In 2021, the volume of furniture imports from China to Russia reached 771.1 million USD. This represents a 39.1% 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 China in Russian furniture imports is as much as 30% in 2021, which is higher than in 2019 (25%) and 2020 (28%).
Furniture imports from China consist mainly of
- parts (20.5%), with parts of seats and metal parts being the top product groups here,
- upholstered seating furniture with metal frames (11.9%),
- swivel chairs with variable height adjustment (11.9%),
- metal furniture excluding beds or professional furniture (11.8%),
- and seating furniture with metal frames, excluding upholstered, swivel chairs with variable height adjustment, medical, dental or surgical furniture (7.3%).
These categories together provide more than 63% of the total value of furniture imported from this country. Each other furniture category accounts for 3% or less.
The growth in 2021 was mainly driven by
- parts (+65%),
- swivel chairs with variable height adjustment (+54%)
- metal furniture excluding beds or professional furniture (+44%).
Some smaller scale categories also showed a higher than average increase, for instance:
- upholstered seating furniture with wooden frames (+50%),
- seating furniture with wooden frames, excluding upholstered (+42%),
- metal beds (+50%).
The average price for furniture imported to Russia from this country is growing consistently. In 2021, the average price declared at customs reached 3.97 USD per kilo (previously 3.49 USD in 2019 and 3.58 USD in 2020). For the first time ever, the average price for furniture imported from China equaled the average price for all furniture imported to Russia.
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 imported value to rubles.
The imported volume reported by the Russian Federal Customs Service is often different from the relative trade numbers declared by origin country (i.e. so called mirror data). This is due to specifics of procedures and customs clearance in the Eurasian Economic Union (with the common outer border and no customs barriers between Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan) and partial shift of imports to the statistical “gray zone”. It’s important to bear this factor in mind when estimating the real weight of imports in the Russian furniture market. We always run such a cross-check within our extended Market Reports.
The imports 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.