Russian Federation: Plastic Furniture Market 2024

Plastic Furniture Market Size in the Russian Federation

The Russian plastic furniture market skyrocketed to $X in 2021, with an increase of 31% against the previous year. Over the period under review, consumption recorded a mild increase. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Plastic Furniture Production in the Russian Federation

In value terms, plastic furniture production rose significantly to $X in 2021 estimated in export price. Overall, production, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 39% against the previous year. Plastic furniture production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Plastic Furniture Exports

Exports from the Russian Federation

Plastic furniture exports from Russia skyrocketed to X units in 2021, picking up by 46% on the previous year's figure. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 128%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, plastic furniture exports soared to $X in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 140% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X units) was the main destination for plastic furniture exports from Russia, accounting for a 66% share of total exports. Moreover, plastic furniture exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X units), fourfold. The third position in this ranking was taken by Ukraine (X units), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan amounted to +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+17.0% per year) and Ukraine (+13.1% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for plastic furniture exports from Russia, comprising 68% of total exports. The second position in the ranking was held by Belarus ($X), with a 13% share of total exports. It was followed by Ukraine, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan stood at +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+17.3% per year) and Ukraine (+1.4% per year).

Export Prices by Country

The average plastic furniture export price stood at $X per unit in 2021, picking up by 2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 55% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Furniture Imports

Imports into the Russian Federation

In 2021, approx. X units of furniture of plastic were imported into Russia; rising by 35% against 2020. In general, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 41% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, plastic furniture imports surged to $X in 2021. Overall, imports recorded a noticeable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 34%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest plastic furniture supplier to Russia, accounting for a 47% share of total imports. Moreover, plastic furniture imports from China exceeded the figures recorded by the second-largest supplier, Israel (X units), twofold. Belarus (X units) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+11.6% per year) and Belarus (+27.4% per year).

In value terms, Israel ($X), China ($X) and Poland ($X) were the largest plastic furniture suppliers to Russia, together accounting for 79% of total imports. Italy, Serbia, Turkey, Belarus and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 13%.

Serbia, with a CAGR of +97.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic furniture import price stood at $X per unit in 2021, stabilizing at the previous year. In general, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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