Russian Federation: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in the Russian Federation

In 2022, the Russian wooden office furniture market decreased by X% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption faced a deep setback. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. Wooden office furniture consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Office Furniture Production in the Russian Federation

In value terms, wooden office furniture production dropped modestly to $X in 2022 estimated in export price. In general, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Wooden office furniture production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wooden Office Furniture Exports

Exports from the Russian Federation

Wooden office furniture exports from Russia dropped markedly to X units in 2022, falling by X% compared with the previous year. Overall, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then contracted markedly in the following year.

In value terms, wooden office furniture exports contracted sharply to $X in 2022. In general, exports recorded a mild contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Kazakhstan (X units) was the main destination for wooden office furniture exports from Russia, accounting for a X% share of total exports. Moreover, wooden office furniture exports to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X units), eightfold. The third position in this ranking was held by Kyrgyzstan (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Russia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, saw a abrupt contraction. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while the average price for exports to Georgia ($X 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 Kyrgyzstan (X%), while the prices for the other major destinations experienced a decline.

Wooden Office Furniture Imports

Imports into the Russian Federation

In 2022, supplies from abroad of wooden furniture of a kind used in offices decreased by X% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, imports continue to indicate a precipitous decline. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wooden office furniture imports fell rapidly to $X in 2022. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X units), Germany (X units) and China (X units) were the main suppliers of wooden office furniture imports to Russia, together comprising X% of total imports. Lithuania, Italy, Austria, Poland, India and Finland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest wooden office furniture suppliers to Russia were Turkey ($X), Germany ($X) and China ($X), together accounting for X% of total imports. Lithuania, Italy, Poland, Austria, India and Finland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average wooden office furniture import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price showed a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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