-10.5 C
Moscow
Tuesday, December 6, 2022
spot_img

Up by 35.8% in real terms

(+45%) Furniture Production • Jan-Apr 2021/20

From January to April 2021, the furniture production volume in Russia reached 88.8 billion rubles. This represents a 44.9% increase to the corresponding period of the previous year in current prices, not adjusted for inflation.

Rising costs of raw materials and components all over the world contribute to the rise in prices for Russian-made furniture, too. If taking into account the furniture manufacturers’ price change (+9.08%) in the reporting period, the production volume dynamics in real terms, adjusted for inflation, amounts to +35.8%.

The furniture production in physical terms (units) raised at 32.2% year-over-year. Growth of production in units is lower than inflation-adjusted value dynamics, indicating that manufacturers’ margins increased moderately during the reporting period, and that some more expensive furniture was brought to the market compared to the previous year.

Current production levels are well above pre-pandemic volume, so the furniture production is not only boosted by adapting of the market to the effects of the pandemic, but rather determined by long-term economic factors and demand. Compared to the corresponding period of the pre-pandemic year 2019, the Russian furniture production went up by 45.7% in current prices of the period measured.

The weighted average of the currency exchange rates were 74.7805 RUB for 1 USD, and 89.983 RUB for 1 EUR in the current period under review.

The so-called operational production data provided here is a preliminary estimate, made by the Federal Statistical Service of Russia immediately after the reporting month. Statistical reports of a number of enterprises are sometimes delayed, which affects the estimation accuracy. That’s why this preliminary estimate is subject to change once the final annual report is ready and published by Rosstat. The updated numbers and most actual data shall be included into our extended Market Reports.

SourceRosstat

Related Articles

(+19%) Furniture Production • Jan-Sep 2022/21

From January to September 2022, the furniture production volume in Russia reached 258.38 billion rubles. This represents a 19.44% increase to the corresponding period...

(+21%) Furniture Production • Jan-Aug 2022/21

From January to August 2022, the furniture production volume in Russia reached 227.49 billion rubles. This represents a 21.19% increase to the corresponding period...

(+23%) Furniture Production • Jan-Jul 2022/21

From January to July 2022, the furniture production volume in Russia reached 198.2 billion rubles. This represents a 23.26% increase to the corresponding period...

LATEST MARKET STUDY

spot_img

COVID-19 CASES

Russia
207,358
Total active cases
Updated on 06.12.2022 07:13
21,623,268
Total confirmed cases
Updated on 06.12.2022 07:13
392,283
Total deaths
Updated on 06.12.2022 07:13
21,023,627
Total recovered
Updated on 06.12.2022 07:13

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
65.9017
USD
62.8650

Latest Articles