In 2023, Germany led European household expenditure on home furnishing, followed by Italy and the Netherlands. Year-on-year growth shows significant increases in countries like Slovakia (11.79%) and Greece (10.81%), while Ireland and Estonia also experienced notable upticks. Germany's expenditure grew by 5.16%, and the Netherlands by 7.3%, indicating steady market expansion. Over the last five years, the expenditure trend shows a healthy growth, with consistent increases across most countries.
Looking forward, several trends to watch include the growing emphasis on sustainable and eco-friendly furnishings, technological integration in home products, and changing consumer preferences towards multifunctional furniture, alongside fluctuations in economic conditions which could impact expenditure levels.
Top countries in Household Expenditure on Home Furnishing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 53,690 | 2023 | +2.97% | +5.16% | View data |
| 2 | 2 Italy | 25,280 | 2023 | +1.35% | +1.16% | View data |
| 3 | 3 Netherlands | 10,550 | 2023 | +5.86% | +7.3% | View data |
| 4 | 4 Spain | 9,400 | 2023 | +1.45% | +2.91% | View data |
| 5 | 5 Belgium | 5,730 | 2023 | +2.73% | +4.64% | View data |
| 6 | 6 Portugal | 2,280 | 2023 | +1.26% | +6.36% | View data |
| 7 | 7 Finland | 2,130 | 2023 | +1.33% | +3.47% | View data |
| 8 | 8 Ireland | 2,010 | 2023 | +2.77% | +10.33% | View data |
| 9 | 9 Slovakia | 1,530 | 2023 | +20.69% | +11.79% | View data |
| 10 | 10 Lithuania | 790.91 | 2023 | +2.14% | +5.87% | View data |
