Tuesday, April 16, 2024
14 C
Tashkent

Imports penetration 33%

(+46%) Furniture Imports • UZB • Annual Change 2022/21

From January to December 2022, the volume of furniture imports to Uzbekistan reached 141.5 million USD. This represents a 45.7% increase to the corresponding period of the previous year. This gross estimation also includes parts of furniture, mattresses, bedding, mattress supports, professional furniture excluding healthcare, so the HS codes 9401, 9403, 9404 are considered.

The average currency exchange rate was 11,045.70 UZS for 1 USD in the current period under review. This rate shall be used to accurately convert the imported value to soums, for further market analysis in parallel to domestic production numbers given in current manufacturers’ prices.

Currently, the imports ratio in the furniture market is not measured by the official statistical bodies in Uzbekistan. According to our own calculation of the internal furniture consumption (production plus import minus export), the market share of imports is reaching 33% in the reporting period.

The imports data provided here is a preliminary estimation made by the State Customs Committee of the Republic of Uzbekistan immediately after the reporting period, available at the time this news item is being published. The given numbers are subject to change: the Customs update their analytics retrospectively, even a long time after the reporting period is finished. Those updated numbers and most actual data shall be included into our extended Market Reports.

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