The price outlook for a basic apartment furniture package—encompassing a kitchen set, a wardrobe, a bed, and a TV stand—shows a potential rise of about 15% in 2024. This assessment comes from market discussions led by Sergey Shikhov, who serves as the general director of a leading furniture firm. He notes that the trend mirrors the patterns seen over the past year, with several cost drivers continuing to push prices higher across product categories.
In a wider view of the industry, Shikhov explains that the anticipated 15 percent price uptick for 2024 reflects ongoing pressures from energy costs, including higher fuel and electricity bills, as well as increased logistics expenses. These factors add to the overall cost structure faced by manufacturers, distributors, and retailers, making inflationary pressures a persistent theme in the furniture market. The market observers expect these costs to have a measurable impact on the final prices paid by consumers, even as producers seek to manage margins thoughtfully.
Looking at the specific price point for a basic furniture kit, the expert estimates that consumers in Russia could see this package priced around 280 thousand rubles. This figure provides a practical benchmark for households planning furniture purchases and helps illustrate how a combination of raw materials, energy, and logistics translates into consumer cost. The calculation takes into account the value of the components, the labor involved in manufacturing, and the distribution network that brings products to retail floors.
Shikhov also points to another key factor shaping prices: a potential shortage of skilled personnel. He argues that if workers become scarce, employers may raise wages to retain experienced specialists, including those working in production facilities. This dynamic can ripple through the supply chain, influencing product availability and pricing. In response, industry participants are urging buyers to consider timing in their purchasing decisions. Seasonal buying patterns can offer some opportunities for savings when products are purchased in the off-peak season—for example, selecting summer inventory during winter and vice versa.
Earlier market analyses cited related price movements in the Russian cabinet sector, noting a substantial year-over-year increase in kitchen cabinet costs. The documented rise underscores the broader trend of rising unit prices across home furnishings as companies navigate material costs and labor market constraints. These observations fit into a larger narrative about domestic furniture production and its ongoing evolution in large urban centers, where demand remains strong even as price pressures intensify.
Overall, the furniture sector continues to adapt to the mix of cost pressures and supply considerations that characterize today’s market. While producers strive to cushion the impact on consumers with efficiency gains and careful pricing, the underlying forces shaping costs—energy, transport, and labor—are expected to persist. For households planning purchases, this means weighing the timing of a purchase against the potential for future price movements and considering how seasonal buying can help stretch a budget without compromising quality.