Russia Soft Furniture Market
The purpose of the report is to describe the state of the Russian soft furniture market, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2012, and also, to build a forecast for the development of the industry in the medium term until 2017.
The volume of production of soft furniture in 2011 was valued at about 15.1 billion RUR. The production in January – October 2012 amounted to 11.3 billion RUR, which is 5.5% lower than in 2011. The principal cause of the decline in production was the decrease in manufacturers’ prices.
The soft furniture market is tightly connected to the state of the housing industry, as well as the level of social welfare. In contrast to the European model of consumption, where the furniture is update on average every 3 – 5 years, the Russians want to acquire reliable and durable furniture.
Since most of the Russian manufacturers of soft furniture work in the economy segment, the problem of low prices of Chinese imported furniture in recent years has become very important. Table of Contents 1. Executive summary 2.