Kazakhstan: Wooden Frame Market 2024

Wooden Frame Market Size in Kazakhstan

The Kazakh wooden frame market soared to $X in 2022, picking up by 113% 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). In general, consumption, however, showed a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Wooden Frame Exports

Exports from Kazakhstan

In 2022, approx. X units of wooden frames for paintings, photographs, mirrors or similar objects were exported from Kazakhstan; with an increase of 65% compared with 2021 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 4,213%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wooden frame exports skyrocketed to $X in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 2,633%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for wooden frame exports from Kazakhstan, with a 96% share of total exports. It was followed by the United States (X units), with a 2.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +80.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.5% per year) and Turkey (-24.7% per year).

In value terms, Russia ($X) emerged as the key foreign market for wooden frames for paintings, photographs, mirrors or similar objects exports from Kazakhstan, comprising 97% of total exports. The second position in the ranking was taken by the United States ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +79.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.6% per year) and Turkey (-26.5% per year).

Export Prices by Country

The average wooden frame export price stood at $X per unit in 2022, with a decrease of -28.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 139%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.8%), while the prices for the other major destinations experienced a decline.

Wooden Frame Imports

Imports into Kazakhstan

In 2022, approx. X units of wooden frames for paintings, photographs, mirrors or similar objects were imported into Kazakhstan; jumping by 191% compared with the previous year's figure. Over the period under review, imports, however, showed a abrupt setback. 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 imports surged to $X in 2022. Overall, imports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 97% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame supplier to Kazakhstan, accounting for a 80% share of total imports. Moreover, wooden frame imports from China exceeded the figures recorded by the second-largest supplier, Macao SAR (X units), eightfold. The third position in this ranking was taken by Russia (X units), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Macao SAR (+39.8% per year) and Russia (+15.9% per year).

In value terms, China ($X) constituted the largest supplier of wooden frames for paintings, photographs, mirrors or similar objects to Kazakhstan, comprising 76% of total imports. The second position in the ranking was taken by Russia ($X), with a 19% share of total imports. It was followed by Macao SAR, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+18.1% per year) and Macao SAR (-18.8% per year).

Import Prices by Country

In 2022, the average wooden frame import price amounted to $X per unit, waning by -35.2% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame import price decreased by -36.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 43% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Macao SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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