Russian Federation: Festive Articles Market 2024

Festive Articles Market Size in the Russian Federation

The Russian festive articles market declined markedly to $X in 2022, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a temperate expansion. Festive articles consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Festive Articles Exports

Exports from the Russian Federation

In 2022, after five years of growth, there was significant decline in shipments abroad of festive or carnival articles, when their volume decreased by X% to X tons. Overall, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, festive articles exports dropped remarkably to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Kazakhstan (X tons), Armenia (X tons) and the United States (X tons) were the main destinations of festive articles exports from Russia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for festive or carnival articles exports from Russia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Armenia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Armenia (X% per year).

Export Prices by Country

In 2022, the average festive articles export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a deep setback. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then contracted dramatically in the following year.

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 Hong Kong SAR ($X per ton), while the average price for exports to Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Festive Articles Imports

Imports into the Russian Federation

In 2022, festive articles imports into Russia contracted dramatically to X tons, with a decrease of X% compared with 2021. In general, imports, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, festive articles imports shrank notably to $X in 2022. Overall, imports, however, showed notable growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest festive articles supplier to Russia, accounting for a X% share of total imports. Moreover, festive articles imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of festive or carnival articles to Russia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average festive articles import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, festive articles import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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