Central Asia: Chandelier Market 2024

Chandelier Market Size in Central Asia

The Central Asian chandelier market reduced to $X in 2022, declining by X% against the previous year. In general, consumption, however, posted strong growth. The level of consumption peaked at $X in 2021, and then fell in the following year.

Chandelier Production in Central Asia

In value terms, chandelier production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Chandelier Exports

Exports in Central Asia

In 2022, approx. X tons of chandeliers were exported in Central Asia; with an increase of X% on 2021. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, chandelier exports surged to $X in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Kyrgyzstan was the key exporting country with an export of about X tons, which accounted for X% of total exports. Uzbekistan (X tons) held the second position in the ranking, followed by Kazakhstan (X tons). All these countries together held near X% share of total exports.

Kyrgyzstan was also the fastest-growing in terms of the chandeliers exports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. From 2012 to 2022, the share of Kyrgyzstan and Uzbekistan increased by X and X percentage points, respectively.

In value terms, Kyrgyzstan ($X) remains the largest chandelier supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kyrgyzstan amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price saw a noticeable descent. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the export price figures.

Chandelier Imports

Imports in Central Asia

In 2022, purchases abroad of chandeliers decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, imports, however, showed a slight increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, chandelier imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Kazakhstan prevails in imports structure, accounting for X tons, which was near X% of total imports in 2022. Turkmenistan (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%) and Uzbekistan (X%). Mongolia (X tons) and Tajikistan (X tons) held a relatively small share of total imports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of chandeliers. At the same time, Tajikistan (X%), Mongolia (X%), Kyrgyzstan (X%) and Turkmenistan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.), Mongolia (X p.p.), Tajikistan (X p.p.), Kyrgyzstan (X p.p.) and Turkmenistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported chandeliers in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Turkmenistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, 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 importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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