Prices for large home appliances in Russia have climbed by about 8 to 10 percent on average, according to reports from Kommersant citing distributors and retailers. The rising price pressure in the market stems from a mix of supplier notices, currency dynamics, and broader supply chain challenges that have touched multiple brands and product categories. In April, several vendors received notices from suppliers indicating that the price tags on Chinese-made Hisense devices would go up by roughly 4 to 7 percent, a move seen across several distribution channels and retail outlets.
Gorenje, a Slovenian brand that operates under the Hisense umbrella, confirmed price increases of at least five percent. This adjustment aligns with the broader trend of costs moving higher as imports face both currency headwinds and shifts in the wholesale pricing landscape. The varying rates of increase across brands reflect differences in contract terms, import volumes, and the timing of inventory that retailers currently hold. Experts point to the ruble’s exchange rate as a significant factor that can push consumer prices higher, especially for goods whose components or finished products are sourced abroad.
Beyond currency effects, market participants note that shortages in certain popular categories have tightened the market. For instance, supply gaps in specific Samsung and LG television models have contributed to price pressures, as retailers contend with limited stock and heightened demand for those high-demand screens. This dynamic creates a situation where retailers may adjust pricing to balance inventory levels, maintain margins, and cover higher wholesale costs.
Gleb Mishin, who heads the Russian representative office for the Candy-Hoover Group, explained that the exchange rate compelled his companies to raise product prices as well. While he did not provide exact figures, the message underscored the broader impact of currency movements on consumer electronics and household appliances. The public finances and policy environment also play a role. Earlier, discussions emerged around the ruble’s exchange rate, with officials suggesting that the exchange rate needed to reflect stronger fundamentals than what was currently observed.
Retailers and manufacturers continue to monitor global supply chains, import costs, and currency fluctuations as they shape the pricing landscape. Consumers may notice price changes not only on new stock but also in promotions and bundle offers, where retailers attempt to manage inventories amid ongoing volatility. In this context, price adjustments are not isolated to a single brand or category but represent a broader recalibration across the market.
Taken together, these factors illustrate a market in transition: costs are adapting to external pressures, demand remains robust for certain appliances, and retailers are navigating scarce supply in key models. The interplay between exchange-rate movements, supplier price notices, and category-specific shortages is likely to keep price levels responsive in the near term, even as some brands seek to stabilize pricing through longer-term contracts or adjusted wholesale strategies. As observers note, the balance between affordability for consumers and earnings for retailers will continue to shape pricing decisions in the months ahead.