Russia

As of May 2020, Euromonitor International has further downgraded the baseline global real GDP growth forecast for 2020 to a range of -4.0% to -1.5. Advanced economies are expected to be the hardest hit in this recession, with their economic activity ...

Russia’s real GDP will decline steeply in 2020. Russia faces a double hit from sharply lower oil prices and lockdown-driven deceleration in domestic demand in the context of the COVID-19 outbreak. Against this backdrop a sharp slump in economic ...

By 2024, the Russian government intends to have implemented a comprehensive transformation of the digital landscape across key economic and social areas. The “Digital Economy” special national project was developed for the 2019-2024 period with total...

In 2019, digital commerce continued to see strong double-digit current value sales growth. Remote digital commerce is growing rapidly, but it is far from saturation and lags behind its regional peers. While the largest cities generating a high ...

In 2019, digital commerce continued recording strong double-digit current value sales growth. Russia maintained its position as the largest market in Eastern Europe. The country is characterised by unequal digital development, which is due to ...

Cats remained more popular in terms of population size and ownership in Russia compared to dogs, resulting in the dominance of cat food in both volume and current value terms in overall pet care in 2020, although overall the category recorded ...

The prepared gap within dog food remained low in Russia in 2020, despite an increasing propensity amongst urban dog owners to purchase prepared options compared to feeding them from the table, as many dogs in the country are kept for practical ...

Pet care in Russia recorded a positive performance in 2020 although demand was marginally impacted by economic instability and ongoing price increases in the average unit price due to an increase in VAT. While this scenario supported demand for ...

Other pet food in Russia continued to experience steady but undynamic demand in 2020, while current value growth was driven by small mammal/reptile food, in line with the increasing popularity of both small mammals and reptiles as alternative pets to...

Pet healthcare and the niche of pet dietary supplements recorded strong performances in 2020, driven by the pet humanisation trend amongst cat and dog owners in particular. Despite ongoing economising amongst local consumers, Russians are unlikely to...

Russian households continue to be mired by a prolonged economic recession, which has impacted their purchasing power with regards to segments like appliances, digital services and property. Inflation has largely expanded faster than salaries, while ...

Home improvement saw steady growth in 2019, but prevailing economic uncertainty continued to hinder stronger development. As in other categories of home and garden price remained a key consideration with many households continuing to put off ...

Homewares recorded the slowest current value growth within home and garden in Russia in 2019. Local consumers do not generally consider homewares an essential purchase in comparison to some other home and garden categories. In addition, most ...

Home furnishings in Russia recorded stable current value growth in 2019, remaining in line with the performance seen in 2018. Postponed demand and a focus on value for money by local consumers remained the major trends, reflecting the general ...

Gardening was the most dynamic area of home and garden in 2019. The category continued to benefit from the growing use of so-called dachas or summerhouses, which were traditionally popular during the Soviet era when they offered an option for owners ...

Russia continued to face economic uncertainty despite some improvements. This was reflected in a cautious approach to spending with consumers increasingly looking for the best value and limiting purchases of home and garden products that are not ...

Major cities follow Moscow and St. Petersburg and continued to forbid street stalls/kiosks in 2019. Regional governments do not extend and have broken rental contracts with street stalls/kiosks players. One of the main reasons is the poor appearance ...

Middle and higher class consumers, as well as international tourists are the main audience for full-service restaurants. Consumers with lower incomes usually visit full-service restaurants for special occasions. Active renovation of full-service ...

Limited-service restaurants strengthens its leadership, generating half of foodservice value sales in Russia. Affordable prices together with active promotional campaigns through TV, radio, street advertising, Instagram and other social media ...

The popularity of cafés/bars has significantly decreased, due to consumer disposable incomes stagnating and exacerbated by increased prices. However, demand for high quality of service and food grows despite consumers not being ready to spend more. ...