined sharply to $X in 2022. Overall, imports faced a deep contraction. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest wooden furniture treatments supplier to Kazakhstan, accounting for a 56% share of total imports. Moreover, wooden furniture treatments imports from Russia exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by Austria (X tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.0% per year) and Austria (+33.9% per year).

In value terms, Russia ($X), Italy ($X) and Austria ($X) constituted the largest wooden furniture treatments suppliers to Kazakhstan, with a combined 85% share of total imports.

In terms of the main suppliers, Austria, with a CAGR of +33.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, with an increase of 17% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 21%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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