Tag: furniture

Russian furniture may become 15% more expensive because of duties imposed on Chinese hardware

The Russian customs office has sharply increased the duty on furniture hardware imported from China, as reported by Forbes referencing the Association of Furniture and Woodworking Enterprises of Russia. Starting from fall 2024, the Vladivostok Customs Office, through...

Timur Irtuganov, Director General, AFWIER: “The Russian furniture industry has all of a sudden turned “from a Cinderella into a princess” of the timber industry over the past 10 years”

The Association of Furniture and Woodworking Enterprises of Russia (AFWIER) is a voluntary professional & civil society non-profit organization established in 1997 to consolidate the efforts of overcoming crisis phenomena in the furniture and woodworking industry and creating...

Retail furniture sales in Russia grew by 10% in H1 2024

In H1 2024, the volume of retail furniture sales in Russia rose by 10% YoY, up to almost 250 billion rubles, as reported by Rossiyskaya Gazeta (“Russian Newspaper”) referencing the Association of Furniture and Woodworking Enterprises of Russia....

Russian furniture producers faced a growth of component prices

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...

Furniture producers from the Kaliningrad Region are requesting to impose a bankruptcy moratorium

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...

Association of Furniture and Woodworking Enterprises of Russia: furniture production in Russia surged by 33% in 2023, up to 66.7 million pieces

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

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 furniture output surged

In January—September 2023, the Russian furniture output surged by 27.3% YoY, reaching 46.7 million pieces, as reported by Rossiyskaya Gazeta referencing the Association of Furniture and Woodworking Enterprises of Russia. In September 2023, the furniture output increased by...

Association of Furniture and Woodworking Enterprises of Russia: Russian furniture producers replaced IKEA products over the year

Russian furniture producers were able to fully take over IKEA’s share in the Russian market, as reported by Izvestia referencing studies of the Association of Furniture and Woodworking Enterprises of Russia. According to the Association, in 2021, the...

Association of Furniture and Woodworking Enterprises of Russia: In H1 2023, the Russian furniture output increased

Based on the H1 2023 performance, the furniture output in physical terms grew by 8.6% YoY, up to 28.8 million units, as reported by Kommersant referencing data from the Association of Furniture and Woodworking Enterprises of Russia. Particularly...

Ormatek will start producing furniture and mattresses in the Rostov Region

Ormatek, a company producing and selling sleeping goods, is planning to start making mattresses and furniture in the Rostov Region by the fall of 2023, as was announced at the Innoprom Forum in Yekaterinburg. According to the Investment...

Almost every fifth Russian saves money for furniture after buying real estate

According to a study by Yandex.Realty, buying an apartment forces 32% of respondents to start saving money primarily for renovation, 29% begin to think about traveling, and 18% of the surveyed start saving for furniture. For this reason,...