Uzbekistan: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in Uzbekistan

The Uzbek wooden office furniture market surged to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wooden Office Furniture Exports

Exports from Uzbekistan

In 2022, after four years of decline, there was significant growth in overseas shipments of wooden furniture of a kind used in offices, when their volume increased by X% to X units. Overall, exports, however, faced a precipitous setback. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden office furniture exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a sharp reduction. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X units), Kazakhstan (X units) and Tajikistan (X units) were the main destinations of wooden office furniture exports from Uzbekistan, together accounting for X% of total exports. Italy lagged somewhat behind, comprising a further X%.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for wooden office furniture exported from Uzbekistan were Kazakhstan ($X), Kyrgyzstan ($X) and Italy ($X), together accounting for X% of total exports.

Among the main countries of destination, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average wooden office furniture export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price showed a modest increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Tajikistan ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (X%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into Uzbekistan

In 2022, purchases abroad of wooden furniture of a kind used in offices increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, wooden office furniture imports soared to $X in 2022. Overall, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of wooden office furniture to Uzbekistan, with a X% share of total imports. Moreover, wooden office furniture imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. The Czech Republic (X units) ranked third in terms of total imports with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the Czech Republic (X% per year).

In value terms, the largest wooden office furniture suppliers to Uzbekistan were Turkey ($X), the United Arab Emirates ($X) and Russia ($X), together comprising X% of total imports. China, the Czech Republic, Lithuania, India, France and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, India, with a CAGR of X.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden office furniture import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, import price indicated mild growth from 2017 to 2022: its price increased at an average annual rate of X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden office furniture import price decreased by X% against 2020 indices. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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