Lamps (Russian market)

Chronicle

2023: Sales of chandeliers and lamps increased in Russia

In 2023, approximately 143.5 million chandeliers and lamps were sold on the Russian market. This is 2.8% more compared to the previous year, when sales were estimated at 139.6 million units. Such data are given in the BusinesStat study, the results of which are presented on July 25, 2024.

It is noted that the bulk of the industry under consideration in the Russian Federation is occupied by imported products supplied mainly from China. Domestic manufacturers hold only a small market share, since it is difficult for them to compete with inexpensive products from the PRC. At the same time, the imposition of sanctions in the context of a deteriorating geopolitical situation allowed Russian companies to strengthen their positions by occupying market niches, which were vacated after the departure of foreign brands such as Legrand and Signify. Among the significant domestic players are named "IEC Holding," "TD Morozova," "MGK" Light Technologies, "" Lampiris Plant "and " Ardatov Lighting Plant. "

It is estimated that about 143.6 million chandeliers and lamps were sold in Russia in 2019. In 2020, the volume of sales decreased by 4.9% - to 136.6 million units. The chandelier and luminaire market is heavily dependent on the construction sector. However, against the backdrop of the COVID-19 pandemic, the activities of construction sites in many regions of the Russian Federation were suspended for several months, which provoked a decrease in demand for lighting equipment.

In 2021, an increase of 10.4% was recorded with a final result of 150.8 million products sold. In 2022, sales of chandeliers and lamps decreased by 7.4%, which is due to sanctions restrictions. But already in 2023, according to BusinesStat analysts, the main difficulties were overcome, and the industry returned to growth. Experts believe that the greatest potential for the development of domestic production is concluded in the segments of architectural, industrial and street lighting.^[1]

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