Product Code: ETC009752 | Publication Date: Jun 2023 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
russia Furniture Market registered a growth of 26.91% in value shipments in 2021 as compared to 2020 and a decrease of -2.38% CAGR in 2021 over a period of 2017. In Furniture Market russia is becoming less competitive as HHI index in 2021 was 1730 while in 2017 it was 1395. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
russia has reportedly relied more on imports to meet its growing demand in Furniture Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Furniture Market in 2021 was 1.83 while in 2017 it was 2.88. Belarus, China, Poland, Italy and Lithuania were among the top players of the market in 2021, where Belarus acquired the largest market share of 34.46% with a shipment value of 179.81 million USD in 2022 Belarus also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Furniture Market. In 2017 Belarus had the largest market share of 25.04% with the shipment value of 116.11 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Belarus offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the russia Furniture Market in 2017.
The furniture market in Russia is expected to grow at a CAGR of 3.6% during the forecast period 2020-2026. The increasing demand for furniture due to rising urbanization and changing lifestyle, increasing disposable income, growing prevalence of online sales channels are some of the major drivers fueling the growth of the Russian furniture market. Moreover, technological advancement and emergence of smart home furnishings are likely to create lucrative opportunities for key players operating in this market over the forecast period. However, geopolitical tensions between Russia and other countries may impede growth prospects of this regional market over the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Russia Furniture Market Overview |
3.1 Russia Country Macro Economic Indicators |
3.2 Russia Furniture Market Revenues & Volume, 2019 & 2026F |
3.3 Russia Furniture Market - Industry Life Cycle |
3.4 Russia Furniture Market - Porter's Five Forces |
3.5 Russia Furniture Market Revenues & Volume Share, By Material Types, 2019 & 2026F |
3.6 Russia Furniture Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Russia Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Russia Furniture Market Trends |
6 Russia Furniture Market, By Types |
6.1 Russia Furniture Market, By Material Types |
6.1.1 Overview and Analysis |
6.1.2 Russia Furniture Market Revenues & Volume, By Material Types, 2016 - 2026F |
6.1.3 Russia Furniture Market Revenues & Volume, By Plastic, 2016 - 2026F |
6.1.4 Russia Furniture Market Revenues & Volume, By Wood, 2016 - 2026F |
6.1.5 Russia Furniture Market Revenues & Volume, By Metal, 2016 - 2026F |
6.1.6 Russia Furniture Market Revenues & Volume, By Other, 2016 - 2026F |
6.2 Russia Furniture Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Russia Furniture Market Revenues & Volume, By Residential, 2016 - 2026F |
6.2.3 Russia Furniture Market Revenues & Volume, By Commercial, 2016 - 2026F |
7 Russia Furniture Market Import-Export Trade Statistics |
7.1 Russia Furniture Market Export to Major Countries |
7.2 Russia Furniture Market Imports from Major Countries |
8 Russia Furniture Market Key Performance Indicators |
9 Russia Furniture Market - Opportunity Assessment |
9.1 Russia Furniture Market Opportunity Assessment, By Material Types, 2019 & 2026F |
9.2 Russia Furniture Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Russia Furniture Market - Competitive Landscape |
10.1 Russia Furniture Market Revenue Share, By Companies, 2019 |
10.2 Russia Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |