European Household Furnishings, Equipment and Maintenance Nominal Expenditure Share by Country (Euros)

In 2023, Germany led European household furnishings expenditure with 22.1%, followed by the UK at 13.3% and Italy at 12.6%. Notable year-on-year increases were seen in Romania (12.2%) and Estonia (12.81%). Over the last two years, the Netherlands and Belgium showed significant expenditure growth, while Lithuania and Latvia exhibited prominent five-year CAGRs. Despite economic fluctuations, the sector displayed resilience and moderate growth in most countries. Eastern European countries are steadily increasing their share.

Future trends to watch: increased spending in Eastern Europe, potential impacts of inflation on expenditures, and a shift towards sustainable and smart home products influenced by environmental awareness and technological advancements.