The European furniture manufacturing sector has shown varied performance across different countries in 2023. Germany leads the market with a production value of €20.5 million, showing a modest year-on-year increase of 0.85%. Italy follows closely with €19.12 million, though it experienced a decline of 1.64%. Poland, with €11.24 million, outpaced Italy in growth, achieving a 1.16% increase. The United Kingdom, France, and Spain round out the top six, with the UK seeing a slight decline of 0.79% and France nearly stagnant at 0.15% growth, while Spain dropped significantly by 2.3%. Smaller markets like Lithuania and Serbia exhibited robust growth at 7.2% and 9.71%, respectively. Conversely, declines were observed in Switzerland by 2.36% and Iceland by a steep 12.51%.
Future trends indicate potential growth in Eastern European countries due to lower production costs and increasing demand, alongside a continued focus on sustainable and eco-friendly furniture manufacturing practices in Western Europe. Watch for technological advancements and shifts towards online retail impacting production values and market dynamics.
Top countries in Furniture Manufacturing Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 20.5 | 2023 | +2.85% | +0.85% | View data |
| 2 | 2 Italy | 19.12 | 2023 | -0.3% | -1.64% | View data |
| 3 | 3 Poland | 11.24 | 2023 | +2.42% | +1.16% | View data |
| 4 | 4 United Kingdom | 8.21 | 2023 | -0.66% | -0.79% | View data |
| 5 | 5 France | 6.43 | 2023 | +2.63% | +0.15% | View data |
| 6 | 6 Spain | 5.06 | 2023 | -2.77% | -2.3% | View data |
| 7 | 7 Netherlands | 3.45 | 2023 | -0.4% | -1.1% | View data |
| 8 | 8 Austria | 2.73 | 2023 | -0.34% | -1.28% | View data |
| 9 | 9 Sweden | 2.45 | 2023 | -0.026% | +0.31% | View data |
| 10 | 10 Lithuania | 2.16 | 2023 | +3.98% | +7.2% | View data |
