Uzbekistan: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in Uzbekistan

The Uzbek metal frame upholstered seat market skyrocketed to $X in 2021, picking up by 61% 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). Overall, consumption showed a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Exports of Upholstered Seats With Metal Frames

Exports from Uzbekistan

After four years of growth, shipments abroad of upholstered seats with metal frames decreased by -40.5% to X units in 2021. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 8,100%. The exports peaked at X units in 2020, and then shrank significantly in the following year.

In value terms, metal frame upholstered seat exports dropped significantly to $X in 2021. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 289,650%. Over the period under review, the exports hit record highs at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

Russia (X units) was the main destination for metal frame upholstered seat exports from Uzbekistan, with a 57% share of total exports. Moreover, metal frame upholstered seat exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X units), twofold.

From 2017 to 2021, the average annual growth rate of volume to Russia stood at +587.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+218.6% per year) and Tajikistan (+59.5% per year).

In value terms, Russia ($X) remains the key foreign market for upholstered seats with metal frames exports from Uzbekistan, comprising 81% of total exports. The second position in the ranking was held by Tajikistan ($X), with a 15% share of total exports.

From 2017 to 2021, the average annual growth rate of value to Russia totaled +817.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+0.0% per year) and Kyrgyzstan (+368.6% per year).

Export Prices by Country

In 2021, the average metal frame upholstered seat export price amounted to $X per unit, picking up by 23% against the previous year. Overall, the export price recorded significant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 3,419% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+47.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Upholstered Seats With Metal Frames

Imports into Uzbekistan

In 2021, metal frame upholstered seat imports into Uzbekistan skyrocketed to X units, growing by 36% compared with 2020 figures. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 172%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, metal frame upholstered seat imports soared to $X in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 179% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal frame upholstered seat to Uzbekistan, with a 84% share of total imports. Moreover, metal frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X units), more than tenfold. The third position in this ranking was held by Russia (X units), with a 3% share.

From 2017 to 2021, the average annual rate of growth in terms of volume from China amounted to +59.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+99.7% per year) and Russia (+88.6% per year).

In value terms, China ($X) constituted the largest supplier of upholstered seats with metal frames to Uzbekistan, comprising 71% of total imports. The second position in the ranking was taken by Ukraine ($X), with an 11% share of total imports. It was followed by Turkey, with a 7.4% share.

From 2017 to 2021, the average annual growth rate of value from China amounted to +55.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+110.8% per year) and Turkey (+80.9% per year).

Import Prices by Country

The average metal frame upholstered seat import price stood at $X per unit in 2021, with an increase of 18% against the previous year. In general, the import price, however, saw a perceptible shrinkage. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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