CIS: Market for Furnishing Articles, Furniture and Cushion Covers 2024

Market Size for Furnishing Articles, Furniture and Cushion Covers in CIS

The CIS market for furnishing articles, furniture and cushion covers declined slightly to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a slight decline. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Furnishing Articles, Furniture and Cushion Covers in CIS

In value terms, production of furnishing articles, furniture and cushion covers contracted modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight descent. The growth pace was the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports in CIS

In 2022, approx. X tons of furnishing articles, furniture and cushion covers were exported in the CIS; dropping by X% compared with the previous year's figure. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 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 reduced markedly to $X in 2022. Over the period under review, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Russia (X tons) was the key exporter of furnishing articles, furniture and cushion covers, mixing up X% of total exports. It was distantly followed by Uzbekistan (X tons), making up a X% share of total exports. Kyrgyzstan (X tons) held a little share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Uzbekistan and Kyrgyzstan increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest furnishing article, furniture and cushion cover supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports.

In Russia, 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: Uzbekistan (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, surging by X% against the previous year. Overall, the export price posted a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 CIS

Imports of furnishing articles, furniture and cushion covers reduced rapidly to X tons in 2022, with a decrease of X% compared with the previous year. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of furnishing articles, furniture and cushion covers contracted remarkably to $X in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in covers structure, reaching X tons, which was near X% of total imports in 2022. Kazakhstan (X tons) took the second position in the ranking, followed by Uzbekistan (X tons) and Azerbaijan (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to furnishing article, furniture and cushion cover imports into Russia stood at X%. At the same time, Azerbaijan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Azerbaijan increased by X and X percentage points, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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