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HOME REGIONS Russia & CIS › GfK reports Russian market growth

GfK reports Russian market growth

by Stuart Wilson, Friday 21 March 2014

Research house GfK’s latest analysis of the ICT, telecoms and consumer electronics market in Russia claims that the total market value rose 2.4% year-on-year in calendar 2013 to hit RUB1.4 trillion (US$38.1 billion). The increase was driven by a strong telecoms sector that climbed 12.2% year-on-year to hit a value of RUB272 billion (US$7.52 billion), driven by increased smartphone sales.

GfK stated: “Telecommunications continues to be the fastest growing market, with smartphones driving sales. Smartphone annual sales were 52% higher in volume and almost 35% higher in value in 2013 compared to 2012.”

During the fourth quarter of 2013, GfK reported higher sales year-on-year in both the telecoms and small and major domestic appliances categories.

In the IT segment, GfK saw continued changes in form factor demand with tablets, ultrabooks and hybrids seeing strong year-on-year growth in the fourth quarter of 2014. In contrast, traditional desktop and notebook form factors saw a sales decline.

According to GfK’s research the total value of the Russian IT market in calendar 2013 hit RUB377.5 billion (US$10.4 billion).

GfK’s research measures the size of what it terms the ‘technical consumer goods’ market, which includes the following product categories: consumer electronics; photo; major domestic appliances; small domestic appliances; IT; telecoms, office equipment and consumables.

GfK is an Event Partner at DISTREE Russia & CIS 2014

DISTREE Russia & CIS 2014

DISTREE Russia & CIS is the region’s premier annual channel event for vendors looking to manage, build or launch channels in this strategically important market. Leading retailers, resellers and distributors from across Russia & CIS attend the event, allowing vendors to accelerate their channel development and drive business success across Russia & CIS.

DISTREE Russia & CIS operates a unique business model based on an ‘invitation only’ event format, offering a compelling mix of pre-scheduled one-on-one meetings, keynotes, awards and networking opportunities for vendors and channel executives operating in the Russia & CIS region. For more information, visit www.distree-russia.com.

DISTREE Russia & CIS 2014 is scheduled to take place place at the Pulkovskaya Radisson Hotel in St. Petersburg from June 24th to 26th. Vendors wishing to attend the event should contact fsimard@distreevents.com quoting code DRU14.


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