Central Asia: Market for Furnishing Articles, Furniture and Cushion Covers 2024

Market Size for Furnishing Articles, Furniture and Cushion Covers in Central Asia

The Central Asian market for furnishing articles, furniture and cushion covers shrank to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Furnishing Articles, Furniture and Cushion Covers in Central Asia

In value terms, production of furnishing articles, furniture and cushion covers contracted modestly 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 remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports in Central Asia

In 2022, approx. X tons of furnishing articles, furniture and cushion covers were exported in Central Asia; with an increase of X% compared with 2021. Over the period under review, exports continue to indicate mild growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of furnishing articles, furniture and cushion covers surged to $X in 2022. In general, exports posted a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Uzbekistan (X tons) was the main exporter of furnishing articles, furniture and cushion covers, achieving X% of total exports. It was distantly followed by Kyrgyzstan (X tons), constituting a X% share of total exports. The following exporters - Kazakhstan (X tons) and Turkmenistan (X tons) - each finished at a X% share of total exports.

Uzbekistan was also the fastest-growing in terms of the furnishing articles, furniture and cushion covers exports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. By contrast, Turkmenistan (X%) and Kyrgyzstan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while Turkmenistan and Kyrgyzstan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) remains the largest furnishing article, furniture and cushion cover supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

In Uzbekistan, exports of furnishing articles, furniture and cushion covers expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, saw strong growth. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports in Central Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of furnishing articles, furniture and cushion covers, when their volume decreased by X% to X tons. Overall, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of furnishing articles, furniture and cushion covers shrank markedly to $X in 2022. In general, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mongolia (X tons), Kazakhstan (X tons) and Uzbekistan (X tons) represented roughly X% of total imports in 2022. Tajikistan (X tons), Turkmenistan (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Mongolia (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

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

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

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Kazakhstan ($X per ton), while Uzbekistan ($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 more modest paces of growth.

Source: IndexBox Platform

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