In the second half of the second quarter of this year, furniture prices are expected to increase in the Russian domestic market. On average, prices may increase by 10-15%, opens The words of Sergey Shikhov, Managing Director of the Izvestia newspaper Mr.Doors.
Several factors will affect the upcoming increase in furniture prices in Russia. Key ones include the complexity of logistics, low availability of spare parts from European countries and others. He also explained that the increase in the final production cost will also be affected by the increase in the exchange rate.
“A 10-15% price increase is already possible in the second half of the second quarter of 2023. <….> Countries popular for parallel imports, such as Turkey and Kazakhstan, have become less accessible for complex European goods. These include spare parts for machine tools, for example. As a result, either the price of such goods increases, or the logistics become more complex, which, as a result, increases the cost, ”said Shikhov.
April 10, the newspaper “Kommersant”, citing data from the Union of Furniture and Woodworking Industries of Russia (AMDPR) knowledgeableHe said that the volume of furniture production in Russia has physically decreased by 10%. In January-February 2023, this figure fell to 7.9 million units.