CIS: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in CIS

The CIS sewing machine furniture market soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption posted a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sewing Machine Furniture Production in CIS

In value terms, sewing machine furniture production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then fell notably in the following year.

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Sewing Machine Furniture Exports

Exports in CIS

In 2022, the amount of furniture, bases and covers for sewing machines exported in the CIS soared to X tons, with an increase of X% against the previous year's figure. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sewing machine furniture exports skyrocketed to $X in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Russia (X tons), mixing up an X% share of total exports. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sewing machine furniture exports from Kyrgyzstan stood at X%. At the same time, Uzbekistan (X.9%) and Russia (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X.9% from 2012-2022. Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kyrgyzstan ($X) emerged as the largest sewing machine furniture supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

In Kyrgyzstan, sewing machine furniture exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2015; however, from 2016 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 Kyrgyzstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

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

Sewing Machine Furniture Imports

Imports in CIS

For the fourth consecutive year, the CIS recorded growth in supplies from abroad of furniture, bases and covers for sewing machines, which increased by X% to X tons in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, sewing machine furniture imports skyrocketed to $X in 2022. Overall, imports recorded a significant increase. 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 2022 and are likely to see steady growth in the near future.

Imports by Country

Kyrgyzstan represented the largest importer of furniture, bases and covers for sewing machines in the CIS, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Russia (X tons), mixing up a X% share of total imports.

Kyrgyzstan was also the fastest-growing in terms of the furniture, bases and covers for sewing machines imports, with a CAGR of X% from 2012 to 2022. At the same time, Russia (X%) displayed positive paces of growth. While the share of Kyrgyzstan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Kyrgyzstan ($X) constitutes the largest market for imported furniture, bases and covers for sewing machines in the CIS, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with an X% share of total imports.

In Kyrgyzstan, sewing machine furniture imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%).

Source: IndexBox Platform