Kazakhstan: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Kazakhstan

After four years of decline, the Kazakh wooden office furniture market increased by 19% to $X in 2021. Over the period under review, consumption, however, recorded a deep contraction. Wooden office furniture consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wooden Office Furniture Production in Kazakhstan

In value terms, wooden office furniture production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 89% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Wooden Office Furniture Exports

Exports from Kazakhstan

In 2021, after two years of decline, there was significant growth in overseas shipments of wooden furniture of a kind used in offices, when their volume increased by 275% to X units. In general, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 423% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, wooden office furniture exports soared to $X in 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units), India (X units) and Uzbekistan (X units) were the main destinations of wooden office furniture exports from Kazakhstan, with a combined 77% share of total exports. Georgia, the Netherlands, Tajikistan and Kyrgyzstan lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden office furniture exported from Kazakhstan were Russia ($X), India ($X) and Uzbekistan ($X), with a combined 81% share of total exports.

Among the main countries of destination, Russia, with a CAGR of +61.1%, saw the highest rates of growth with regard to 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 2021, the average wooden office furniture export price amounted to $X per unit, rising by 35% against the previous year. Over the period under review, the export price saw temperate growth. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Office Furniture Imports

Imports into Kazakhstan

In 2021, supplies from abroad of wooden furniture of a kind used in offices was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, recorded a pronounced slump. The growth pace was the most rapid in 2017 with an increase of 87% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, wooden office furniture imports skyrocketed to $X in 2021. In general, imports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 46%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X units) constituted the largest wooden office furniture supplier to Kazakhstan, with a 43% share of total imports. Moreover, wooden office furniture imports from Russia exceeded the figures recorded by the second-largest supplier, Lithuania (X units), twofold. The third position in this ranking was taken by Turkey (X units), with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+10.7% per year) and Turkey (+12.2% per year).

In value terms, Russia ($X), Lithuania ($X) and Turkey ($X) constituted the largest wooden office furniture suppliers to Kazakhstan, with a combined 66% share of total imports. These countries were followed by Italy, Belarus, China, Sweden and Ukraine, which together accounted for a further 23%.

Sweden, with a CAGR of +39.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2021, with a decrease of -6.7% against the previous year. Over the period under review, the import price showed a slight descent. The growth pace was the most rapid in 2020 when the average import price increased by 36%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :