Timber industry research & analytics Furniture 
Russian furniture producers faced a growth of component prices
July 23, 2024 ` 10:32
Domestic producers have faced a considerable growth of component prices for furniture production. This problem was discussed by participants of the V All-Russian Conference of Furniture Producers. The event was organized by the Association of Furniture and Woodworking...
Association of Furniture and Woodworking Enterprises of Russia: in Q1 2024, furniture production grew considerably
June 21, 2024 ` 18:58
According to a quick-look estimate by the Association of Furniture and Woodworking Enterprises of Russia, the Russian furniture production volume increased in both monetary and physical terms in Q1 2024: by 24% YoY and 27% YoY, respectively. 17.6...
Russian Timber Journal 04-2024: Interview with Nadezhda Ryazantseva, Analytics Director, Segezha Group; European Union imposes anti-dumping duties on birch plywood from Kazakhstan and Turkey; VLP Group purchased all assets of Metsä Group in the Leningrad Region; Sheksna Wood-Based Panels Plant launched a new MDF production line; after a two-month growth, the plywood production in Russia dropped by 6.2% MoM in April; Ilim Group is planning to implement two investment projects in the Irkutsk Region; in Q1 2024, furniture production grew considerably; in Q1 2024, the roundwood export from Russia grew by 14.6%; birch veneer export from the Vologda Region surged by almost one third
June 17, 2024 ` 16:40
Russian Timber Journal 04-2024: Nadezhda Ryazantseva, Analytics Director, Segezha Group: “In Q1 2024, we saw an increase of demand and prices in some locations”; the European Union announced the imposition of anti-dumping duties on Kazakhstan and Turkey of...
Russian Timber Journal 03-2024: Interview with Evgeny Peshin, Head of Neoparma LLC; a shortage of high-quality raw material for plywood may emerge in the Russian market; Segezha Group published its financial and operational performance results for Q4 2023; International Paper acquires DS Smith for $7.2 billion; Russian timber harvest reached 188 million m³ in 2023; built-in furniture may be included in the mortgage amount; in 2024, Ilim Group is planning to increase its product shipments to China to 2.4 million t; in 2023, investment in the Russian timber industry dropped by 4.8%, down to 188.8 billion rubles
May 2, 2024 ` 15:49
Russian Timber Journal 03-2024: Evgeny Peshin, Head of Neoparma LLC: “Our line is designed for small and medium companies, and this category of entrepreneurs has no access to investment funds”; a shortage of high-quality raw material for plywood may emerge...
In 2023, investment in the Russian timber industry dropped by 4.8%, down to 188.8 billion rubles
April 18, 2024 ` 18:59
The value of investments in the Russian timber industry reduced by 4.8% in 2023 compared to the record-setting performance of 2022; it amounted to 188.8 billion rubles, which is comparable to the 2021 level, according to Roslesinforg. Over...
Furniture producers from the Kaliningrad Region are requesting to impose a bankruptcy moratorium
March 26, 2024 ` 17:09
The Association of Kaliningrad Furniture Producers filed a request to Anton Alikhanov, Governor of the Kaliningrad Region, to impose a region-wide 1-year moratorium on initiating bankruptcy cases in relation to debtors from the furniture industry. Industry representatives note...
Russian Timber Journal 01-2024: Interview with Russ Taylor, President of the international consulting company Russ Taylor Global; Sawmilling market in Russia in 2023: reducing production volumes for the second consecutive year; Suez Canal traffic down 60%; The volume of transported timber grew by 12.9% in 2023; VLP Group may purchase Metsä’s timber assets in Russia; Ufa Plywood Mill is listed for sale for 1 billion rubles; In 2023, timber transportation by the Russian Railways network reduced by 9.1%, down to 37.1 million t; As of January 1, 2024, the VAT rate for children’s furniture is reduced from 20% to 10%; Saint Petersburg R&D Institute levied 1.3 billion rubles from IKEA after it refused to build the Mega Shopping Mall
February 20, 2024 ` 19:12
Russian Timber Journal 01-2024: Interview with Russ Taylor, President of the international consulting company Russ Taylor Global; Sawmilling market in Russia in 2023: reducing production volumes for the second consecutive year; Suez Canal traffic down 60%; The volume of transported...
Association of Furniture and Woodworking Enterprises of Russia: furniture production in Russia surged by 33% in 2023, up to 66.7 million pieces
January 22, 2024 ` 22:47
Production of kitchen furniture (tables, cabinets, etc.) soared the most—by 81%. The output increased by 23% YoY in monetary terms, up to 438 billion rubles (it was 356 billion rubles in 2022). Furniture prices in the domestic market...
In 2024, Askona is planning to open up to five new hypermarkets
January 18, 2024 ` 23:29
Askona Group is planning to open three to five new hypermarkets in 2024, as Alexander Manenok, Group CEO, shared in an interview with TASS. In summer 2023, the company opened its first hypermarket in Moscow called Askona Home....
Russian Timber Journal 11-2023: Segezha Group’s financial and operating results for Q1-Q3, 2023 and scenarios for 2024; Financial performance of the Russian timber industry began to improve but is still far from the 2021 peaks; Rates of timber harvest decline relative to 2022 are decelerating; Russian plywood production reached 3 million m³ over 11 months of 2023; Construction of a packaging plant worth 19 billion rubles began in the Moscow Region; Ilim Group completed the construction of a pulp-and-cardboard mill
January 15, 2024 ` 10:40
Russian Timber Journal 11-2023: Segezha Group shared its performance over 9 months of 2023, WhatWood quotes the company’s key production and financial performance indicators and presents an adapted management report; According to an estimate by WhatWood, in 2022,...
Russian Timber Journal 10-2023: Interview with Andrey Krivoshein, Vice President of the Chamber of Commerce and Industry of Komi; Russia’s wood pellet industry: from a rapid growth to challenging times; US housing starts unexpectedly rise to a six-month high; Russian roundwood price growth accelerated in November; A large particleboard production site is planned in the Penza Region; Russian plywood output increased in October 2023; Komi is planning to double its wood pellet consumption due to boiler houses upgrading
December 27, 2023 ` 15:59
Russian Timber Journal 10-2023: Andrey Krivoshein, Vice President of the Chamber of Commerce and Industry of Komi: “Conversion from fuel oil and coal to biofuel will have a huge synergy effect”; Russia’s wood pellet industry: from a rapid growth to...
Demand for furniture boards exceeded the supply in October
December 18, 2023 ` 20:26
In October 2023, a regular high furniture season came, which coincided with the relatively high demand for furniture boards that had persevered throughout the summer. However, if the demand matched the supply of boards in summer, now the...
