ASTANA, Kazakhstan, March 19. The volume of investments in the furniture industry in Kazakhstan will reach 17.1 billion tenge (about $38 million) in 2023, Trend reports.
According to the Ministry of Industry and Construction of Kazakhstan, this is almost four times more than a year earlier (4.4 billion tenge, or about $9.77 million).
As the ministry noted, the Turkestan region has become the leader in investment in the furniture industry. Last year, 13.2 billion tenge (about $29.3 million) of investments were made in the furniture industry in this region. This is 76.8 percent of the Republican level.
To note, in 2022, 1.4 billion tenge (about $3.1 million) was invested in this industry in the Turkestan region; that is, the growth over the year was more than nine times (9.1). Such a high result was made possible due to an increase in investment in the production of furniture for offices and retail enterprises (+5.8 times, up to 6.3 billion tenge) and other furniture (+18.9 times, up to 6.9 billion tenge).
Meanwhile, Kazakhstan exported furniture totaling $13.7 million in 2023, which is 31 percent more than in 2022. The main volume of furniture products was sent to the CIS countries.
In total, last year, domestic enterprises produced furniture worth 82.6 billion tenge (about $184 million). This is 28 percent more than in 2022.
The share of furniture production in the total industry for 2023 was 0.18 percent; in the manufacturing industry, it was 0.4 percent. The industry's physical volume index was 143.5 percent.
To note, furniture in Kazakhstan is produced by 1,515 enterprises, of which 1,507 are small. Last year, the industry employed about 14,500 people.
