In 2021, the volume of furniture exports from Russia to Ukraine reached 36.3 million USD. This represents a 48.8% 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 Ukraine in Russian furniture exports is as much as 5.4% in 2021, which is lower than in 2019 (4%) and 2020 (5.2%).
Furniture exports to Ukraine consist mainly of
- wooden furniture for dining and living rooms, priced up to 1.8 EUR per kilo (13.1%),
- parts (11.4%), with metal parts and other parts of seating furniture being the top product groups here,
- metal furniture excluding beds or professional furniture (10.3%),
- spring mattresses (10.1%),
- other articles of bedding and similar furnishing (5.1%),
- seating furniture convertible into a bed (4.6%),
- and fitted kitchen units of wood (4.3%).
These categories together provide more than 58% of the total value of furniture exported to this country. Each other furniture category accounts for 3% or less.
The growth in 2021 was mainly driven by
- metal furniture excluding beds or professional furniture (+210%). •
Some smaller scale categories also showed a higher than average increase, for instance:
- upholstered seating furniture with wooden frames (+113%),
- wooden furniture for dining and living rooms, priced higher than 1.8 EUR per kilo (+92%),
- metal cupboards with doors, shutters or flaps, for offices (+72%).
The average price for furniture exported to this country is higher than average, and the annual trend is upward. In 2021, the average price declared at customs reached 2.11 USD per kilo (previously 1.83 USD in 2019 and 1.62 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.