Continuous fall in German and Italian furniture production

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ITTO
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The value of wooden furniture production in Italy is estimated to have fallen 8% to €7.45 billion in 2013, continuing the decline of the previous two years. Italian manufacturers recorded a 1% decrease in export market sales during 2013, from €4.27 billion to €4.21 billion. Continuing weakness in the Italian domestic furniture market led to a sharp 9% decline in imports from €702 million to €636 million. Overall wooden furniture consumption in Italy is estimated to have fallen 15% from €4.57 billion to €3.88 billion during 2013.

After a year of relative stability in 2012, the German wooden furniture market declined in 2013. German wooden furniture production is estimated to have fallen by 5% from €6.91 billion in 2012 to €6.57 billion in 2013, mainly due to a 6% decrease in domestic market consumption from €8.27 billion to €7.81 billion in 2013. Between 2012 and 2013, German wooden furniture exports decreased 14% from €2.65 billion to €2.28 billion, while imports decreased 12% from €4.01 billion to €3.52 billion.

Meanwhile Poland, a country which has seen significant inward investment in furniture production capacity in recent years, recorded a 7% increase in production value from €3.81 billion in 2012 to €4.01 billion in 2013. This reverses a slight decline the previous year. The rise in production was mainly due to growth in the local market. Poland's domestic consumption of wooden furniture increased 30% to reach €936 million in 2013, the highest level for four years. Poland‟s wooden furniture exports remained stable at around $3.35 billion in both 2012 and 2013.

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