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          2025, increasing by 20 percent over the same period of 2024.   and interest rates, and potential wage growth. These factors
            Of the total, the import value was US$147 million, up   could boost consumer confidence and encourage spending
          seven percent year-on-year. The export value was US$4.905   on furniture”.
          billion, up 21 percent year-on-year.                  CSIL acknowledges that their forecast of European furniture

                                                             market prospects is “subject to a higher-than-usual degree of
          EU                                                 uncertainty” and that the “overall economic and geopolitical
          Slow recovery in European furniture production     environment remains volatile, with potential downside risks”.
          After a two-year period when the value of furniture production   But CSIL also highlight the underlying resilience of the
          in the EU27 fell by over 10 percent, in 2024 sinking to a   European furniture sector, despite recent global market volatility,
          level lower even than in 2020 at the height of the pandemic,   underpinned “by major retail chains and manufacturers operating
          production was showing some signs of recovery in the opening   on a European scale” which benefit “from strong internal
          months of this year.                               cohesion and a well-established trade network”.
            Eurostat data indicates that seasonally adjusted furniture   CSIL note that “this structural strength not only underpins

          production in the EU27 during the first four months of 2025   its stability but also drives the substantial concentration of
          was up by around 1.5 percent compared to the previous year.   export and import flows within the region”.
            Furniture production was rising in several EU countries in   The resilience of this sector was evident at the interzum
          the first four months of this year, notably Lithuania, Poland,   show for suppliers to the furniture industry in Cologne during
          Spain, and Italy.                                  May. A total of 1,616 exhibiting companies from 57 countries
            Production in all four of these countries, which has been   on a gross exhibition space of 176,000 sqm and around
          outpacing that in nearly all other EU countries in recent years,   60,000 trade visitors from 157 countries took part in the

          is now above the pre-pandemic level.               show. Despite the sluggish market, these figures were only
            Production also recovered ground in Portugal, Romania,   marginally down on the previous show in 2023.
          and Denmark in the opening months of 2025, although in
          each of these countries production is still well down on the   European furniture exports remain flat while imports
          pre-pandemic level.                                rise rapidly
            Production in Germany, Sweden, France, Belgium, and   The latest Eurostat and UK trade data shows that European
          the Netherlands continued to stagnate in the first four months   exports of wood furniture to countries outside the region,
          of this year.                                      after rising and then falling rapidly between 2021 and 2022,
            In the latest issue of their in-house journal, World Furniture   have remained stable since then at annualised level of just

          Online, the Italy-based market research organisation CSIL   below 1.5 million tonnes.
          reports that total furniture consumption in Europe fell by three   In contrast, European imports of wood furniture from other
          percent to €106 billion in 2024. This followed an eight percent   parts of the world began to increase in the second half of
          decline the previous year.                         2023, a trend maintained throughout 2024 and in the opening
            On market prospects, CSIL observes that in Europe “furniture   months of 2025.
          demand is forecasted to remain almost stagnant in 2025 and   Imports from outside the region in the 12 months ending
          slightly  improve  in the medium  term.  Some  positive  factors   March 2025, at 2.9 million tonnes, were close to those at the

          that could support a recovery include a slight improvement   height of the boom in 2021 and 2022.
          in macroeconomic indicators, an expected easing of inflation   Internal European trade in wood furniture, which was
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