Last year, the value of Russian furniture imports rose by 32% vis à vis 2020 to US$2.464bn - equivalent to approximately €2.2bn. The increase rates were in the double-digit percentage range in every quarter (Q1: +19%, Q2: +80%, Q3: +56%, Q4: +38%). According to figures published by the Russian customs authority, the increase rates for the year as whole were particularly high in the case of deliveries from China (+47%) and Belarus (+35%). Comparatively low growth rates of +5% and +2%, respectively, had been recorded in the preceding year. Following a decline of almost one-third for 2020 as a whole, imports from South Korea increased again by 54% in 2021. South Korea thus climbed to third place in the rankings of most important markets for Russian furniture imports, thereby causing Italy to slip into fourth place. Furniture imports from Italy rose by 15%. More furniture was also imported from Poland (+21%) and Germany (+17%) again, after a decline had been recorded for both countries in the preceding year. In the fourth quarter, Russia furniture at a value of US$690.9m.
Russian furniture imports rise by one-third in 2021
© 2022 EUWID Europäischer Wirtschaftsdienst GmbH | All Rights Reserved.
Copyright notice The regular and systematic circulation of price tables from the EUWID Premium section is not permitted. Only one copy is permitted to be printed out for the purpose of circulation within the company. Distribution of EUWID price tables by intranet or by E-Mail within a company, throughout a group of companies, to customers, or to independent sales representatives is not permitted and constitutes an infringement of copyright law.