Russian Federation: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in the Russian Federation

The Russian wooden kitchen furniture market reduced to $X in 2022, with a decrease of -8.5% against the previous year. In general, consumption continues to indicate a deep contraction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Wooden Kitchen Furniture Production in the Russian Federation

In value terms, wooden kitchen furniture production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 101% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Wooden Kitchen Furniture Exports

Exports from the Russian Federation

In 2022, after three years of decline, there was significant growth in shipments abroad of wooden furniture for kitchens, when their volume increased by 28% to X units. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 251% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden kitchen furniture exports fell to $X in 2022. Over the period under review, exports posted temperate growth. The pace of growth was the most pronounced in 2018 with an increase of 114% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X units), Kazakhstan (X units) and Germany (X units) were the main destinations of wooden kitchen furniture exports from Russia, together accounting for 53% 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 Lithuania (with a CAGR of +231.5%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) remains the key foreign market for wooden furniture for kitchens exports from Russia, comprising 29% of total exports. The second position in the ranking was taken by Belarus ($X), with a 13% share of total exports. It was followed by Lithuania, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan stood at -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+51.0% per year) and Lithuania (+205.6% per year).

Export Prices by Country

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, with a decrease of -26.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2019 an increase of 52% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 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 the United States ($X per unit), while the average price for exports to Lithuania ($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 the United States (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Kitchen Furniture Imports

Imports into the Russian Federation

In 2022, approx. X units of wooden furniture for kitchens were imported into Russia; reducing by -8.8% on the year before. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2014 when imports increased by 34%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, wooden kitchen furniture imports contracted to $X in 2022. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belarus (X units) constituted the largest wooden kitchen furniture supplier to Russia, accounting for a 56% share of total imports. Moreover, wooden kitchen furniture imports from Belarus exceeded the figures recorded by the second-largest supplier, Lithuania (X units), threefold. The third position in this ranking was taken by Bosnia and Herzegovina (X units), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from Belarus totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+1.4% per year) and Bosnia and Herzegovina (+79.0% per year).

In value terms, Belarus ($X), Germany ($X) and Italy ($X) constituted the largest wooden kitchen furniture suppliers to Russia, together comprising 93% of total imports. Poland, Lithuania, Armenia, China, Bosnia and Herzegovina and Ukraine lagged somewhat behind, together comprising a further 5.7%.

Armenia, with a CAGR of +80.3%, saw the highest rates of growth with regard to 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

In 2022, the average wooden kitchen furniture import price amounted to $X per unit, picking up by 3.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 58%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for Ukraine ($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 (+21.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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