Uzbekistan: Wooden Bedroom Furniture Market 2024

Wooden Bedroom Furniture Market Size in Uzbekistan

The Uzbek wooden bedroom furniture market skyrocketed to $X in 2022, increasing by 26% against the previous year. In general, consumption continues to indicate a significant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Wooden Bedroom Furniture Production in Uzbekistan

In value terms, wooden bedroom furniture production rose significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Wooden Bedroom Furniture Exports

Exports from Uzbekistan

In 2022, overseas shipments of wooden furniture of a kind used in the bedroom decreased by -7.7% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a slight slump. The pace of growth appeared the most rapid in 2020 with an increase of 24%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, wooden bedroom furniture exports expanded sharply to $X in 2022. Overall, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 66%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X units), Kazakhstan (X units) and Tajikistan (X units) were the main destinations of wooden bedroom furniture exports from Uzbekistan, with a combined 100% share of total exports.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +17.1%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wooden bedroom furniture exported from Uzbekistan were Kyrgyzstan ($X), Tajikistan ($X) and Kazakhstan ($X), with a combined 96% share of total exports.

Tajikistan, with a CAGR of +44.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden bedroom furniture export price stood at $X per unit in 2022, with an increase of 16% against the previous year. Overall, export price indicated a strong expansion from 2017 to 2022: its price increased at an average annual rate of +17.5% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden bedroom furniture export price increased by +123.6% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 41%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Tajikistan ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Bedroom Furniture Imports

Imports into Uzbekistan

For the sixth consecutive year, Uzbekistan recorded growth in purchases abroad of wooden furniture of a kind used in the bedroom, which increased by 4.7% to X units in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 93% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wooden bedroom furniture imports expanded rapidly to $X in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 101% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Turkey (X units) constituted the largest wooden bedroom furniture supplier to Uzbekistan, accounting for a 62% share of total imports. Moreover, wooden bedroom furniture imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold. The third position in this ranking was taken by China (X units), with a 9.9% share.

From 2017 to 2022, the average annual growth rate of volume from Turkey amounted to +61.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+218.7% per year) and China (-5.9% per year).

In value terms, the largest wooden bedroom furniture suppliers to Uzbekistan were Turkey ($X), Russia ($X) and China ($X), together accounting for 87% of total imports. Belarus, Italy, Kazakhstan and Vietnam lagged somewhat behind, together comprising a further 9.5%.

Belarus, with a CAGR of +398.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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 bedroom furniture import price stood at $X per unit in 2022, rising by 3.6% against the previous year. Overall, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 40% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Belarus ($X per unit), while the price for Kazakhstan ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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