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

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

After two years of growth, the Uzbek market for furnishing articles, furniture and cushion covers decreased by X% to $X in 2022. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Furnishing Articles, Furniture and Cushion Covers in Uzbekistan

In value terms, production of furnishing articles, furniture and cushion covers dropped slightly to $X in 2022 estimated in export price. Overall, production, however, saw a slight decline. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a lower figure.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports from Uzbekistan

Exports of furnishing articles, furniture and cushion covers from Uzbekistan skyrocketed to X tons in 2022, picking up by X% compared with 2021 figures. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 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 lower figure.

In value terms, exports of furnishing articles, furniture and cushion covers surged to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Kazakhstan (X tons), Kyrgyzstan (X tons) and Russia (X tons) were the main destinations of exports of furnishing articles, furniture and cushion covers from Uzbekistan, together comprising X% of total exports.

From 2017 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for furnishing article, furniture and cushion cover exported from Uzbekistan were Kazakhstan ($X), Kyrgyzstan ($X) and Russia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Kyrgyzstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for furnishing articles, furniture and cushion covers stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price posted a significant expansion. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

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

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports into Uzbekistan

In 2022, overseas purchases of furnishing articles, furniture and cushion covers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then contracted sharply in the following year.

In value terms, imports of furnishing articles, furniture and cushion covers rose remarkably to $X in 2022. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of furnishing article, furniture and cushion cover to Uzbekistan, accounting for a X% share of total imports. Moreover, imports of furnishing articles, furniture and cushion covers from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Russia (X tons) ranked third in terms of total imports with a X% share.

From 2017 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Russia (X% per year).

In value terms, the largest furnishing article, furniture and cushion cover suppliers to Uzbekistan were China ($X), Russia ($X) and Turkey ($X), together comprising X% of total imports.

In terms of the main suppliers, Russia, with a CAGR of X%, 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

In 2022, the average import price for furnishing articles, furniture and cushion covers amounted to $X per ton, jumping by X% against the previous year. Over the last five years, it increased at an average annual rate of X%. As a result, import 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 importers, the country with the highest price was Russia ($X per ton), while the price for Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :