Uzbekistan: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Uzbekistan

The Uzbek wooden office furniture market surged to $X in 2021, growing by 26% 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 recorded significant growth. Wooden office furniture consumption peaked in 2021 and is likely to see gradual growth in years to come.

Wooden Office Furniture Exports

Exports from Uzbekistan

In 2021, approx. X units of wooden furniture of a kind used in offices were exported from Uzbekistan; waning by -22.9% on the year before. In general, exports recorded a sharp setback. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports shrank markedly to $X in 2021. Over the period under review, exports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 162%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Tajikistan (X units) was the main destination for wooden office furniture exports from Uzbekistan, with a 55% share of total exports. Moreover, wooden office furniture exports to Tajikistan exceeded the volume sent to the second major destination, Ukraine (X units), threefold. The third position in this ranking was taken by Turkey (X units), with a 17% share.

From 2017 to 2021, the average annual growth rate of volume to Tajikistan stood at -65.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Turkey (0.0% per year).

In value terms, Tajikistan ($X) emerged as the key foreign market for wooden furniture of a kind used in offices exports from Uzbekistan, comprising 53% of total exports. The second position in the ranking was held by Turkey ($X), with a 19% share of total exports. It was followed by Ukraine, with a 14% share.

From 2017 to 2021, the average annual growth rate of value to Tajikistan amounted to -67.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Ukraine (0.0% per year).

Export Prices by Country

In 2021, the average wooden office furniture export price amounted to $X per unit, dropping by -80.3% against the previous year. In general, the export price faced a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 498%. As a result, the export price reached the peak level of $X per unit, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while the average price for exports to Ukraine ($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 Kazakhstan (+30.0%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Uzbekistan

In 2021, the amount of wooden furniture of a kind used in offices imported into Uzbekistan skyrocketed to X units, increasing by 155% compared with 2020. Overall, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wooden office furniture imports skyrocketed to $X in 2021. In general, imports, however, recorded a slight reduction. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X units) constituted the largest wooden office furniture supplier to Uzbekistan, accounting for a 20% share of total imports. Moreover, wooden office furniture imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by China (X units), with a 7.3% share.

From 2017 to 2021, the average annual growth rate of volume from Turkey stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+83.0% per year) and China (-10.0% per year).

In value terms, Turkey ($X), China ($X) and Lithuania ($X) were the largest wooden office furniture suppliers to Uzbekistan, together accounting for 60% of total imports. Italy, Germany, France, Belgium and the United Arab Emirates lagged somewhat behind, together comprising a further 14%.

Belgium, with a CAGR of +75.6%, recorded the highest rates of growth with regard to 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 2021, the average wooden office furniture import price amounted to $X per unit, dropping by -51.6% against the previous year. In general, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 24%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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 China ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+97.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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