back to top
Sunday, May 5, 2024
20 C
Tashkent

Up by 12.5% in real terms

(+20%) Furniture Production • KAZ • Annual Change 2021/20

According to the final numbers from the annual report by Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, the furniture production volume in 2021 reached 64,329 million tenge. This represents a 20.1% increase to the corresponding period of the previous year in current prices, not adjusted for inflation.

The reported value is an equivalent of 151 million USD. The average currency exchange rate was 426.03 KZT for 1 USD since the beginning of the year.

Rising costs of raw materials and components all over the world, as well as geopolitical shifts, contribute to the rise in prices for Kazakhstan-made furniture, too. If taking into account the furniture manufacturers’ price change (+7.6%) in the reporting year, the production volume dynamics in real terms, adjusted for inflation, amounts to plus 12.5%.

The updated numbers and most actual data shall be included into our extended Market Reports.

SourceKazStat

Related Articles

(+17%) Furniture Production • UZB • Jan-Jun 2023/22

From January to June 2023, the furniture production volume in Uzbekistan reached 1,440 billion soums. This represents a 16.5% increase to the corresponding period...

(+9%) Furniture Production • UZB • Jan-May 2023/22

From January to May 2023, the furniture production volume in Uzbekistan reached 1,008 billion soums. This represents a 9.1% increase to the corresponding period...

(+16%) Furniture Production • UZB • Jan-Apr 2023/22

From January to April 2023, the furniture production volume in Uzbekistan reached 745 billion soums. This represents a 15.8% increase to the corresponding period...

LATEST MARKET STUDY

spot_img

Macroregional Context

PARTNER'S ADVERTISINGspot_img