Central Asia: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Central Asia

The Central Asian metal domestic furniture market expanded rapidly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption showed a prominent expansion. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Metal Domestic Furniture Production in Central Asia

In value terms, metal domestic furniture production expanded significantly to $X in 2023 estimated in export price. Overall, production recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

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Metal Domestic Furniture Exports

Exports in Central Asia

In 2023, after three years of growth, there was significant decline in shipments abroad of metal furniture, when their volume decreased by X% to X tons. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then fell markedly in the following year.

In value terms, metal domestic furniture exports dropped to $X in 2023. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then fell slightly in the following year.

Exports by Country

Kyrgyzstan was the major exporter of metal furniture in Central Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. Uzbekistan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (X%).

Exports from Kyrgyzstan increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Uzbekistan ($X), Kyrgyzstan ($X) and Kazakhstan ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a slight increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal domestic furniture export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Metal Domestic Furniture Imports

Imports in Central Asia

In 2023, after two years of growth, there was decline in purchases abroad of metal furniture, when their volume decreased by X% to X tons. Total imports indicated noticeable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked at X tons in 2022, and then fell in the following year.

In value terms, metal domestic furniture imports amounted to $X in 2023. Total imports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Kazakhstan (X tons) represented the major importer of metal furniture, comprising X% of total imports. Uzbekistan (X tons) held the second position in the ranking, distantly followed by Mongolia (X tons) and Turkmenistan (X tons). All these countries together held approx. X% share of total imports. The following importers - Tajikistan (X tons) and Kyrgyzstan (X tons) - together made up X% of total imports.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Kyrgyzstan (X%), Turkmenistan (X%) and Tajikistan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan, Kyrgyzstan, Turkmenistan and Tajikistan saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Kazakhstan, metal domestic furniture imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, standing approx. at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkmenistan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform