Russian Federation: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in the Russian Federation

The Russian wooden furniture treatments market dropped slightly to $X in 2022, approximately mirroring the previous year. In general, consumption continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 2.1%. Wooden furniture treatments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in the Russian Federation

In value terms, wooden furniture treatments production fell slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the production volume increased by 2%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wooden Furniture Treatments Exports

Exports from the Russian Federation

In 2022, shipments abroad of polishes and creams for wooden furniture and floors was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 201%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wooden furniture treatments exports dropped to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +13.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 214%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons), Azerbaijan (X tons) and Armenia (X tons) were the main destinations of wooden furniture treatments exports from Russia, with a combined 68% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (with a CAGR of +46.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden furniture treatments exported from Russia were Azerbaijan ($X), Armenia ($X) and Ukraine ($X), together comprising 62% of total exports.

Azerbaijan, with a CAGR of +45.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2022, waning by -8% against the previous year. Over the period under review, the export price showed a mild descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 19%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Moldova ($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 Belarus (+3.2%), while the prices for the other major destinations experienced a decline.

Wooden Furniture Treatments Imports

Imports into the Russian Federation

In 2022, after five years of growth, there was decline in supplies from abroad of polishes and creams for wooden furniture and floors, when their volume decreased by -1.3% to X tons. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 35%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports reduced to $X in 2022. Over the period under review, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2018 with an increase of 40% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of wooden furniture treatments to Russia, accounting for a 59% share of total imports. Moreover, wooden furniture treatments imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. The third position in this ranking was held by Slovenia (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-3.2% per year) and Slovenia (+44.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Russia, comprising 49% of total imports. The second position in the ranking was held by Ukraine ($X), with a 12% share of total imports. It was followed by Slovenia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-0.1% per year) and Slovenia (+53.4% per year).

Import Prices by Country

In 2022, the average wooden furniture treatments import price amounted to $X per ton, which is down by -2.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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