CIS: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in CIS

The CIS plastic furniture fittings market reduced to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Plastic Furniture Fittings Production in CIS

In value terms, plastic furniture fittings production shrank to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Plastic Furniture Fittings Exports

Exports in CIS

For the fourth consecutive year, the CIS recorded growth in shipments abroad of plastic fittings for furniture, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plastic furniture fittings exports fell significantly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

In 2022, Russia (X tons) and Armenia (X tons) represented the major exporters of plastic fittings for furniture in the CIS, together mixing up X% of total exports. Kyrgyzstan (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Uzbekistan (X%). Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest plastic furniture fittings supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Armenia (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Armenia ($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.

Plastic Furniture Fittings Imports

Imports in CIS

In 2022, purchases abroad of plastic fittings for furniture decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, plastic furniture fittings imports reduced dramatically to $X in 2022. Over the period under review, imports, however, saw a modest increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Russia represented the main importer of plastic fittings for furniture in the CIS, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), Belarus (X tons), Kyrgyzstan (X tons) and Uzbekistan (X tons), together making up a X% share of total imports. The following importers - Moldova (X tons) and Azerbaijan (X tons) - each accounted for a X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Moldova (X%), Belarus (X%), Kazakhstan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Azerbaijan (X%) and Kyrgyzstan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.), Kazakhstan (X p.p.), Belarus (X p.p.) and Moldova (X p.p.) significantly strengthened its position in terms of the total imports, while Azerbaijan, Russia and Kyrgyzstan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported plastic fittings for furniture in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

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

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then reduced rapidly in the following year.

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 Moldova ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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