Russian Federation: Market for Upholstered Seats With Wooden Frames 2024

Market Size for Upholstered Seats With Wooden Frames in the Russian Federation

The Russian wooden frame upholstered seat market fell to $X in 2022, waning by -11.2% 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). Over the period under review, consumption recorded a deep setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Upholstered Seats With Wooden Frames

Exports from the Russian Federation

In 2022, after two years of growth, there was significant decline in overseas shipments of upholstered seats with wooden frames, when their volume decreased by -12.5% to X units. Overall, exports, however, showed buoyant growth. The growth pace was the most rapid in 2016 when exports increased by 72%. Over the period under review, the exports reached the maximum at X units in 2021, and then dropped in the following year.

In value terms, wooden frame upholstered seat exports shrank significantly to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 148%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for wooden frame upholstered seat exports from Russia, accounting for a 54% share of total exports. Moreover, wooden frame upholstered seat exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X units), threefold. Germany (X units) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan amounted to +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+34.2% per year) and Germany (+84.5% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for upholstered seats with wooden frames exports from Russia, comprising 52% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Belarus, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+65.1% per year) and Belarus (+18.4% per year).

Export Prices by Country

In 2022, the average wooden frame upholstered seat export price amounted to $X per unit, falling by -10.2% against the previous year. In general, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 an increase of 44%. The export price peaked at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the average price for exports to Belarus ($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 (-2.7%), while the prices for the other major destinations experienced a decline.

Imports of Upholstered Seats With Wooden Frames

Imports into the Russian Federation

In 2022, overseas purchases of upholstered seats with wooden frames decreased by -11% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a perceptible decrease. The pace of growth was the most pronounced in 2021 when imports increased by 61%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wooden frame upholstered seat imports shrank to $X in 2022. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by 40% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest wooden frame upholstered seat supplier to Russia, with a 56% share of total imports. Moreover, wooden frame upholstered seat imports from China exceeded the figures recorded by the second-largest supplier, Belarus (X units), fourfold. Malaysia (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+11.5% per year) and Malaysia (-11.4% per year).

In value terms, the largest wooden frame upholstered seat suppliers to Russia were China ($X), Belarus ($X) and Italy ($X), together comprising 66% of total imports. Poland, Malaysia, Vietnam, Bulgaria, Romania and Ukraine lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Vietnam, with a CAGR of +11.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden frame upholstered seat import price stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 45%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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