Italy dominated the European furniture production market in 2023, holding 54.15% of the share, despite an 8.52% decline from the previous year. Poland followed with a 16.31% share and a 9.11% increase. Spain and Germany showed contrasting trends with Spain growing by 9.9% and Germany declining by 6.44%. France exhibited modest growth at 5.02%, whereas the UK experienced a significant decrease of 11.82%. Among the smaller markets, Serbia showed a remarkable 18.25% increase. Estonia also noted a substantial rise of 36.85%, though from a smaller base.
Looking ahead, challenges for Italy and the UK include reversing their declining trends, while countries like Poland, Spain, and Serbia are expected to sustain their upward trajectories. Estonia, despite its small share, is a market to watch for its high growth rate. Sustainability and innovation in production processes could shape the future landscape of European furniture production.
Top countries in Sold Production of Furniture Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 54.15 | 2023 | +14.71% | -8.52% | View data |
| 2 | 2 Poland | 16.31 | 2023 | +3.41% | +9.11% | View data |
| 3 | 3 Spain | 5.86 | 2023 | +12.18% | +9.9% | View data |
| 4 | 4 Germany | 5.45 | 2023 | +23.42% | -6.44% | View data |
| 5 | 5 France | 4.02 | 2023 | +2.91% | +5.02% | View data |
| 6 | 6 United Kingdom | 3.47 | 2023 | -12.73% | -11.82% | View data |
| 7 | 7 Portugal | 3.14 | 2023 | +1.65% | +0.46% | View data |
| 8 | 8 Serbia | 2.66 | 2023 | +6.03% | +18.25% | View data |
| 9 | 9 Hungary | 2.05 | 2023 | +5.25% | +8.33% | View data |
| 10 | 10 Sweden | 1 | 2021 | -18.07% | View data |
