Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Russia - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Russia (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Russia (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Russia
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Russia
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Russia (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $84 per unit in 2022, with a decrease of -20.8% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 47%. The import price peaked at $106 per unit in 2021, and then reduced markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Serbia ($117 per unit), while the price for China ($40 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Russia (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $67 per unit, declining by -14.9% against the previous year. In general, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 11%. The export price peaked at $176 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($125 per unit), while the average price for exports to Armenia ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.4%), while the prices for the other major destinations experienced a decline.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Russia
In 2022, purchases abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -56.9% to 1.8M units, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 4.5% against the previous year. As a result, imports attained the peak of 4.2M units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use fell remarkably to $147M in 2022. Overall, imports showed a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, imports reached the peak of $431M, and then fell sharply in the following year.
Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 140 | 108 | 116 | 61.4 | -24.0% |
China | 23.6 | 25.7 | 37.5 | 18.3 | -8.1% |
Serbia | 0.8 | 3.3 | 5.3 | 12.0 | 146.6% |
Lithuania | 25.0 | 24.5 | 23.7 | 10.8 | -24.4% |
Turkey | 3.5 | 3.9 | 8.6 | 9.7 | 40.5% |
Poland | 35.2 | 36.3 | 45.0 | 9.5 | -35.4% |
Germany | 13.1 | 10.4 | 10.4 | 4.6 | -29.5% |
Belarus | 97.3 | 98.6 | 138 | N/A | 19.1% |
Others | 41.4 | 40.0 | 47.0 | 20.9 | -20.4% |
Total | 380 | 351 | 431 | 147 | -27.1% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Russia in 2022:
- Italy (638.4K units)
- China (457.0K units)
- Lithuania (123.6K units)
- Serbia (103.2K units)
- Turkey (100.5K units)
- Poland (81.7K units)
- Germany (47.4K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Russia
After three years of growth, overseas shipments of furniture; wooden, other than for office, kitchen or bedroom use decreased by -46.2% to 1.2M units in 2022. Over the period under review, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of 2.2M units, and then contracted markedly in the following year.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use reduced sharply to $80M in 2022. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, the exports attained the peak of $174M, and then dropped remarkably in the following year.
Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kazakhstan | 41.4 | 34.0 | 47.9 | 36.1 | -4.5% |
United States | 9.0 | 11.9 | 15.6 | 6.9 | -8.5% |
Germany | 13.5 | 11.7 | 19.0 | 4.5 | -30.7% |
Armenia | 2.4 | 1.8 | 3.2 | 3.1 | 8.9% |
Uzbekistan | 0.6 | 0.9 | 1.6 | 2.3 | 56.5% |
Israel | 1.2 | 2.5 | 3.5 | 2.2 | 22.4% |
United Kingdom | 4.9 | 6.1 | 5.7 | 2.2 | -23.4% |
Poland | 7.6 | 8.7 | 12.7 | 2.1 | -34.9% |
Canada | 2.5 | 3.5 | 3.9 | 1.5 | -15.7% |
Kyrgyzstan | 0.9 | 0.6 | 1.7 | 1.3 | 13.0% |
Tajikistan | 0.9 | 0.9 | 1.0 | 1.2 | 10.1% |
Spain | 3.2 | 3.5 | 4.1 | 0.9 | -34.5% |
Belarus | 9.8 | 11.9 | 14.0 | N/A | 19.5% |
Others | 29.7 | 32.2 | 40.4 | 15.5 | -19.5% |
Total | 128 | 130 | 174 | 79.8 | -14.6% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Russia in 2022:
- Kazakhstan (391.3K units)
- United States (211.9K units)
- Armenia (185.6K units)
- Germany (53.8K units)
- Tajikistan (31.4K units)
- Israel (26.1K units)
- United Kingdom (25.7K units)
- Poland (22.9K units)
- Kyrgyzstan (21.3K units)
- Uzbekistan (18.5K units)
- Canada (17.7K units)
- Spain (9.9K units)
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