Friday, March 29, 2024
8 C
Tashkent
spot_img

Share of exports 14.7%

(+20%) Furniture Exports • RUS • Jan-Feb 2021/20

From January to February 2021, the volume of furniture exports from Russia reached 82.6 million USD. This represents a 19.5% increase to the corresponding period of the previous year. This gross estimation also includes parts of furniture, mattresses, bedding, mattress supports, healthcare and other professional furniture, so the HS codes 9401, 9402, 9403, 9404 are considered.

The weighted average of the currency exchange rate was 74.3027 RUB for 1 USD in the current period under review. This rate shall be used to accurately convert the exported value to rubles, for further market analysis in parallel to furniture imports and domestic production numbers given in current manufacturers’ prices.

Within the recent years, Russian manufacturers are consistently investing their resources into product development and promotion in foreign markets, including exhibition activity. Each year, more and more newcomers are joining the pool of exporting enterprises in the Russian furniture industry, with a constant positive dynamics of those shipments being shown for several years in a row.

Ten years ago, the share of exported furniture produced by the Russian manufacturers accounted only about 6% of the entire output. Currently, as per our calculation, the export ratio within domestically manufactured furniture is reaching 14.7% in the reporting period.

The exports data provided here is a preliminary estimation made by the Russian Federal Customs Service immediately after the reporting period, available at the time this news item is being published. Evidently, numbers are subject to change: the Customs update their analytics retrospectively, even a long time after the reporting period is finished. Those updated numbers and most actual data shall be included into our extended Market Reports.

Related Articles

(−24%) Furniture Exports • UZB • Jan-Mar 2023/22

From January to March 2023, the volume of furniture exports from Uzbekistan reached 3.6 million USD. This represents a 24.2% decrease compared to the...

(+140%) Furniture Exports • UZB • Annual Change 2022/21

From January to December 2022, the volume of furniture exports from Uzbekistan reached 21.3 million USD. This is 2.4 times higher compared to the...

(+210%) Furniture Exports • UZB • Jan-Sep 2022/21

From January to September 2022, the volume of furniture exports from Uzbekistan reached 16.2 million USD. This is 3.1 times higher compared to the...

LATEST MARKET STUDY

spot_img

Macroregional Context

PARTNER'S ADVERTISINGspot_img