High fragmentation continued to be specific for Russian homewares. Groupe Arc International stayed the leader within the category. Its main brand, Luminarc, is highly recognisable and appreciated by local consumers. 2014 Pasabahçe Cam San ve Tic AS increased production volume through manufacturing modernisation.
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As homewares are not perceived by consumers as essentials, future economic stagnation will have significant negative impact on demand. The ongoing decline of the local currency’s value, and high dependence of homewares demand on imports of both ready-made products and components and equipment for local production, are two factors significantly impacting the expected price increase. As a result sales will drop by 8% in 2015 at constant 2014 prices.
Homewares Market ResearchAnalyse key trends and developments in Russia for all product categories, competitors and channels.
Evaluate the market position and financial performance of the leading national and international market players.
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