Uzbekistan: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Uzbekistan

The Uzbek metal office furniture market fell sharply to $X in 2022, which is down by -18.9% 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, however, saw significant growth. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Metal Office Furniture Exports

Exports from Uzbekistan

In 2022, the amount of metal office furniture exported from Uzbekistan soared to X tons, increasing by 1,328% on the previous year's figure. In general, exports, however, saw a abrupt contraction. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, metal office furniture exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a deep downturn. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kyrgyzstan (X tons) was the main destination for metal office furniture exports from Uzbekistan, with a 93% share of total exports. It was followed by Russia (X kg), with a 2.9% share of total exports.

From 2017 to 2022, the average annual growth rate of volume to Kyrgyzstan stood at +227.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-21.9% per year) and Tajikistan (-57.7% per year).

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for metal office furniture exports from Uzbekistan, comprising 94% of total exports. The second position in the ranking was taken by Russia ($X), with a 3.7% share of total exports.

From 2017 to 2022, the average annual growth rate of value to Kyrgyzstan totaled +220.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-26.2% per year) and Tajikistan (-63.5% per year).

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, dropping by -24.5% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Russia ($X per ton), while the average price for exports to Tajikistan ($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 (-2.2%), while the prices for the other major destinations experienced a decline.

Metal Office Furniture Imports

Imports into Uzbekistan

Metal office furniture imports into Uzbekistan fell rapidly to X tons in 2022, dropping by -21.3% against the year before. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 218%. As a result, imports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, metal office furniture imports dropped rapidly to $X in 2022. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 340%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of metal office furniture to Uzbekistan, with a 48% share of total imports. Moreover, metal office furniture imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a 15% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Russia amounted to +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+26.4% per year) and Turkey (+58.4% per year).

In value terms, Russia ($X) constituted the largest supplier of metal office furniture to Uzbekistan, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Turkey, with a 13% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Russia amounted to +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+35.9% per year) and Turkey (+77.6% per year).

Import Prices by Country

In 2022, the average metal office furniture import price amounted to $X per ton, increasing by 7.2% against the previous year. In general, import price indicated temperate growth from 2017 to 2022: its price increased at an average annual rate of +4.9% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal office furniture import price increased by +1.0% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 49% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+56.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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