The European Furniture Manufacturing Turnover Index shows Latvia and Lithuania leading with high index values in 2023, indicating strong growth in these countries. Notable variations in 2022 highlight Latvia, Lithuania, and Poland as experiencing significant year-on-year increases. Over the past five years, the highest compound annual growth was seen in regions with robust production, like the Baltics and Eastern Europe. Western European nations such as France and Germany show much lower growth rates, potentially due to market saturation or other economic factors.
Looking forward, the strong growth in Eastern Europe suggests a shift in manufacturing hubs, potentially driven by lower costs and increased investment. Monitoring technological advancements, sustainability initiatives, and economic policies across the EU will be vital to understanding future trends in the furniture manufacturing sector.
Top countries in Furniture Manufacturing Turnover Index by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 215.8 | 2022 | +20.9% | +13.36% | View data |
| 2 | 2 Lithuania | 206.6 | 2022 | +24.83% | +14.09% | View data |
| 3 | 3 Poland | 178.1 | 2022 | +11.73% | +8.22% | View data |
| 4 | 4 Macedonia | 150.6 | 2022 | +8.5% | +7.56% | View data |
| 5 | 5 Greece | 148.1 | 2022 | +19.82% | +7.06% | View data |
| 6 | 6 Romania | 147.7 | 2022 | +7.18% | +5.13% | View data |
| 7 | 7 Italy | 145.5 | 2022 | +12.18% | +5.47% | View data |
| 8 | 8 Norway | 133.8 | 2022 | +2.22% | +4.22% | View data |
| 9 | 9 Finland | 133.6 | 2022 | +12.08% | +4.04% | View data |
| 10 | 10 Spain | 132.3 | 2022 | +12.69% | +3.3% | View data |
