Uzbekistan: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Uzbekistan

The Uzbek metal domestic furniture market amounted to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Metal Domestic Furniture Production in Uzbekistan

In value terms, metal domestic furniture production fell slightly to $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Metal domestic furniture production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metal Domestic Furniture Exports

Exports from Uzbekistan

In 2022, approx. X tons of metal furniture were exported from Uzbekistan; increasing by X% on the year before. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, metal domestic furniture exports surged to $X in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for metal domestic furniture exports from Uzbekistan, with a X% share of total exports. Moreover, metal domestic furniture exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), fivefold. The third position in this ranking was held by Tajikistan (X tons), with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Tajikistan (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for metal furniture exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports. It was followed by Tajikistan, with a X% share.

From 2017 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Tajikistan (X% per year).

Export Prices by Country

The average metal domestic furniture export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, saw a significant increase. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted markedly in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Domestic Furniture Imports

Imports into Uzbekistan

Metal domestic furniture imports into Uzbekistan skyrocketed to X tons in 2022, jumping by X% against the previous year's figure. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, metal domestic furniture imports surged to $X in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal domestic furniture to Uzbekistan, with a X% share of total imports. Moreover, metal domestic furniture imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by Russia (X tons), with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Russia (X% per year).

In value terms, China ($X), Turkey ($X) and Russia ($X) constituted the largest metal domestic furniture suppliers to Uzbekistan, together comprising X% of total imports. South Korea, the United Arab Emirates and Ukraine lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, 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

In 2022, the average metal domestic furniture import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a mild decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank dramatically in the following year.

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 Ukraine ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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