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Learn moreJan 2021
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Due to the outbreak of COVID-19 in Russia, volume sales of refrigeration appliances are set to decline, moving from 7% volume growth in 2019, to a significant decline of 9% in 2020. Sales were further impacted as the category is yet to recover from the economic crisis of 2014-2015, with the outbreak of COVID-19 further dampening sales.
With all areas set to record a decline in 2020, it is freezers that is set to register the weakest decline of 1% in 2020. Freezers managed to capture sales since the lockdown started in Russia in March, with consumers looking to stockpile frozen goods, worried that the COVID-19 pandemic would impact future supply issues in the country.
Refrigeration appliances will continue to be led by Indesit RUS OOO in 2020, and the player is set to increase its share on the landscape, despite the outbreak of COVID-19 leading to a decline in retail volume growth for the company. The player benefits from its range of products including Indesit, Hotpoint-Ariston, Ariston and Stinol.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Refrigeration Appliances industry in Russia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Refrigeration Appliances industry in Russia, our research will save you time and money while empowering you to make informed, profitable decisions.
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Why buy this report?
This industry report originates from Passport, our Consumer Appliances market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.