In 2021, the volume of furniture exports from Russia to Italy reached 36.2 million USD. This represents a 86% 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 share of Italy in Russian furniture exports is as much as 2.50% in 2021, which is lower than in 2019 (2.53%) but higher than in 2020 (2.40%).
Furniture exports to Italy consist mainly of
- parts (73.3%), with wooden parts being the top product groups here,
- and wooden furniture for dining and living rooms, priced higher than 1.8 EUR per kilo (18.3%).
These categories together provide more than 91% of the total value of furniture exported to this country. Each other furniture category accounts for 2% or less.
The growth in 2021 was mainly driven by parts (+56%).
The average price for furniture exported to this country is lower than average, although the annual trend is upward. In 2021, the average price declared at customs reached 1.39 USD per kilo (previously 1.16 USD in 2019 and 1.14 USD in 2020). This growth goes hand in hand with general annual increase of the average price for Russian furniture exports.
The weighted average of the currency exchange rate was 73.6541 RUB for 1 USD in the current period under review. This rate shall be used to accurately convert the exported value to rubles.
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.
