CIS: Market for Upholstered Seats With Metal Frames 2024

Market Size for Upholstered Seats With Metal Frames in CIS

After five years of growth, the CIS metal frame upholstered seat market decreased by X% to $X in 2022. The total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank markedly in the following year.

Production of Upholstered Seats With Metal Frames in CIS

In value terms, metal frame upholstered seat production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Upholstered Seats With Metal Frames

Exports in CIS

In 2022, approx. X units of upholstered seats with metal frames were exported in the CIS; dropping by X% on 2021. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2021, and then shrank markedly in the following year.

In value terms, metal frame upholstered seat exports declined remarkably to $X in 2022. Over the period under review, exports, however, showed strong growth. The growth pace was the most rapid in 2014 with an increase of X%. The level of export peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Belarus (X units) and Russia (X units) dominates exports structure, together generating X% of total exports. It was distantly followed by Kazakhstan (X units), making up a X% share of total exports. The following exporters - Uzbekistan (X units) and Azerbaijan (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Azerbaijan ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Kazakhstan and Uzbekistan lagged somewhat behind, together comprising a further X%.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 2022, the export price in the CIS amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price recorded strong growth. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Azerbaijan ($X per unit), while Uzbekistan ($X per unit) 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.

Imports of Upholstered Seats With Metal Frames

Imports in CIS

In 2022, after five years of growth, there was significant decline in supplies from abroad of upholstered seats with metal frames, when their volume decreased by X% to X units. Overall, imports, however, showed a measured increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped significantly in the following year.

In value terms, metal frame upholstered seat imports contracted dramatically to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced notably in the following year.

Imports by Country

Russia represented the main importer of upholstered seats with metal frames in the CIS, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. Kazakhstan (X units) held the second position in the ranking, followed by Armenia (X units). All these countries together held near X% share of total imports. The following importers - Uzbekistan (X units), Belarus (X units) and Moldova (X units) - together made up X% of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Armenia (X%), Moldova (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Belarus experienced a relatively flat trend pattern. While the share of Armenia (X p.p.), Uzbekistan (X p.p.) and Russia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price saw a perceptible downturn. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per unit), while Armenia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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