Indian Ceramic Tiles in Russia
Considered as one of the largest countries in the world by area, The Russian economy ranks as the 5th largest in Europe, 11th largest in the world by nominal GDP, and the 5th largest by PPP. Russia is one of the leading producers of oil and natural gas globally.
Russian ceramic tiles market has registered a growth in the timespan, giving an opportunity to foreign products to enter the market and occupy significant space. The main factors determining the development of the market of ceramic tiles and porcelain tiles include the economic situation of the country defined through the dynamics of GDP, population incomes, growth rates of industrial production, trade, and inflation, the low exchange rate of RUB (Russian Rouble) against major world currencies, etc.
Russian companies are using imported equipment which helps in the manufacturing of innovative and creative designs for ceramics which in turn increases the demand for ceramic materials and finished products in terms of imports. Also, because of the unique traits of ceramic materials such as the availability of versatile material which is open to innovation and technology; makes it to be more in demand.