Russian Federation: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in the Russian Federation

After two years of decline, the Russian wooden office furniture market increased by 11% to $X in 2021. Overall, consumption, however, showed a abrupt decline. Wooden office furniture consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Wooden Office Furniture Production in the Russian Federation

In value terms, wooden office furniture production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wooden Office Furniture Exports

Exports from the Russian Federation

In 2021, approx. X units of wooden furniture of a kind used in offices were exported from Russia; jumping by 56% against the previous year's figure. Overall, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wooden office furniture exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for wooden office furniture exports from Russia, accounting for a 48% share of total exports. Moreover, wooden office furniture exports to Kazakhstan exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by Belarus (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+46.3% per year) and Belarus (+24.7% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for wooden furniture of a kind used in offices exports from Russia, comprising 47% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by Belarus, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+54.3% per year) and Belarus (+16.9% per year).

Export Prices by Country

The average wooden office furniture export price stood at $X per unit in 2021, falling by -17.8% against the previous year. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 12%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 India ($X per unit), while the average price for exports to Estonia ($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 India (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Office Furniture Imports

Imports into the Russian Federation

In 2021, overseas purchases of wooden furniture of a kind used in offices were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 39% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, wooden office furniture imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 when imports increased by 27%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Belarus (X units), Poland (X units) and Lithuania (X units) were the main suppliers of wooden office furniture imports to Russia, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +9.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Belarus ($X), Poland ($X) and Germany ($X) appeared to be the largest wooden office furniture suppliers to Russia, with a combined 68% share of total imports.

Poland, with a CAGR of +10.7%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average wooden office furniture import price amounted to $X per unit, falling by -10.3% against the previous year. In general, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 56%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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