Russian Federation: Wooden Frame Market 2024

Wooden Frame Market Size in the Russian Federation

The Russian wooden frame market fell rapidly to $X in 2022, with a decrease of -16% 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 recorded a deep setback. Wooden frame consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Wooden Frame Exports

Exports from the Russian Federation

In 2022, overseas shipments of wooden frames for paintings, photographs, mirrors or similar objects decreased by -6.9% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 246% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden frame exports declined to $X in 2022. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 336% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Armenia (X units) were the main destinations of wooden frame exports from Russia, together comprising 90% of total exports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +122.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden frame exported from Russia were Kazakhstan ($X), Belarus ($X) and Armenia ($X), with a combined 87% share of total exports.

Armenia, with a CAGR of +127.3%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average wooden frame export price amounted to $X per unit, reducing by -3.2% against the previous year. Over the period under review, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 26% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to Ukraine ($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 Latvia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into the Russian Federation

In 2022, the amount of wooden frames for paintings, photographs, mirrors or similar objects imported into Russia shrank to X units, dropping by -10% on the previous year. Over the period under review, imports faced a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 31% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden frame imports reduced remarkably to $X in 2022. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of wooden frame to Russia, accounting for a 76% share of total imports. It was followed by Estonia (X units), with a 2.5% share of total imports. The Netherlands (X units) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-16.4% per year) and the Netherlands (+20.6% per year).

In value terms, China ($X) constituted the largest supplier of wooden frames for paintings, photographs, mirrors or similar objects to Russia, comprising 46% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by Italy, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+28.1% per year) and Italy (-20.7% per year).

Import Prices by Country

In 2022, the average wooden frame import price amounted to $X per unit, dropping by -6.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 18%. The import price peaked at $X per unit in 2021, and then reduced in the following year.

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 the Netherlands ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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